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26/09/2023

A majority of economists, 24 of 34, polled between Aug. 24-30 expect the BoC to keep its policy rate at the current level of 5% or higher until at least the end of March 2024. The median shows 50 basis points worth of cuts by the end of June next year, in line with expectations for the U.S. Federal Reserve.

25/09/2023

Trudeau's popularity as measured by opinion polls has dropped as Canadians deal with a cost-of-living crisis, sparked by the central bank's record pace of interest rate increases to tame inflation.

24/09/2023

We know things are going to start getting better. Inflation is coming down. We think interest rates are going to start coming down probably middle of next year," Trudeau told the New York Times in an interview just before returning to Canada after attending the United Nations General Assembly.

24/09/2023

Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of next year, in-line with recent Reuters poll estimates, though the latest economic data has turned the central bank more hawkish

23/09/2023

The emergence of the El Niño weather pattern and the breakdown of an agreement to transport Ukrainian food through the Black Sea (NYSE:SE) have added to global woes on food security

23/09/2023

Programs supported by the African Development Bank (AfDB) in over 30 African countries have helped produce some $12 billion worth of food, and the bank’s $25 billion objective is "well on track," AfDB President Akinwumi Adesina said on Friday.

22/09/2023

A Fed spokesperson said the cuts are focused on the staff of the U.S. central bank's 12 regional reserve banks and mainly hit information technology jobs, including some no longer needed because of the spread of cloud-based computer software, and positions connected to the Fed's various systems for processing payments, which are being consolidated

22/09/2023

The U.S. Federal Reserve system is cutting about 300 people from its payroll this year, a small but rare reduction in headcount across an organization that has grown steadily since 2010 as its reach in the economy and regulatory agenda have expanded.

21/09/2023

Dall-E 3 will be available to ChatGPT Plus and Enterprise customers in October via the API, the company said. Users can type in a request for an image and tweak the prompt through conversations with ChatGPT.

21/09/2023

OpenAI on Wednesday unveiled Dall-E 3, the latest version of its text-to-image tool that uses its wildly popular AI chatbot ChatGPT to help fill in prompts.

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