Trudeau announces renter-focused measures ahead of 2024 budget:
theglobeandmail.com/politics/article-trudeau-announces-renter-focused-measures-ahead-of-2024-budget/
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| Last Updated | Mar 27 |
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Meta proves AI hype has its limits : Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues
ft.com/content/698c79e0-0b0b-401d-8132-99a42f236b92
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Indonesia raises interest rates to support sliding rupiah: Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
ft.com/content/e3f75d49-c3bf-408c-b8a4-e8c599dba384
Macklem Sees Little Impact of Canada Budget on Fiscal Track: Bank of Canada Governor Tiff Macklem said Prime Minister Justin Trudeau’s recent budget did not ...
bloomberg.com/news/articles/2024-04-19/macklem-sees-little-impact-of-canada-budget-on-fiscal-track
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Quick Glance: Macklem Sees Limited Impact of Canada Budget on Fiscal Direction
- Bank of Canada Governor Tiff Macklem suggested Prime Minister Justin Trudeau’s recent budget, which balanced increased spending with a capital gains tax hike and improved revenue forecasts, did not significantly contribute to inflationary pressures.
- Macklem informed reporters on Friday that the budget did not alter the government's fiscal trajectory significantly compared to the November fiscal update. It was highlighted that Finance Minister Chrystia Freeland upheld her commitment regarding deficit maintenance and shortfall reduction goals for the future.
- The Governor emphasized the continued adherence of the budget to these guidelines, which was deemed beneficial. He refrained from delving into specific details of budget measures, emphasizing the responsibility of lawmakers to deliberate on the government's fiscal plan.
- Macklem expressed that the latest three inflation indicators showed a sustained downward trend, with the bank awaiting confirmation that this trend will persist to ensure the progress towards price stability is maintained.
Yen inches closer to intervention point as BOJ meeting starts: For the first time in over 30 years, the yen weakened beyond ¥155 per dollar ...
japantimes.co.jp/business/2024/04/25/markets/yen-falls-past-155/
Yen Approaches Intervention Point as BOJ Meeting Starts: Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to ...
bloomberg.com/news/articles/2024-04-25/yen-inches-closer-to-intervention-point-as-boj-meeting-starts
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Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Yen dives past 157 against dollar as BOJ stays put: TOKYO -- Japan's currency fell past 157 yen to the dollar on Friday as a sell-off quickened following ...
asia.nikkei.com/Business/Markets/Currencies/Yen-dives-past-157-against-dollar-as-BOJ-stays-put
Paid articlePaidQuick Glance: Yen declines to 156.80 during Ueda press conference
- The Japanese currency saw a significant decline below 156 to the dollar on Friday, following the Bank of Japan's decision to maintain its monetary policy, raising concerns of potential government intervention.
- During Bank of Japan Governor Kazuo Ueda's closely monitored press conference, the yen gradually fell to 156.81. The currency has been on a downward trend since the central bank's previous monetary policy meeting.
- Financial markets are on edge about potential government interventions as the yen continues to decrease and consumers become increasingly worried about imported inflation.
- Nikkei Asian Review, now rebranded as Nikkei Asia, is set to become the influential voice of the Asian Century.
Why a stronger dollar is dangerous: It sets the stage for a nasty new Trump-China clash, among other things
economist.com/finance-and-economics/2024/04/23/why-a-stronger-dollar-is-dangerous
Trudeau’s Ex-Finance Minister Criticizes Capital Gains Tax Hike: Prime Minister Justin Trudeau’s former finance minister said he rejected the idea of hiking the ...
bloomberg.com/news/articles/2024-04-17/trudeau-s-ex-finance-minister-criticizes-capital-gains-tax-hike
Paid articlePaid Live news: Yen weakens to ¥155 per dollar as US stocks edge higher
ft.com/content/df08445b-c568-4473-85f5-4d7efd2cfa6a
Rupee ticks up on foreign banks' dollar sales; forward premiums slip: The Indian rupee logged modest gains in early trading on Monday on dollar sales from ...
