Posthaste: How to play the market in troubled times, buyback boom and RBC’s stake in rewards business

From today till Saturday, dozens of central bankers, policymakers, academics and economists will descend on Jackson Hole, Wyo. to participate in the annual Jackson Hole Economic Policy Symposium, hosted by the Federal Reserve Bank of Kansas City.

TD Bank Group economist Sri Thanabalasingam says the market-spooking events over the past few weeks are hard to ignore for central bankers. In Canada, The Canadian Imperial Bank of Commerce beat analysts’ estimates for third-quarter profit, as gains in domestic retail and U.S. commercial banking offset a jump in loan loss provisions and weakness in its capital markets unit, according to Reuters. The bank also raised its dividend.

The Bank of Canada is set to release its next interest rate decision on Sept. 4. The bank has held interest rates steady since October 2018 and is not expected to move for the rest of the year.

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