AIM Corp.

Apr 28, 2023

BOJ Considers Tweaking Forward Guidance on Policy Rate: Nikkei Ukraine Latest: Zelenskiy Sees ‘New Energy’ for China Ties Asian Stocks Set to Rise After Tech-Led US Rally: Markets Wrap Oil Set for Sixth Monthly Loss on Deteriorating Demand Outlook Argentina VP Kirchner Blames IMF for Peso Selloff and Inflation Tokyo Inflation Speeds Up, Focusing Attention on BOJ Price View Russia Eyes Range of Options to Get Extra Cash From Oil Firms EU’s Debt Rules Mean Just Four Countries Can Finance Green Goals Ex-SPAC CFO Gets 3 Years in Scheme to Trade Meme Stocks, Crypto Hong Kong Runs Down Liquidity Buffer With Little Impact on Rates, For Now UK Lawmakers Warn Government Set to Miss Net-Zero Power Goal UK Inflationary Pressures Rise With Gain in Business Confidence Biden EPA to Allow Summer Sales of Higher-Ethanol E15 Gasoline Robots Help ‘Smart Mines’ Drive China’s Coal Build-Out London Rents Top £2,500 for First Time as Supply of Homes Drops Elliott Builds Software AG Stake in Bet on Silver Lake  Bump or Rival Bid Yen Can Retake Its Crown as Haven of Choice as BOJ Normalizes Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin Fitness Startup Forme Prices US IPO at Top of Range PSAC: Will Canada's tax deadline be moved due to the strike? How claiming income from side gigs can lower your tax bill Paper filing is dying but free income tax software lives on: Dale Jackson Tax deadline: Strike not a major issue for most Canadians, expert says 'Give yourself time and space': How to manage your finances during times of grief Experts explain how to cope with money stress Experts share effective ways to tackle student debt As thousands flock to day trading during lockdown, experts urge caution Dual income, no kids: Why some young Canadians are choosing this lifestyle 'Ask a lot of questions' before deciding what to do with your tax refund: experts As Canadians miss out on benefits, Ottawa promises automatic tax filing is on the way Here's a list February inflation rates for Canadian provinces Is your retirement portfolio ready for what's to come? Women more likely to bag $100,000 jobs despite fewer applications Quitting your job? Experts say it's best to have a plan before you do Household debt-to-income ratio edges lower as interest payments expand Canadians making fewer trips to the grocery store as inflation pinches: RBC report With airfares rising, here's how to find a travel deal this year Young Canadians keep up pandemic-inspired DIY projects to save money Singapore Takes Aim at Rich Chinese With 60% Property Tax Singapore First-Quarter Home Prices Jump on Strong Demand London Rents Top £2,500 for First Time as Supply of Homes Drops Texas Teacher Pension Considers $1.5 Billion Bet on Warehouses Disney Suit Against DeSantis Assigned to Obama-Appointed Judge Average home price will not revert to pre-pandemic levels this year: CMHC Mortgage Rates in the US Rise to Highest Level Since Mid-March What’s Trending Today: Tucker Carlson Returns to Twitter, Powell Gets Pranked, Knicks Advance Canadian Housing Agency Predicts Home-Price Drop Will End This Year The Last Big Empty Waterfront Site in Downtown Miami Is Sold for $1.2 Billion Artists Christopher Wool and Charles Ray to Unveil Major Works in NYC US Pending Home Sales Fall 5.2%, Biggest Drop Since September US Economic Growth Slows to 1.1% While Inflation Accelerates Singapore’s 60% Property Tax Makes London, New York Look Cheap Congested Philippine Airport Gets New Upgrade Pitch From Tycoons Surging Home Loans in Philippines Show Rate Hikes Not Biting Yet Taylor Wimpey Sees Green Shoots in UK Housing as Sales Climb Nordea Bank First-Quarter Income From Lending Beats Estimates China’s Property Pain Deflates ‘Overhyped’ Iron Ore Market Evergrande Extends Incentive Deadline as Support Falls Short BOJ Considers Tweaking Forward Guidance on Policy Rate: Nikkei Singapore Takes Aim at Rich Chinese With 60% Property Tax Asian Stocks Set to Rise After Tech-Led US Rally: Markets Wrap Chinese EV Giant BYD’s Profit Surges Over 400% in First Quarter Chinese Truckmaker to Boost Mexico Presence With Eye on US Market ‘Economic Misalignment’ With China Is Focus of US Trade Czar South Korean Leader Gets Warm Welcome From a Divided US Congress EV Group Starts With Aim to Double UK Charging Network in 2023 Brittney Griner Won’t Play Overseas Again, Despite Big Paychecks Tokyo Inflation Speeds Up, Focusing Attention on BOJ Price View Singapore First-Quarter Home Prices Jump on Strong Demand Russia Eyes Range of Options to Get Extra Cash From Oil Firms EU’s Debt Rules Mean Just Four Countries Can Finance Green Goals Intel rallies after giving hope of recovery in second half Ex-SPAC CFO Gets 3 Years in Scheme to Trade Meme Stocks, Crypto Hong Kong Runs Down Liquidity Buffer With Little Impact on Rates, For Now UK Lawmakers Warn Government Set to Miss Net-Zero Power Goal