reuters.com/markets/currencies/rupee-ticks-up-foreign-banks-dollar-sales-forward-premiums-slip-2024-04-22/
Trudeau’s Housing Gambit Has Business Worried About Tax Hikes: Prime Minister Justin Trudeau’s government is set to unveil an ambitious budget aimed at fixing ...
bloomberg.com/news/articles/2024-04-15/trudeau-s-housing-gambit-has-business-worried-about-tax-hikes
Paid articlePaid Young Canadians Squeezed by Housing Turn Away From Trudeau: Prime Minister Justin Trudeau swept to power in 2015 with the help of younger Canadians captivated by ...
bloomberg.com/news/articles/2024-04-12/young-canadians-squeezed-by-housing-turn-away-from-trudeau
Paid articlePaid Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Honda, Toyota in Canada’s Sights With New EV Tax Incentive: Prime Minister Justin Trudeau is offering more tax breaks to automotive firms to put their electric ...
bloomberg.com/news/articles/2024-04-16/honda-toyota-in-canada-s-sights-with-new-ev-tax-incentive
Paid articlePaid Trudeau questions Poilievre’s judgment, says the Conservative Leader ‘will do anything to win’
theglobeandmail.com/politics/article-trudeau-questions-poilievres-judgment-says-the-conservative-leader/
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Ringgit drops toward 26-year low as Bank Negara pledges support: The ringgit slipped to 4.78 per US dollar, putting it within a whisker of its Feb 21 low of 4 ...
straitstimes.com/business/ringgit-drops-toward-26-year-low-as-bank-negara-pledges-support
Where king dollar is causing pain the most: A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers ...
reut.rs/4b6jIC7
Maverix’s Ruffolo Warns Trudeau of Capital Flight After Tax Hike: A prominent Canadian technology investor joined the chorus of Canadian businesses criticizing ...
bloomberg.com/news/articles/2024-04-23/maverix-s-ruffolo-warns-trudeau-of-capital-flight-after-tax-hike
Paid articlePaid Japan's yen sinks to fresh 34-year low against dollar: TOKYO -- The yen dropped to the mid-154 range against the dollar on Monday, touching the lowest level ...
asia.nikkei.com/Business/Markets/Currencies/Japan-s-yen-sinks-to-fresh-34-year-low-against-dollar
Paid articlePaid Take Five: Dancing to the dollar's beat: Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-19/
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says: Stablecoin Tether's recent growth is being driven by its use as an alternative ...
reuters.com/technology/stablecoin-tether-gets-boost-dollar-alternative-emerging-markets-ceo-says-2024-04-19/
Yen drops beyond ¥157 per dollar as BOJ keeps key rate unchanged: Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157 ...
japantimes.co.jp/business/2024/04/27/markets/yen-dollar-157/
Vietnam surpasses India and Thailand and now becomes biggest rice supplier for Singapore
thestar.com.my/aseanplus/aseanplus-news/2024/04/20/vietnam-surpasses-india-and-thailand-and-now-becomes-biggest-rice-supplier-for-singapore
'They can buy up to $5,000 at one go': Some money changers run out of Korean won after it falls to new low against Singapore dollar
asiaone.com/singapore/they-can-buy-5000-one-go-some-money-changers-run-out-korean-won-after-it-falls-new-low
Rupee ends at record closing low on risk-off, broad dollar rally
reuters.com/markets/currencies/rupee-ends-record-closing-low-risk-off-broad-dollar-rally-2024-04-16/
Canada spies under pressure over foreign meddling reports: OTTAWA: Canada’s spy agency is under pressure after Justin Trudeau and his closest advisers say they ...
thenews.com.pk/print/1177841-canada-spies-under-pressure-over-foreign-meddling-reports
Ukraine minister detained over suspected corruption: Prosecutors: Ukraine’s Agriculture Minister Mykola Solsky was detained after being named a formal suspect in ...
english.alarabiya.net/News/world/2024/04/26/ukraine-minister-detained-over-suspected-corruption-prosecutors-
Gold is back — and it has a message for us: The precious metal’s surge may herald a whole new world
ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
China tried to meddle but Canadians decided the last two elections, says PM Trudeau
reut.rs/49NfyOJ
Quick Glance: Alleged Chinese Interference in Canadian Elections: Trudeau Confirms Independence
- Canada's Prime Minister Justin Trudeau reported to an official inquiry that China attempted to intervene in the last two Canadian elections, but the outcomes were unaffected, and it was deemed 'improbable' that Beijing favored a specific party.
