Money

Competition Bureau found the brokers association violated abuse of dominance rules

Sweden’s central bank is revisiting the possibility of introducing a digital krona, citing the European Central Bank’s (ECB) progress toward a digital euro and the growing use of stablecoins as reasons to reconsider a central bank digital currency (CBDC). In an Oct. 7 letter to parliament’s Finance Committee, published Thursday, the Riksbank urged lawmakers to begin preparing legislation for a potential digital krona, three years after a government inquiry concluded there was insufficient need for one. The letter pointed to the ECB’s planned digital euro pilot in 2027 and a potential public launch in 2029. According to the Riksbank, Sweden’s payment system could become less competitive without a comparable digital version of its own currency. The central bank also identified the growing use of foreign-currency stablecoins, particularly those pegged to the US dollar, as a longer-term concern, though it sees the near-term risk as limited. “If stablecoins pegged to foreign currencies are considered attractive as a means of payment, the use of the Swedish krona could come under pressure even within Sweden’s borders,” the letter read.

An ongoing CPA shortage means high earners can no longer afford to settle for backward-looking compliance.

September producer prices were expected to increase 0.6% month over month and 5.5% annually, according to the consensus estimate by Dow Jones.

Mastercard is expanding its role in stablecoin payments with a new platform that lets businesses integrate digital currencies into traditional banking and card services, a move that could make it easier for companies to offer stablecoin payments without building their own infrastructure. The service, dubbed Global Money Platform, is Mastercard’s first major integration with BVNK since it acquired the stablecoin infrastructure company in August, the payments giant announced Thursday. According to Mastercard, businesses can use the platform to hold and convert fiat currencies and stablecoins, offer stablecoin-linked cards and make payments directly from stablecoin balances into recipients’ local bank accounts. The service connects to Mastercard Move, the company’s global money transfer network, which can route payments to more than 17 billion destinations, including bank accounts and cards. It also connects stablecoin balances to Mastercard’s merchant network, allowing customers to spend them with payment cards. Nuvei, Marqeta and several other fintech companies are among the first integration partners.

'We see real risks the Fed will deliver another rate hike in two weeks' time,' one Fedwatcher warns

The real cost of motherhood far outweighs any money delivered at the hospital door

The Federal Court of Appeal overturned a lower court decision in January, allowing the federal government to keep the ban in place

Province’s consumer beware website shows the new fines issued to the ticket resale website earlier this month total $22,500 collectively

"Medicare will happen when I turn 65. I don't need to think about it, right?" Wrong. Get up to speed with the system now to prevent stress and save money later.

The exchange comes as U.S. debt exceeds $40 trillion and 10-year Treasury yields remain above 5%, intensifying scrutiny of the fiscal outlook.

A 4.2% higher wage base means more taxes for some earners next year.

Boost in manufacturing sales led by strength in primary metal, chemical subsectors

The authors of Simplify argue AI is the greatest complexity-generation machine ever, but it all leaves us frazzled

Sales rose 0.8% in September after an upwardly revised 1.3% jump in August

RBC ranked highest among the Big Five banks for a third consecutive year

With $1.1 million in the bank, the math on an $80,000 pool might work. But is a year-round maintenance commitment the best way to see your grandkids?

Spain will release 4.4 million barrels from its strategic reserves in October, official says