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Inflation cools to 3.8% in September. What that means for the Bank of Canada

Oct 30, 2023

Inflation cooled to 3.8 per cent nationally last month, Statistics Canada said Tuesday, down from 4.0 per cent in August and snapping a streak of two consecutive monthly accelerations.

Interest rates on hold — for now. Where does the Bank of Canada go next?

Oct 30, 2023

The Bank of Canada left its benchmark interest rate unchanged at 5.0 per cent on Wednesday amid signs of cooling in the economy and easing in inflation.

Government borrows less than expected in September

Oct 23, 2023

Government borrowing in September was lower than most economists had expected but remains high, figures show.

Amazon trials humanoid robots to 'free up' staff

Oct 23, 2023

Amazon is trialling humanoid robots in its US warehouses, in the latest sign of the tech giant automating more of its operations.

Foxconn: Taiwan-based iPhone-maker investigated by China

Oct 23, 2023

China has launched an investigation into Taiwan-based iPhone-maker Foxconn, Chinese state media reported on Sunday.

German chancellor Olaf Scholz could snub British AI summit

Oct 17, 2023

German Chancellor Olaf Scholz may turn down his invitation to a major UK summit on artificial intelligence, the BBC understands.

LinkedIn: Microsoft says 668 more jobs to go

Oct 17, 2023

LinkedIn owner Microsoft has announced a fresh round of job cuts, with around 670 roles set to go.

Belt and Road Initiative: Is China's trillion-dollar gamble to transform the world working?

Oct 17, 2023

This week, China is throwing a huge party to celebrate one of its biggest experiments in engaging with the world: its Belt and Road Initiative (BRI).

'You Need The Magnificent Seven': Jim Cramer Says These Tech Stocks Can Help Investors 'Make It Through' The Market Turmoil

Oct 7, 2023

Stocks have recently retreated as Treasury yields continue to rise. To navigate this market turbulence, CNBC's Jim Cramer offers some promising insights.

Buckle up for more ‘turbulence’ in the housing market, BofA says—it’s a housing recession, 1980s-style

Oct 7, 2023

Housing market pessimists have been sounding the alarm for years about a pending crash in the U.S. residential real estate market. Even before the Federal Reserve began hiking interest rates to fight inflation last year, pushing mortgage rates to a 23-year high this month, years of surging home prices left some experts warning that the housing market was a massive bubble ready to pop.

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