- Under pressure from opposition lawmakers dissatisfied with media reports on China's potential involvement in the elections, Trudeau established the commission.
- Erin O'Toole, who led the main opposition Conservative party during the 2021 campaign, estimated that Chinese interventions may have cost his party up to nine seats but did not alter the election's course. Trudeau's Liberal Party emerged victorious in both instances.
- Canada's domestic intelligence agency informed the commission of China's 'clandestine and deceptive' interference in both elections, marking the most substantial evidence thus far of suspected Chinese meddling in Canadian politics.
Ringgit opens easier vs US$ amid Middle East conflict: KUALA LUMPUR: The ringgit opened slightly lower against the US dollar on Monday as the greenback’s appeal ...
thestar.com.my/business/business-news/2024/04/15/ringgit-opens-easier-vs-us-amid-middle-east-conflict
Editorial: Want to move to Canada? Think carefully, Americans.: Canadian Prime Minister Justin Trudeau, once a Kennedy-esque figure, now is reeling from anemic ...
chicagotribune.com/2024/04/26/editorial-canada-american-exodus-election/
Why oil pump prices are expected to drop in new review today: The Energy and Petroleum Regulatory Authority will today release the monthly pricing schedule to ...
nation.africa/kenya/business/why-oil-pump-prices-are-expected-to-drop-in-new-review--4589734
PHOTOS: Studio 54: Inside the world’s most famous celebrity nightclub: What really happened inside the world's most famous nightclub, Studio 54 ...
nydailynews.com/2023/04/25/studio-54-inside-the-worlds-most-famous-celebrity-nightclub/
Trudeau says Saskatchewan’s premier shouldn’t pick fight with CRA: Scott Moe has pledged the province will not send Ottawa the money it collects from the federal ...
theglobeandmail.com/politics/article-trudeau-says-saskatchewan-premier-shouldnt-pick-fight-with-cra/
Trudeau announces $5-billion loan guarantee program for Indigenous communities : The Prime Minister says the program will help Indigenous peoples receive a fair ...
theglobeandmail.com/politics/article-trudeau-announces-5-billion-loan-guarantee-program-for-indigenous/
Short bets on Asian currencies mount as firm dollar dents confidence, Reuters poll finds
reut.rs/3xEo0Cv
Risk sensitive South African rand weakens as geopolitical tensions bite: South Africa's rand weakened in volatile trading early on Friday, as reports of an ...
reuters.com/markets/risk-sensitive-south-african-rand-weakens-geopolitical-tensions-bite-2024-04-19/
Developers to Get Cheap Land Leases in Canadian Homebuilding Push: Prime Minister Justin Trudeau’s government will provide low-cost leases of public land to ...
bloomberg.com/news/articles/2024-04-12/developers-to-get-cheap-land-leases-in-canadian-homebuilding-push
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Trudeau won't comment on future of TikTok in U.S., says Canadian safety a priority
ctvnews.ca/politics/trudeau-won-t-comment-on-future-of-tiktok-in-u-s-says-canadian-safety-a-priority-1.6860236
At $1.41m, maisonette in Toh Yi Drive breaks estate and executive records for the third time
asiaone.com/money/141m-maisonette-toh-yi-drive-breaks-estate-and-executive-records-third-time
Canada to lease government land in plan to add millions of homes: Canada plans to ease a housing shortage by leasing public land to developers for construction ...
reuters.com/world/americas/canada-hit-by-housing-crisis-unveils-plan-build-millions-homes-2024-04-12/
Quick Glance: Canada's Ambitious Housing Plan to Address Crisis
- Canada plans to build nearly 3.9 million houses by 2031 under a new federal initiative to tackle the housing crisis.
