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Chris Mason: The Budget is imminent as tricky things pile up for Burnham

There are several issues on the horizon for the prime minister This feels like the week where the rubber hits the road for the Prime Minister's new government. It is now 100 days since Andy Burnham arrived in Downing Street from Buckingham Palace and began to assemble his cabinet. Three months later, Labour MPs are more chipper, the party's poll ratings have notched up and the tone and style of government feels very different from when Sir Keir Starmer was in charge. Coming next, though, there are a whole series of crunchy decisions and trade offs – economic and political – some of which are inevitable and some of which Burnham has decided to lean into. You would be forgiven for only just clocking there is a Budget this week. But woe betide suggesting to anyone involved in assembling this Budget that it is a steady-as-she-goes, nothing-to-see-here thing. Every Budget is a big deal, goes…

1,398 words2 outlets
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Bank of Canada Now Expected to Hike Key Rate as It Faces ‘Pivotal Decision’

Expectations are rising that the Bank of Canada will indeed raise its benchmark interest rate this week as it considers the effect of higher energy prices on the economy. Financial market odds for a rate hike were just over 83 percent as of Monday afternoon, according to LSEG Data & Analytics. The central bank’s planned interest rate announcement on Wednesday will also include an updated monetary policy report. The Bank of Canada has held its policy rate at 2.25 percent for seven consecutive meetings. RBC economists said in a note to clients Thursday that they are now expecting a quarter-point hike as the central bank faces a “pivotal decision amid evolving economic conditions.” Last week, Statistics Canada reported the annual inflation rate rose to 3.1 percent in September as the war in the Middle East continued to drive up gasoline prices. Excluding gasoline, the consumer price index…

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US, Canada ‘very close’ to tariff deal: WH

The US and Canada are “very close” to settling their tariff standoff, according to the White House. “The negotiations have picked up; they’re gathering steam,” said Kevin Hassett, director of the White House National Economic Council, to Fox News’ “The Sunday Briefing.” President Trump had slapped a roughly 50% tariff on about $20 billion in Canadian goods such as beer, cheese and electronics in late August after negotiations between the countries broke down. Canada then retaliated in kind. “The Canadian election that just happened, including Alberta separating, made it so that it was essentially impossible to negotiate with the Canadians,” Hassett explained. But “I think it’s very close to finally having a deal on that,” he added. The trade war with Canada has rocked key US Senate races, including in Michigan and Maine during the run-up to the Nov. 3 midterms. Trump has since announced…

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Regional trade deficit widens sharply

ISLAMABAD: Pakistan’s trade deficit with nine neighbouring countries widened by 26.62 per cent to $4.97 billion during the first quarter of 2026-27 compared to $3.93bn in the corresponding period last year. The widening gap…

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More in Tariffs and Trade

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…

1,223 words5 outlets
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