A First Nation community is using a data centre to preserve its heritage

Published: October 21, 2026 at 7:09a.m. EDTAnthropic’s net loss widened sharply to US$80.7 billion in the first half of this year, in large part due to a rise in the fair value of bonds convertible into shares of the AI startup, according to a draft prospectus for a planned initial public offering that was reviewed by Reuters. The San Francisco-based company is expected to go public in November and some investors are now weighing a lower valuation of around $1.5 trillion following its latest financial disclosures, Reuters reported last week. Its first-half loss, widening from a loss of $13 billion a year earlier, included a $72 billion accounting charge reflecting an increase in the estimated value of bonds that could eventually convert into Anthropic shares, rather than cash costs tied to its operations, the document said. The disclosures underscore the hefty costs of the AI race even as investors give greater scrutiny to whether the vast sums being poured into chips and data centers will generate sufficient returns. Anthropic has committed to spending at least $518 billion over a decade on cloud services, computing and infrastructure.

Published: October 21, 2026 at 6:24a.m. EDTHONG KONG — Senior Pacific Rim finance officials say global economic imbalances are bringing persistent risks and have pledged to improve co-operation and communication. In a joint statement after two days of meetings in Hong Kong, the finance leaders of the Asia-Pacific Economic Cooperation forum emphasized Wednesday that rebalancing of trade is their common interest. However, they did not elaborate on specific measures to be taken. The meetings, in preparation for an APEC summit next month in the nearby Chinese city of Shenzhen, come at a time when global policymakers are highlighting the need to rebalance trade with China. Its trade surplus this year is expected to exceed 2025’s record US$1.2 trillion. The officials also pointed to risks from geopolitical tensions and vulnerable supply chains. “We note that global imbalances have persisted, creating risks to growth and stability,” the statement said. APEC’s 21 member economies include China, the U. S., Japan, South Korea, Canada and Australia, among other Pacific Rim countries. U. S.

Published: October 21, 2026 at 6:11a.m. EDTWorld shares were mostly higher on Wednesday following a broad rally on Wall Street. Germany’s DAX rose 0.5 per cent to 25,423.64 and the CAC 40 in Paris added 0.5 per cent to 7,880.90. Britain’s FTSE 100 edged 0.1 per cent higher, to 10,743.65. U. S. futures were mixed, with the contract for the S&P 500 up 0.1 per cent, while that for the Dow Jones Industrial Average slipped 0.1 per cent. In Asian trading, the Kospi in Seoul gained 3.3 per cent to 5,735.66. South Korean AI company Elice, whose 32 per cent drop Tuesday in its first day of trading spooked markets, rebounded on Wednesday, hitting the upward limit of 29.9 per cent. Tokyo’s Nikkei 225 rose 0.9 per cent to 64,621.24 after Japan reported that its exports jumped 16.7 per cent in September from a year earlier, on strong sales of autos and computer-related components. Imports surged 18.9 per cent, largely thanks to higher prices for oil due to the Iran war, nearly doubling Japan’s trade deficit for the same month a year earlier. “Robust AI demand should continue to support tech-related goods exports.

Published: October 21, 2026 at 5:00a.m. EDTHousing prices in Canada climbed faster than those in most developed countries, more than doubling since 2005, according to a new report. Research shared by the Canada Mortgage and Housing Corporation (CMHC) on Tuesday looked into the country’s house prices and compared trends with other countries. “Canada’s housing challenge isn’t just that home prices rose. It’s that demand grew faster than supply for longer than in many comparable countries,” Aled ab Iorwerth, deputy chief economist for the Crown corporation, said in a news release Tuesday. “Understanding why that happened can help identify the changes needed to improve affordability.”How to set CTV News as your preferred source on GoogleCMHC looked into potential factors behind the elevated prices. Among its key findings, it determined that record population growth has “far outpaced new construction.” According to researchers, nearly five new residents were added for each “housing completion” in 2023 and 2024.

Published: October 21, 2026 at 5:00a.m. EDTHousing prices in Canada climbed faster than those in most developed countries, more than doubling since 2005, according to a new report. Research shared by the Canada Mortgage and Housing Corporation (CMHC) on Tuesday looked into the country’s house prices and compared trends with other countries. “Canada’s housing challenge isn’t just that home prices rose. It’s that demand grew faster than supply for longer than in many comparable countries,” Aled ab Iorwerth, deputy chief economist for the Crown corporation, said in a news release Tuesday. “Understanding why that happened can help identify the changes needed to improve affordability.”How to set CTV News as your preferred source on GoogleCMHC looked into potential factors behind the elevated prices. Among its key findings, it determined that record population growth has “far outpaced new construction.” According to researchers, nearly five new residents were added for each “housing completion” in 2023 and 2024.

SpaceX reported blowout third-quarter financial results on Tuesday. Here's why the Street is getting more bullish on the stock.