Business Brief: Bonds. Government bonds. - The Globe and Mail

Open this photo in gallery:Founder and CEO Mike Intrator poses for a photo during the company's IPO at the Nasdaq headquarters in March, 2025. CoreWeave is a tenant in Bell Canada parent BCE Inc.’s planned AI data centre in Saskatchewan. Michael M. Santiago/Getty ImagesInvestor concerns about debt levels associated with the AI build-out are weighing on the shares of several companies in the sector and pushing bond yields related to those infrastructure projects to distressed levels. CoreWeave Inc. CRWV-Q, a specialized “neocloud” AI compute provider, is one of two anchor tenants for Bell Canada parent BCE Inc.’s BCE-T planned AI data centre in Saskatchewan. The company’s shares have been among the most affected this week, as investors signal unease about extensive AI-related development financed with debt. CoreWeave’s stock dropped by 15 per cent on the Nasdaq exchange on Wednesday before bouncing back up by nearly 6 per cent on Thursday, buoyed in the afternoon when the chief executive officer of Nvidia Corp. NVDA-Q, Jensen Huang, publicly signalled his support for the company. The chip giant has invested billions of dollars into AI and neocloud companies, including CoreWeave.

A rude awakening over the debt-fueled AI binge has sent investors rushing out of stocks and into government bonds, which now seem to be reclaiming their status as a safe haven and a hedge against equity and credit market wobbles. For much of the year, bonds have ⁠offered little ​protection as inflationary pressure pushed borrowing costs to multi-decade highs, leaving investors warily looking to hedge funds and other assets as alternatives. But on Wednesday, something strange happened: Treasuries and other government bonds rallied sharply, despite a hotter-than-expected US inflation report, which left chances of a US rate hike from the Federal Reserve this year on the table.

TorontoPublished: October 17, 2026 at 2:31p.m. EDTThe next Lotto Max draw is on Tuesday, Oct. 20, 2026. The largest lottery prize ever offered in Canada is still up for grabs after there were no winners for Friday’s Lotto Max draw. The winning numbers were 01, 11, 13, 36, 41, 43, 51. The next draw for the $90 million Lotto Max will take place on Tuesday, Oct. 20. The jackpot is unchanged, as $90 million is the cap. While no one claimed the jackpot on Friday, the Ontario Lottery and Gaming Corporation said four Maxmillion tickets worth $1 million each were sold in Ontario. Fourteen other tickets won $100,000 each, including seven in the Greater Toronto Area. Tuesday’s draw will also feature 20 Maxmillions prizes worth $1 million each and at least 90 Maxplus prizes worth $100,000 each. How to set CP24 as your preferred source on GoogleHow to set CTV News as your preferred source on Google

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