Tag
World
Brazil's electoral court declared Luiz Inácio Lula da Silva mathematically elected on Sunday night with 51.76% of valid votes, overturning a first-round deficit against Flávio Bolsonaro — and Brazilian assets slid overnight on the surprise.
Business
The Nasdaq had its worst day since June as investors questioned trillion-dollar AI bets. Meta fell 8% after a $10-billion legal charge hit its earnings.
Money
Meta's AI spending plans and Tesla's capex cut spooked tech, while fresh Houthi attacks in Saudi Arabia sent Brent toward a five-month high. The AI-trade wobble is now a Middle East story too.
Money
Monday's split-screen markets capture an energy shock colliding with a political one: Brent slid nearly 2 per cent off its five-month high as markets weighed more Russian fuel supply, while gold climbed toward record territory. Here's what it means for Canadian gas prices — and the Bank of Canada's Oct. 28 rate call.
Money
A global chip selloff deepened this week after hot U.S. inflation data revived rate-hike fears. Toronto's tech names felt it too, while a make-or-break earnings week looms for the AI giants.
Money
Non-resident investors sold a net C$17.3 billion in Canadian securities in August, Statistics Canada reported Friday — the first monthly sell-down of the year, led by an unprecedented exit from federal debt.
Business
The Nvidia-backed cloud company's shares rebounded Thursday, but its bonds still yield near 16% as markets question whether the AI buildout is running on borrowed money. The S&P/TSX closed up 1.6%, on falling yields, not falling fear.