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What interest rate hike means for mortgage holders, home hunters – Business News

Photo: The Canadian Press Governor of the Bank of Canada Tiff Macklem. The Bank of Canada hiked its key interest rate Wednesday by a quarter percentage point, bringing the rate to 4.75 per cent — the highest it’s been since April 2001. The hike was aimed at quelling inflation, which proved stubborn, not moving down

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Real or AI? Europe seeks label as it fights disinformation – Business News

Photo: The Canadian Press The European Union is pushing online platforms like Google and Meta to step up the fight against false information by adding labels to text, photos and other content generated by artificial intelligence, a top official said Monday. EU Commission Vice President Vera Jourova said the ability of a new generation of

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Google, Meta executives push back against Canada online news bill

[1/2] A Google logo is displayed at the entrance to the internet based company’s offices in Toronto, Ontario, Canada September 9, 2018. REUTERS/Chris Helgren TORONTO, May 3 (Reuters) – Google and Meta would withdraw access to news articles in Canada if legislation compelling internet companies to pay news publishers is passed, company executives told Canadian

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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

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US inflation rate cools to 4.9% but consumer prices are still stubbornly high

Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, suggesting that rising costs could persist for months to come. Prices rose 0.4 per cent from March to April, the government said Wednesday, up from 0.1 per cent from February to March. Compared with a year earlier, prices

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Consumer insolvency spiked to highest level since 2019

Consumer insolvencies have risen to their highest level since 2019, new numbers showed Wednesday, in a troubling sign that Canadians are having trouble staying on top of their debt load. Data released from the Office of the Superintendent of Bankruptcies on Wednesday showed that 11,768 people filed insolvency paperwork in March. That’s the highest single

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