The accounting watchdog that oversees auditors of US public companies levied a record civil penalty this past week against KPMG Netherlands for similar offenses confessed to by PricewaterhouseCoopers in Canada in 2020.

Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more. The Bank of Canada kept its policy interest rate at 5 per cent for the sixth consecutive time and offered no timeline for rate cuts.

Donald Trump’s social-media company just became the most valuable publicly traded client of an accounting firm that has more experience auditing companies traded over-the-counter and has had a string of regulatory issues, including a 100% deficiency rate on audits reviewed by a US watchdog.

Bank of Canada set to hold interest rate policy meeting on April 10 as more British Columbians report feeling greater pinch in their wallets.

The poll’s respondents also reported incurring an average $12,000 each in costs related to preparing bare trust returns that hadn’t yet been submitted, or for which they hadn’t yet billed clients

Ninety-nine foreign firms, which are not annually inspected, audit roughly 8.5% of the remaining reporting issuers. The remaining 1.5% of reporting issuers are divided up between 90 Canadian accounting firms both annually and non-annually inspected.