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2 Bank of Canada surveys show consumers and businesses expect high inflation to stick around

Two surveys from the Bank of Canada Friday show that while consumers and businesses are still expecting things like inflation and wages to be higher than usual for the foreseeable future, they are starting to come back to some sort of pre-pandemic normal — and they’ re less worried about a recession, too. In its […]

Inflation dip won’t be enough to stop another bank rate hike: analysts

OTTAWA – Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly. Statistics Canada is set to release its consumer price index report for May on Wednesday, providing the most up-to-date inflation reading ahead of the Bank […]

Mass event will let hackers test limits of AI technology – Business News

Photo: The Canadian Press Rumman Chowdhury, co-founder of Humane Intelligence, a nonprofit developing accountable AI systems. No sooner did ChatGPT get unleashed than hackers started “jailbreaking” the artificial intelligence chatbot — trying to override its safeguards so it could blur out something unhinged or obscene. But now its maker, OpenAI, and other major AI providers […]

BuzzFeed News to be shuttered in corporate cost cutting move – Business News

Photo: The Canadian Press FILE – The entrance to BuzzFeed in New York was seen on Nov. 19, 2020. Pulitzer prize winning digital media company BuzzFeed is cutting about 15% of its staff, according to multiple media reports. In a memo sent to staff, co-founder and CEO Jonah Peretti said that the New York company […]

Riskiest scams in Canada ranked by Better Business Bureau

A new report from the Better Business Bureau (BBB) ​​says the riskiest frauds in Canada are home improvement scams and cryptocurrency scams, followed by advance fee loan scams. The organization, which advocates for education to protect consumers, says home improvement scams were the riskiest in 2022, up from the fourth-riskiest ranking in 2021. According to […]

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