News of the day: Banks eye major projects, U.S. dollar bear market, investing advice, merit-based pay increases, salvaging Canada-U.S. free trade and more

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Photo by Brent Lewin/BloombergIt’s Monday, Aug. 31. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountA decision by Canada’s top banking regulator to reduce the amount of money that the Big Six must keep aside to tackle financial shocks has freed up billions of dollars in capital, but an uncertain economy, weak loan demand and unattractive acquisition targets are making it challenging for banks to deploy that excess cash effectively. There have been 15 U.S. dollar bear markets since Richard Nixon closed the gold window in 1971. Photo by Chris Ratcliffe/BloombergGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againJust because the greenback is the world’s reserve currency does not mean it can escape down cycles. David Rosenberg strongly senses one is confronting us and we should be prepared. The future rarely looks obvious in real time, which is why successful investing is often less about forecasting and more about adapting before everyone else does. Photo by Grafissimo/Getty ImagesAs higher rates and political risks reshape markets, opportunities may lie beyond the short-term noise, writes Martin Pelletier. The survey said industry salary budgets vary around national averages, with tech leading market increases for merit and total increases, whole retail and wholesale are also above average. Photo by Vergani Fotografia/Getty ImagesMercer Canada said its survey of more than 470 Canadian organizations found that employers, on average, plan to hold base salary increases for merit nearly the same as reported in the last two years. U.S. President Donald Trump speaking with Prime Minister Mark Carney at a working lunch with leaders of G7 and the Middle East on June 16 in Evian-les-Bains, France. Photo by Evelyn Hockstein/Pool/Getty Images filesThe collapse of trade talks between Canada and the United States this past weekend and the ensuing fallout have stoked debate about whether the entwined economic relationship between the countries — held up around the world as a model of economic cooperation — will survive and, if so, in what form.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.