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standard.co.uk

What is the state of the UK economy heading into the Budget?

The Chancellor is facing an uncertain economic backdrop ahead of his first Budget in the role, amid a challenging remit to balance the country’s finances while supporting Britons facing cost-of-living pressures. On Wednesday, John Healey is expected to reveal plans for a number of cost-of-living measures, alongside moves to increase taxes for banks and gambling firms. The Budget comes on the back of another year of economic upheaval, particularly linked to the ongoing conflict in the Middle East. Global economic data, from bodies including the Organisation for Economic Co-operation and Development (OECD) and the International Monetary Fund (IMF), has however suggested that the UK has been relatively resilient so far but could see weaker growth and higher inflation looking forward. The Office for National Statistics (ONS) revealed a raft of data in recent days shedding light on the…

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toronto.citynews.ca

American steel — not overseas dumping — dominates Canadian imports, trade data shows

CITYVOTE 2026: Live election coverage By Brett Bundale, The Canadian Press Posted October 27, 2026 4:00 am. Federal trade figures show American steel makes up more than half of Canada’s imports of galvanized and coated steel, complicating Cleveland-Cliffs’ argument that an influx of cheap overseas steel is one of the top causes of Stelco layoffs. Global Affairs Canada steel import data shows that 54.1 per cent of the country’s 625,726 tonnes of galvanized and coated steel sheet imports during the first nine months of 2026 came from the United States. Stelco owner Cleveland-Cliffs has blamed the idling of its Hamilton, Ont., steel plant partly on what it describes as dumped overseas steel imports in Canada, arguing that Ottawa’s trade protections have failed to create a viable market for Canadian producers. Colin Mang, assistant professor of economics at McMaster University, says the…

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Tariffs and Trade

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toronto.citynews.ca

Free labour movement not something Canada and EU considering in new pact: ambassador

CITYVOTE 2026: Live election coverage By David Baxter and Emilie Bergeron, The Canadian Press Posted October 27, 2026 4:00 am. OTTAWA — Negotiations toward a new transatlantic pact between Canada and the European Union don’t include discussions for a full-scale free labour movement, but something more focused, Canada’s EU ambassador said ahead of the Canada-EU summit later this week in Montreal. Canada and the EU are expected to use the summit to announce a new agreement that could touch on a number of issues including labour, critical minerals and energy. Jonathan Wilkinson, who took the Canadian ambassadorship in Brussels earlier this year after spending more than five years in the Liberal cabinet, told The Canadian Press in an interview the labour discussions are focusing on “specialized areas” where employers from both places can benefit from access to a shared labour pool. He said…

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whio.com

AI investing survey 2026: 75% of investors use AI

In recent years, artificial intelligence (AI) has evolved from a fringe tool into a mainstream resource for everyday investors. A 2026 survey of 1,000 U.S. adults conducted by SoFi highlights how widely AI is used for investing. According to the survey, three out of four investors turn to AI for investing-related questions. Among investors using AI, 84% say they use AI tools weekly and 86% report they’ve made an investing decision based on AI-generated insights. These numbers paint a clear picture: AI is not merely a passive source of information — it is actively shaping investor behavior. What follows is an in-depth look at how investors use these tools, how much they trust and verify AI information, and key factors driving (and slowing) adoption. Together, these insights provide insight into the potential for AI to reshape modern investing. AI tools are broadly defined as environments…

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