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The Governor of the Bank of Canada (testifying before the Senate) stated that once the government's fiscal update measures are taken into account, the inflation forecast in the July monetary policy report will not change significantly.

2026-05-07

The Governor of the Bank of Canada (testifying before the Senate) stated that once the government's fiscal update measures are taken into account, the inflation forecast in the July monetary policy report will not change significantly.

Other News
2026-05-07

U.S.-based employers announced 83,387 job cuts in April, up 38% from March but down 21% from a year earlier, according to Challenger, Gray & Christmas. The month marked the third-highest April total since 2009. Year-to-date layoffs reached 300,749, d

U.S.-based employers announced 83,387 job cuts in April, up 38% from March but down 21% from a year earlier, according to Challenger, Gray & Christmas. The month marked the third-highest April total since 2009. Year-to-date layoffs reached 300,749, down 50% from the same period in 2025. Technology firms led cuts, often citing AI investment and innovation. AI was the top reason in April, driving 21,490 layoffs, or 26% of the total. Closings, cost-cutting, and restructuring also contributed significantly, while broader market and economic conditions remained the leading year-to-date driver of job reductions.
2026-05-06

NASDAQ 100 EXTENDS GAIN TO 1.5%

NASDAQ 100 EXTENDS GAIN TO 1.5%
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