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RBC economist Claire Fan said Canada’s September employment decline is highly volatile and should not be over-interpreted. Roughly 70% of the fall came from 15–24-year-olds; seasonal hiring patterns around the new school year mean the drop does not n

2026-10-09

RBC economist Claire Fan said Canada’s September employment decline is highly volatile and should not be over-interpreted. Roughly 70% of the fall came from 15–24-year-olds; seasonal hiring patterns around the new school year mean the drop does not necessarily signal broad labor‑market deterioration. Leading indicators show hiring demand has not fallen to worrying levels since the imposition of recent US tariffs. Fan expects earlier improvements in Canada’s labor market to persist and for the unemployment rate to trend down over the remainder of 2026.

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2026-10-09

Franklin Templeton CEO Jenny Johnson said short-term debt issued by large tech firms presents an attractive way to gain AI exposure given those firms’ strong cash flows and balance sheets. She said tech financing has grown more complex — extending be

Franklin Templeton CEO Jenny Johnson said short-term debt issued by large tech firms presents an attractive way to gain AI exposure given those firms’ strong cash flows and balance sheets. She said tech financing has grown more complex — extending beyond traditional creditors to include off-balance-sheet facilities guaranteed by major cloud providers and vendor financing where suppliers act as lenders. Holding long-term bonds, she warned, exposes investors to uncertainty from rapid technological change. Johnson added the AI wave has not yet materially raised productivity; current U.S. productivity growth of roughly 2% reflects past two decades of technology and AI will take time to integrate into the economy.
2026-10-09

Hong Kong stocks opened higher and extended gains: HSI +1.09% at midday; Hang Seng Tech Index peaked over 2% intraday and was +1.55% at midday. Autos led the rally — Xiaomi (01810.HK) surged as much as 8% intraday, Leapmotor (09863.HK) and Li Auto (0

Hong Kong stocks opened higher and extended gains: HSI +1.09% at midday; Hang Seng Tech Index peaked over 2% intraday and was +1.55% at midday. Autos led the rally — Xiaomi (01810.HK) surged as much as 8% intraday, Leapmotor (09863.HK) and Li Auto (02015.HK) rose over 4%, BYD Co. (01211.HK) gained over 3%. Precious-metals names outperformed, with Datang Gold (08299.HK), Zijin Gold International (02259.HK) and Chifeng Gold (06693.HK) up more than 3%. EV-battery leader CATL (03750.HK) rallied above 5% intraday and was +4.32% at midday. Biotech pulled back: Kailaiying (06821.HK) -9.51%, Geli Pharma (01672.HK) and Fonda Holdings (01521.HK) each down more than 5%.
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