Here are five things you need to know this morning.
The Bank of Canada building is pictured in Ottawa on September 6, 2011. There may not be a lot of intrigue around what the Bank of Canada is going to announce this morning but it will be nonetheless interesting to parse the central bank’s policy statement and listen attentively to their accompanying press conference to try to glean just how far along we are in the current cutting cycle. A 25-point cut of the benchmark rate to 4.
, losing US$279 billion in value in a single trading day. That’s a worse day in market cap terms than any other U.S. company has seen, ever. The catalyst seems to have been analysts at J. P. Morgan and BlackRock singing from the same songbook, warning that the hype over artificial intelligence has gotten so great that the financial payoff can’t possibly live up to it, at least in the short term.
. Couche-Tard is reportedly seeking help from big Canadian pension plans to get the financial muscle it will need to finance the multi-billion-dollar takeover.
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