- The plan, falling short by almost a third compared to projections, is expected to dominate the upcoming federal budget.
- With no direct role in construction, Ottawa must rely on policy measures and funding to ensure partners respond to the housing shortage.
- The measures include proposals to extend low-cost loans, utilize federal land for rapid house construction, and combat mortgage fraud inflating housing costs.
Canada's auto sector faces an EV renaissance, but local job protection is a concern
ctvnews.ca/politics/canada-s-auto-sector-faces-an-ev-renaissance-but-local-job-protection-is-a-concern-1.6861909
Trudeau, Poilievre trade attacks over the federal budget: Prime Minister and Conservative Leader accuse each other of supporting the wealthy at Canadians’ ...
theglobeandmail.com/politics/article-trudeau-tries-to-win-back-voters-by-painting-poilievre-as-supporter-of/
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Canada bet big on immigration. Now it’s hitting the brakes.: A “massive spike” in temporary immigrants has exceeded what Canada has been able to absorb ...
washingtonpost.com/world/2024/04/23/canada-immigration-international-students/
Ringgit turns soft against US$ as volatility rises: KUALA LUMPUR: The ringgit traded lower against the US dollar in early trade on Monday amid the ongoing Middle ...
thestar.com.my/business/business-news/2024/04/22/ringgit-turns-soft-against-us-as-volatility-rises
Sterling dips as investors book profits on scorching rally: The pound eased on Wednesday, surrendering some gains from its biggest one-day rally in four months ...
reuters.com/markets/currencies/sterling-dips-investors-book-profits-scorching-rally-2024-04-24/
Morning bid: Red hot retail readout drives US economy and dollar: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-16/
Trudeau government urged to walk the talk on Canada's climate policies: Canada's federal budget on Tuesday unveiled few emissions-cutting policies ...
reuters.com/world/americas/trudeau-government-urged-walk-talk-canadas-climate-policies-2024-04-17/
Short bets on Asian currencies mount as firm dollar dents confidence, Reuters poll finds
reuters.com/markets/currencies/short-bets-asian-currencies-mount-firm-dollar-dents-confidence-2024-04-18/
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
ctvnews.ca/politics/sophie-gregoire-trudeau-on-navigating-post-political-life-co-parenting-and-freedom-1.6863065
Chrystia Freeland presents Trudeau government’s annual budget today: The federal government will table its annual budget on Tuesday, after Prime Minister Justin ...
trib.al/0TWRrrr
Billion-dollar money laundering case: Suspect to plead guilty as he faces new charge of using criminal proceeds to buy S$332,280 car
channelnewsasia.com/singapore/billion-dollar-money-laundering-case-suspect-su-baolin-pleads-guilty-using-criminal-proceeds-buy-car-4290906
Pound falls to lowest since December as dollar stays strong: The pound dropped to a four-month low against the dollar on Thursday, still under pressure after the ...
reuters.com/markets/currencies/pound-falls-lowest-since-december-dollar-stays-strong-2024-04-11/
Soaring won-dollar exchange brings both positives, negatives: The strengthening of the U.S. dollar against the Korean currency — nearing the 1 ...
koreatimes.co.kr/www/biz/2024/04/175_373213.html
'Tremendous' currency pressure tests Asia bond investors: HONG KONG -- The U.S. dollar's strength and bets that the Federal Reserve will delay interest rate ...
asia.nikkei.com/Business/Markets/Bonds/Tremendous-currency-pressure-tests-Asia-bond-investors
Paid articlePaid Strong dollar poses question over timing of Japan intervention: TOKYO -- The resilience of the U.S. economy is raising uncertainty over whether Japanese monetary ...
asia.nikkei.com/Business/Markets/Currencies/Strong-dollar-poses-question-over-timing-of-Japan-intervention
Paid articlePaid TD Courts Foreign Students Amid Canada’s Cap on Study Permits: Toronto-Dominion Bank still sees foreign students as an important source of growth even as Prime ...
