Wealthsimple’s new credit card drew 200,000 applicants, but slow rollouts and higher fees frustrate users. High-net-worth clients get priority, leaving loyal users waiting.

To retain assets across generations, advisors must focus on senior clients’ pain points. Building trust through family planning and TCPs connects both spouses and heirs.

Canadian ETF issuers Harvest, Ninepoint, and Purpose expand single-stock ETFs with 25% leverage and covered call income strategies, offering investors tax-efficient high-yield exposure.

OECD data show global FDI down 6% in H1 2025, with U.S. outflows turning negative. Greenfield investments in AI and manufacturing remain strong, but M&A continues to slow.

Canada’s real GDP fell 0.3% in August, with Q3 growth estimated at 0.4% annualized. Economists warn of near-recession conditions as the Bank of Canada signals a pause in rate cuts.

Job vacancies in Canada dropped 2.4% in August to 457,400, the lowest since 2017. The job vacancy rate held at 2.6% as unemployment continues to rise.

Bridgewater founder Ray Dalio warns that roughly 60% of Americans are being left behind as AI and automation accelerate inequality. U.S. growth is increasingly concentrated in the top 1%.

The Bank of Canada cut its policy rate to 2.25%, citing weak exports, trade uncertainty, and cooling inflation. Policymakers expect gradual recovery through 2026.

Fitch warns that fintech growth is reshaping the securities industry. Digital brokers and bank-affiliated firms stand to gain, while traditional domestic players risk losing market share amid AI and digital asset expansion.

Canada’s new federal budget will allocate $75 million for building-trade apprenticeship training and $97 million to speed up foreign credential recognition, as the government tackles skilled-worker shortages.