Royal Bank eyes $2 billion debt deal in two parts as demand stays hot
The deal could launch as soon as Wednesday for the bonds. RBC raised $4.7 billion in a five-part U.S. dollar deal on Tuesday. Read on. Source
TD reaches $70M class-action settlement on broker commissions, law firm says
A $70.25 million class-action settlement has been reached with TD Asset Management over commissions paid to discount brokers. Find out more. Source
Fed minutes show robust debate about size of September rate cut
Federal Reserve chair Jerome Powell received some pushback on a half-point interest-rate cut in September. Find out more. Source
Posthaste: Companies face lost revenue, reputation with cyberattacks
Businesses are risking both financial and reputational harm with each passing cyberattack, according to a report by the CIRA. Find out more. Source
Even 50-bps Bank of Canada rate cut could wash over financially stressed consumers, survey suggests
Canadians are so financially stressed that even a big rate cut by the Bank of Canada might not make a difference, survey says. Read on Source
Canadian Grants and Loans for Video Game Development Studios
Finding government funding for video game development is not as tough as you may think. Canada is home to successful game studios thanks to grants and loans. Source
Canadian godfather of AI ‘flabbergasted’ with Nobel Prize in physics
Canadian Geoffrey Hinton and John Hopfield won the Nobel Prize in physics Tuesday for helping create the building blocks of AI. Read on. Source
Posthaste: Job numbers this week could be ‘material catalyst’ for Canadian dollar
Job numbers out Friday reduce the odds of a bigger cut from the Bank of Canada and boost the Canadian dollar. Read more Source
Canada posts sixth straight month of trade deficits
Exports of energy products posted the largest decrease in August, mainly on lower exports of crude oil as demand hits prices. Read more here Source
Lululemon founder Chip Wilson’s Vancouver mansion defaced after election sign went up
Lululemon Athletica founder Chip Wilson’s mansion was turned into a graffiti-covered flashpoint in a polarized provincial election. Read on Source