UK Inflationary Pressures Rise With Gain in Business Confidence Asian Stocks Set to Rise After Tech-Led US Rally: Markets Wrap Chinese EV Giant BYD’s Profit Surges Over 400% in First Quarter Oil Set for Sixth Monthly Loss on Deteriorating Demand Outlook Chinese Truckmaker to Boost Mexico Presence With Eye on US Market EV Group Starts With Aim to Double UK Charging Network in 2023 Russia Eyes Range of Options to Get Extra Cash From Oil Firms EU’s Debt Rules Mean Just Four Countries Can Finance Green Goals Ex-SPAC CFO Gets 3 Years in Scheme to Trade Meme Stocks, Crypto UK Lawmakers Warn Government Set to Miss Net-Zero Power Goal Biden EPA to Allow Summer Sales of Higher-Ethanol E15 Gasoline Robots Help ‘Smart Mines’ Drive China’s Coal Build-Out Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin Exxon Taps HR Chief Gunnlaugsson to Lead New Trading Unit Indebted Utility Kepco Faces Smaller Price Hike As Korea Shields Consumers Thai Parties Woo Farmers With Debt Freeze, Higher Crop Prices Republican Jim Justice Launches Bid for Joe Manchin’s Senate Seat Peru Sees Lithium Mining Opportunity in Chile’s Statist Plan Einhorn’s Greenlight Defies Skeptics in Black Knight Deal Bet Top Air-Conditioner Maker Daikin Targets European Heating Market Gen X buyers driving recreational property demand in Canada: Report Bank of Canada considered raising interest rates at its last meeting Record mortgage interest payments paint misleading inflation picture: Economist How to navigate your finances during a job loss The Daily Chase: Teck shareholders to vote on spinoff; Rogers tops Q1 expectations U.S. Fed's review of SVB supervision to be released on Friday Weak on-time record of Canadian airports, airlines raises questions for summer travel The Daily Chase: Markets point to a negative open; CN Rail raises growth forecast Passenger rights overhaul draws criticism from both sides — airlines and advocates The Daily Chase: Markets point to flat open; Federal employees strike continues Russian airspace ban means pricier flights for Canadian travellers and airlines Small business owners working eight-day week equivalent due to staff shortages: CFIB What's ahead under President Joe Biden, industry by industry Trudeau eyes billions to patch Canada's creaking health system U.S. is open as Canada shuts down. The difference? Their health care systems The Daily Chase: B.C. premier speaks out against Glencore’s Teck bid; Tesla under pressure PSAC strike could have domino effect for unionized workers: labour experts How becoming common-law or getting hitched changes tax-filing season The Daily Chase: Markets point to a weak open; Teck gains support in coal operations split Ukraine Latest: Zelenskiy Sees ‘New Energy’ for China Ties South Korean Leader Gets Warm Welcome From a Divided US Congress UK Lawmakers Warn Government Set to Miss Net-Zero Power Goal Biden EPA to Allow Summer Sales of Higher-Ethanol E15 Gasoline Pence Testifies Before Jan. 6 Grand Jury In Blow To Trump UK Train Drivers Extend Strikes Into June, Adding to Disruption Thai Parties Woo Farmers With Debt Freeze, Higher Crop Prices Republican Jim Justice Launches Bid for Joe Manchin’s Senate Seat Trump’s Lawyer Presses E. Jean Carroll on Details of Alleged Attack Former FTX Executive Ryan Salame’s House Searched by FBI Biden’s Donors Haven’t Cut Enough Big Checks Yet, Worrying Campaign UK’s Sunak to Break Brexit Vow on Scrapping EU Laws by End 2023 Republican Tim Scott Will Challenge Trump in May for the 2024 Nomination China Rebuilds Australia Ties After Failing to Pressure Economy Disney’s Emboldened Iger Escalates Fight With Florida’s DeSantis Big power shortfall looms after Quebec wooed U.S. with cheap hydro Meloni Coalition to Try Again on Italy Deficit Plan After Defeat Disney Suit Against DeSantis Assigned to Obama-Appointed Judge Colombia’s Finance Chief Shake-Up Vaults Petro Ally to Key Role Chinese Truckmaker to Boost Mexico Presence With Eye on US Market South Korean Leader Gets Warm Welcome From a Divided US Congress Intel rallies after giving hope of recovery in second half Ex-SPAC CFO Gets 3 Years in Scheme to Trade Meme Stocks, Crypto Amazon Raises Investor Fears of Continued Slowing Cloud Growth Elliott Builds Software AG Stake in Bet on Silver Lake  Bump or Rival Bid Taiwan’s Labor Crunch Threatens Precarious Economic Recovery Fugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving Bitcoin New York City Subway Ends Twitter Service Alerts After Musk Raises Price Former FTX Executive Ryan Salame’s House Searched by FBI Customers Bancorp Jumps as Earnings Beat and Deposits Stabilize Bitcoin Thief Photographed in Bathtub of Cash Gets Four Years US Calls on Iran to Release Oil Tanker Seized in Gulf of Oman T-Mobile Misses Sales, Subscriber Estimates as Industry Slows US Chip Incentives Won’t End Cost Gap, But Client Nearness a Plus, Czar Says Zuckerberg’s Fortune