Meet the world’s top AI-pilled economists

Open this photo in gallery:Canada has many opportunities to deliver its energy and resources to Asian markets, but it needs to boost its presence in the region to improve business relationships with potential customers, professor Kazuto Suzuki says. Amir Salehi/The Globe and MailPrime Minister Mark Carney should spend more time in Asia if Canada wants to secure energy trade deals with the region, says prominent Tokyo-based academic Kazuto Suzuki. Canada’s tumultuous trade relationship with the United States under President Donald Trump has led Mr. Carney to court closer ties with Europe. Last month, European Commission President Ursula von der Leyen called on Canada to become the European Union’s first “associate member.” In response, Mr. Carney pitched a new alliance between Canada and the bloc, who will meet in Montreal later this month. Dr. Suzuki, a professor at the University of Tokyo’s Graduate School of Public Policy and a member of the government’s Council for Japan’s Growth Strategy, said he understands why trade spats with the U. S. are pushing Mr. Carney closer to the EU. “If being an associate member opens the door for the EU, then probably that’s the right strategy.

The launch comes as Zerohash’s bid for a federal trust charter is still pending after its first application was returned.

Open this photo in gallery:Stelco's steel production facility in Hamilton is seen from across the harbour in Burlington, Ont. Ottawa has warned the steelmaker's U. S.-based owner, Cleveland-Cliffs, against laying off workers in Canada. Nick Iwanyshyn/The Canadian PressCleveland-Cliffs Inc. CLF-N chief executive Lourenco Goncalves on Monday criticized Prime Minister Mark Carney for “snatching defeat from the jaws of victory” in trade, and he extended “kudos” to U. S. President Donald Trump for a job well done, as the U. S. steelmaker remains locked in conflict with Ottawa over hundreds of layoffs in Canada. On Sept. 28, Stelco Inc. announced that it was laying off up to 500 workers in Hamilton and Nanticoke, Ont. By proceeding with layoffs, the federal government says Cliffs has breached legally binding job commitments when it acquired Stelco in 2024, including maintaining at least the same number of unionized employees in Canada for five years. Industry Minister Mélanie Joly has repeatedly warned Cliffs that if it doesn’t comply it could be sued, or possibly forced to divest its Canadian operations.

AI-linked stocks bounced back on Monday after a bruising selloff last week, as lower Treasury yields and easing crude oil prices offered some relief, while neocloud firm CoreWeave surged following a rating upgrade. CoreWeave CRWV-Q jumped 3.4 per cent after losing more than a quarter of its value last week, when worries over the cloud-computing company’s US$50-billion debt load rippled across the AI sector. Goldman Sachs upgraded CoreWeave to “buy” from “neutral,” saying tight computing capacity and the company’s performance advantage over rival neocloud firms should lift annual recurring revenue per megawatt over the next two years. The brokerage said it viewed the recent pullback as a buying opportunity. The yield on CoreWeave’s bond maturing in 2031 fell 25 basis points to around 15 per cent, easing from more than 16 per cent last week, according to Tradeweb data. Neocloud rival Nebius Group NBIS-Q rose 4.5 per cent after losing more than 31 per cent over the past two weeks. Data-center operators Applied Digital APLD-Q and IREN IREN-Q climbed 9 per cent and 5.7 per cent, respectively.

Four in 10 home builders are cutting prices to boost demand, even as they face rising construction costs.

True financial wisdom requires stepping back from headline news to balance the genuine risks with your own long-term perspective.