Morgan Stanley analyst Keith Weiss described the stakes,“New Bing features four key innovations (detailed in a company blog post):1. New Bing runs on a new large language model (LLM) developed with […]
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Brookfield Asset Management forecasts rapid growth as it attracts new investments
Brookfield Asset Management Ltd. BAM-A-T -0.57%decrease is looking to buck the trend in a tough market for fundraising with plans to raise significant capital to invest in its areas of focus, including infrastructure, […]
Oil climbs 3rd day on subdued dollar, U.S. crude stocks’ drop
Oil prices rose early on Wednesday, extending gains from the previous two days, as the dollar fell after Federal Reserve Chair Jerome Powell sounded less hawkish on interest rates than markets had expected […]
Canada’s economy loses momentum as rate hikes take hold
Canada’s economy loses momentum as rate hikes take holdThe Canadian economy is slowing quickly as the Bank of Canada hikes interest rates to tamp down excessive inflation, the prelude to a potential […]
Bank of Canada delivers quarter-point rate hike, signals pause to further increases
Bank of Canada delivers quarter-point rate hike, signals pause to further increasesThe Bank of Canada increased its benchmark interest rate by a quarter of a percentage point, but said that it expects […]
U.S. business activity contracted for seventh straight month in January, but outlook perks up
U.S. business activity contracted for seventh straight month in January, but outlook perks upU.S. business activity contracted for the seventh straight month in January, though the downturn moderated across both […]
Bank of Canada to raise rates by 25 basis points to peak of 4.5% on Jan. 25, poll suggests
Bank of Canada to raise rates by 25 basis points to peak of 4.5% on Jan. 25, poll suggestsThe Bank of Canada will hike its key interest rate by a […]
Economic Calendar: Jan 23 – Jan 27
Economic Calendar: Jan 23 – Jan 27Monday January 23Euro zone consumer confidence(8:30 a.m. ET) Canada’s new housing price index for December. Estimate is a decline of 0.2 per cent from […]
Canada CPI Inflation Cools to 6.3% in December — 2nd Update
Canada CPI Inflation Cools to 6.3% in December — 2nd UpdateOTTAWA–Inflation in Canada cooled slightly more sharply than anticipated in December but some price pressures remain sticky, doing little to […]