Canada News
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Canada’s banking regulator Julie Dickson says that her agency is a dark place, and that gives her comfort as she prepares to enter her final year on the job.
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Canada’s biggest pension-fund manager will “significantly” cut its C$64 billion ($62.3 billion) allocation to bonds as the fixed-income market’s foothold among its most loyal base of investors grows less certain.
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Caisse de Depot et Placement du Quebec is selling some of its European property and redeploying proceeds in assets such as infrastructure while the euro-area economy shrinks, Chief Executive Officer Michael Sabia said.
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The Canadian dollar declined to a two-month low against its U.S. peer after retail sales stagnated in March, boosting bets the Bank of Canada will move away from its bias to raise interest rates.
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