Posted 12/6/2023, 3:56:26 PM
Bank of Canada Holds Interest Rate Steady As Canada Records Trade Surplus and Offshore Wind Farm Powers Up
- Bank of Canada holds benchmark interest rate at 5% in final decision of 2023, citing evidence that higher rates are restraining spending and inflation
- Canada recorded a $2.97 billion trade surplus in October as exports rose slightly but imports slumped
- First commercial offshore wind farm in the U.S. begins sending electricity onto the grid off the coast of Long Island
- Google launches new AI model Gemini trained to behave more like humans, intensifying debate about technology's promise and perils
- Poll finds most Canadians want federal government to spend more on health care, housing strategy, and inflation relief initiatives