AGP Executive Report
Last update: 2 hours agoMonetary Policy: The Bank of Canada is moving cautiously, but its latest meeting summary says further rate hikes may be needed to contain inflation. Payments: Canada’s long-delayed Real-Time Rail has launched, enabling 24/7 payments; new fraud tools are part of the system, while a no-scam-refund rule has raised consumer-protection questions. Institutional Investing: CPP Investments posted a 0.5% loss in its second quarter, with fixed-income losses weighing on results. Cross-Border Finance: Canada and China agreed to deepen financial-sector ties, and China plans to issue sovereign bonds in Canada as relations warm. Markets and Policy: RBC is taking over Australian asset manager Yarra Capital, while Budget 2026 puts business investment at its centre, including a proposed tax incentive for capital spending expected to cost $36 billion over five years.
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