Open this photo in gallery: A woman shops for vegetables at a Loblaws store in Toronto, on May 31, 2023.Ammar Bowaihl/The Globe and Mail You were force-fed 10 years’ worth of inflation in a short period of time – that’s why you feel your life is unaffordable right now. Last week’s interest rate cut by
The next generation of robo-advisers might veer into the world of short-term trading and stock-picking. A recent study by researchers from the University of Chicago has shown that AI, specifically large language models that have been trained on vast amounts of text and can generate natural-sounding responses, can analyze financial statements as well as, if
A second activist investor is targeting legal software provider Dye & Durham Ltd. The Toronto company said Monday it had received notice from Blacksheep Fund Management that the Irish hedge fund may nominate its chief investment officer to join D&D’s seven-person board at its next scheduled shareholder meeting Aug. 20. That meeting was called after
Open this photo in gallery: Homes under construction in an Ottawa suburb on Oct. 15, 2021.Adrian Wyld/The Canadian Press The state of Canadian housing affordability has long been an acute issue, but government policy attempts to ease the pressure haven’t always made good sense. That’s why we were pleasantly surprised to see the federal government
Open this photo in gallery: Representations of cryptocurrency Bitcoin in Paris on March 9.Benoit Tessier/Reuters Rob Csernyik is a 2022 Michener-Deacon fellow and a contributing columnist for The Globe and Mail. When Bitcoin hit an all-time high of nearly US$74,000 on March 14 – pushing the cryptocurrency market to a dizzying US$2.8-trillion – I was
Retailers wait until Boxing Day to slash prices. Not investment banks. Dealers that raise the money Corporate Canada needs to pay for takeovers have been selling stock at bargain-basement prices all year long to get deals done. Rising interest rates and economic uncertainty have upset what had been a sweet, decade-long run for Bay Street’s