Bank of Canada holds key interest rate at 5% again, saying it’s still too soon for rate cuts

The Bank of Canada has held its key interest rate at five per cent again, saying that it’s still too soon to consider rate cuts while underlying inflation persists. Economists were widely expecting the central bank to hold the rate. The bank said in a note on its website that it was still concerned about underlying inflation, which strips … Read more

U.S. economy grows more than expected at end of 2023, driven by consumer spending

The U.S. economy grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday’s report from the U.S. Commerce Department said the gross domestic product — the economy’s total output of goods … Read more

George Carlin AI comedy special is ‘ghoulish’ and ‘creepy,’ his daughter says

As It Happens6:44AI used to create comedy special of dead comedian George Carlin A new comedy special starts with the quote, “I’m sorry it took me so long to come out with new material, but I do have a pretty good excuse. I was dead.” The voice sounds like comedian George Carlin, but that would be … Read more