bloomberg.com/news/articles/2024-04-24/td-courts-foreign-students-amid-canada-s-cap-on-study-permits
Ringgit ends easier versus US dollar on higher-than-expected US inflation data: KUALA LUMPUR: The ringgit ended easier against the US dollar on Friday as the ...
thestar.com.my/business/business-news/2024/04/12/ringgit-ends-easier-versus-us-dollar-on-higher-than-expected-us-inflation-data
From Indonesia to Japan, dollar's rising strength raises global alarm: TOKYO -- Countries across the globe are becoming increasingly wary of the growing ...
asia.nikkei.com/Economy/From-Indonesia-to-Japan-dollar-s-rising-strength-raises-global-alarm
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Asian shares extend gains ahead of tech earnings, yen fragile - Markets - The Jakarta Post
thejakartapost.com/business/2024/04/23/asian-shares-extend-gains-ahead-of-tech-earnings-yen-fragile.html
Justin Trudeau is beset by a divided party and an angry electorate: After almost a decade in power, Canada’s prime minister looks beleaguered
economist.com/the-americas/2024/04/04/justin-trudeau-is-beset-by-a-divided-party-and-an-angry-electorate
Asian emerging market currencies come under pressure from strong dollar: Indonesia’s central bank supports rupiah as Indian rupee falls to record and Korean won ...
ft.com/content/3a985f06-35b5-4a56-91eb-4595fc71b0ad
Trudeau calls on institutions to learn from Air Canada mishandling of First Nations headdress
theglobeandmail.com/politics/article-trudeau-calls-on-institutions-to-learn-from-air-canada-mishandling-of/
Japan’s Finance Minister Warns on Yen Ahead of IMF-G7 Meetings: Japan’s finance minister warned that he’s ready to take all available measures in the foreign ...
bloomberg.com/news/articles/2024-04-16/japan-s-finance-minister-warns-on-yen-ahead-of-imf-g7-meetings
Paid articlePaid Yen tumbles past 158 against dollar on stubborn U.S. inflation : TOKYO/NEW YORK -- Japan's currency fell past 158 yen to the dollar on Friday in a ...
asia.nikkei.com/Business/Markets/Currencies/Yen-tumbles-past-158-against-dollar-on-stubborn-U.S.-inflation
Paid articlePaid Japan's Expo 2025: Osaka triumph or billion-dollar folly?: OSAKA -- Japan's World Expo: A chance to showcase the technological and manufacturing prowess of ...
asia.nikkei.com/Spotlight/Asia-Insight/Japan-s-Expo-2025-Osaka-triumph-or-billion-dollar-folly
Paid articlePaid In praise of Peter Higgs : The particle named after him became a selling point. For the man, it was a bit of a pain
economist.com/leaders/2024/04/11/in-praise-of-peter-higgs
Canada spies found China interfered in last two elections, probe hears: OTTAWA (Reuters) -- Canada's domestic spy agency concluded that China interfered in ...
asia.nikkei.com/Politics/International-relations/Canada-spies-found-China-interfered-in-last-two-elections-probe-hears
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The cost of being: A single parent with dreams of building generational wealth: 'I feel tight with everything at the moment, every dollar feels scrutinised ...
thespinoff.co.nz/society/09-04-2024/the-cost-of-being-a-single-parent-with-dreams-of-building-generational-wealth
Canada announces more sanctions on Belarus as opposition leader visits Ottawa: The Liberals announced the latest round of sanctions on Belarus as Trudeau ...
theglobeandmail.com/politics/article-canada-announces-more-sanctions-on-belarus-as-opposition-leader-visits/
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Formula E shows way ahead for racing as F1’s net zero deadline nears: Formula One is a sporting empire complete with rock star drivers, billion-dollar teams and ...
dailymaverick.co.za/article/2024-04-17-formula-e-shows-way-ahead-for-racing-as-f1s-net-zero-deadline-nears/
New initiative aims to help Kampong Chai Chee residents stretch their dollar: The scheme taps the power of kampong spirit to help residents cope with rising ...
straitstimes.com/singapore/new-initiative-aims-to-help-kampong-chai-chee-residents-stretch-their-dollar-amid-rising-living-costs
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