Jumps $10 Billion on Meta Sales Rebound FTX Exchange Revival Is ‘Impossibility,’ Ex-Ally Scaramucci Says US Wants to ‘De-Risk,’ Not Decouple, From China, Biden Aide Says Airman Charged Over US Secrets Leak Accused of Attempted Coverup The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. China and the Fed Keep Investors Swinging Between Oil and Gold Retail Investors Bearish on Japan Stocks as Foreigners Pile In JPMorgan Overthrows JPMorgan for Crown of Largest Actively Managed ETF Hedge Funds, Buybacks Drive $2.3 Billion Into Stocks, Bank of America Says 21Shares, Cathie Wood Revive Bitcoin ETF Bid After Price Rebound Four Reasons Why Investors Expect US Dollar to Keep Sliding Citi's Japan Clients Bet on US Dollar, Aussie as Ueda Cools BOJ Bets Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000 Tech Surge Sends Valuations to Extremes, but Traders Don’t Care Money Is Pouring Into Stock ETFs at a Time When Bearish Warnings Soar Do-Good Funds Spurned for Safer Bets as Quarterly Losses Mount Bill Gross Scoops up Regional Bank Stocks This Week in China: Death Cross Shows Fatigue in Reopening Trade Wary Stock Traders Eye Options Deadline for End to Eerie Calm Bitcoin’s 70% Surge Fuels an ETF Showdown Between Bulls and Bears Weed Stock Fund Is Down 72% Even as Legalization Spreads Beaten-Down Biotech Stocks Get Boost from M&A Boom, Lofty Prices Barclays to Shut 21 ETNs a Year After ‘Staggering’ Note Blunder Cathie Wood’s Popular Touch Deserts Her in ARK Flows, Venture Fund BCE CEO says tech hiring & donations continue despite tough economy Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO Manulife CEO on diversification, insurance demand and digital transformation Decision on new Suncor CEO expected 'very soon' Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Reed Hastings explains why he's stepping down as Netflix CEO in blog post Bankman-Fried says in court that he's ready for U.S. extradition SBF sent back to Bahamian jail after catching lawyer off guard with U.S. extradition plan Disney's Iger returns to reckon with his own 15-year Legacy Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind ​Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars BCE You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. Lily Nonomiya and Ruth Carson, Bloomberg News The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Monday, April 25, 2022. Governor Haruhiko Kuroda said the Bank of Japan must keep applying monetary stimulus given the more subdued inflation dynamics in the country compared with the U.S., in remarks on April 22 that omitted any reference to the yen's depreciation. , Bloomberg (Bloomberg) -- The Bank of Japan is planning to review guidance on its policy rate in light of the government’s plans to lower the classification of Covid-19, the Nikkei newspaper reported Friday, without attribution. The BOJ was also seen keeping its yield curve control policy unchanged at Friday’s meeting and considering a comprehensive review of past monetary easing decisions, as previously reported. The yen saw a modest spike after the report before reversing gains, while Japan’s bond futures held a decline. Japanese bank shares gained. Governor Kazuo Ueda will shortly conclude his first monetary policy meeting. “Investors may hope a new governor will potentially bring new forward guidance,” said David Forrester, senior FX strategist at Credit Agricole CIB Singapore Branch. “Investors could even view such a change as a harbinger of more substantial changes to monetary policy down the road.” The dropping of the “additional easing” and/or “lower levels” clauses in the central bank’s forward guidance would be a move toward a neutral bias and positive for the yen, Forrester added. The BOJ’s current guidance refers to the impact of Covid-19, and states that it expects short and long term policy interest rates to remain at their present or lower levels. It also says the bank won’t hesitate to take additional easing measures if necessary. BOJ watchers widely expect Ueda won’t make a big splash at his first meeting, leaving interest rates and asset purchase settings unchanged. Ueda himself has recently said it’s appropriate to continue with monetary easing including the yield curve control program, given current economic and price conditions. Still, data Friday showed inflation in Tokyo unexpectedly gained renewed upward momentum, pointing to a stronger-than-thought underlying price trend. The BOJ will also release its latest inflation projections. “The markets, from bonds to currencies to stocks, got caught with surprise as investors are all waiting for the decision,” said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank. “From here, for an hour or so, the market will regain calm and wait for the decision.” --With assistance from Yumi Teso and Masaki Kondo. (Adds chart, context, stocks move.) ©2023 Bloomberg L.P.