Google Unveils Bard AI to Rival ChatGPT, FTX Sues Founder's Parents, Trudeau Accuses India in Sikh Leader Shooting, Trans Mountain Pipeline to Reshape Oil Flows, YouTube Demonetizes Russell Brand

Google announces new Bard AI features to compete with ChatGPT popularity
FTX sues founder Bankman-Fried's parents for misusing customer funds
Trudeau alleges India played role in Canadian Sikh leader shooting
Trans Mountain pipeline expansion to reshape North American oil flows
YouTube demonetizes Russell Brand channel over sex assault claims

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10/3/2023

Bank of Canada Warns of Persistent Inflation as Home Prices Remain High and Tensions Rise with India

Bank of Canada warns that firms raising prices more frequently and sharply may complicate efforts to bring inflation back to 2%, while former Bank of England governor Mark Carney expects the US Federal Reserve to raise interest rates again before year-end to help curb inflation; a former Bank of Canada official warns that current home prices in Canada cannot be justified if medium-term interest rates stay elevated, posing a risk to the country's housing sector; Canada and India experience strained bilateral ties over the Canadian suspicion of Indian government agents' involvement in the murder of a Sikh separatist leader; Ontario Premier Doug Ford's boundary changes in Ottawa and Hamilton are believed to benefit developers who own rural land and could increase their value; WeWork chooses to skip $95 million in interest payments as it attempts to jumpstart talks with lenders; discount airline Arajet plans to launch flights between the Dominican Republic and Toronto and Montreal this fall, entering the crowded field of low-cost carriers in Canada; Bank of Canada notes that Canadian businesses have been making larger and more frequent price changes since the pandemic, passing on higher costs to consumers, potentially stoking inflation; Elon Musk's X Corp, formerly known as Twitter, faces a trademark lawsuit from a legal-marketing company claiming that its new name infringes its trademark incorporating the letter "X"; Lundin Mining CEO Peter Rockandel will step down at the end of the year, with Jack Lundin taking his place as CEO and rejoining the board in 2024.

10/4/2023

Pence Rebukes Trump Over Milley Criticism; Toronto Trains Halted by Outage; Rare Earth Miner Goes Bankrupt; TSX Slumps on Recession Fears; Bank of Canada Warns Firms May Worsen Inflation

A group of US senators, including Majority Leader Chuck Schumer, plans to visit China and hopes to meet with Chinese President Xi Jinping; Italian Prime Minister Giorgia Meloni faces challenges in avoiding provoking financial markets; Former Vice President Mike Pence criticizes Donald Trump for calling retired Gen. Mark Milley a traitor over phone calls made to China; Canadian National Railway resolves an internet connectivity failure that caused travel chaos in Toronto; The owner of an N.W.T. mine project sends its Canadian subsidiary into bankruptcy and closes down its processing plant; The Toronto Stock Exchange slumps to its lowest level in more than a year as the bond market suggests a recession warning; Top stocks to consider buying with $2,500 in Canada; Homeowners in Canada brace for higher mortgage payments as interest rates are expected to stay higher for longer; The Bank of Canada warns of the risk of firms raising prices more frequently and sharply, complicating inflation control efforts.

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Posted 9/19/2023, 1:04:38 PM