EUR/USD
1.15574
-0.328%
Gold
4312.86
-0.818%
Oil
97.161
0.043%
USD/JPY
154.210
0.343%
GBP/USD
1.35111
-0.110%
GBP/JPY
208.359
0.232%
Real-time News
On September 15th, RBC Chief Economist Francis Donald and his team stated that despite ongoing uncertainty surrounding US-Canada trade, they remain cautiously optimistic about the Canadian economic outlook. Donald predicts that the Canadian economy will grow at a rate below 2% this year and next. However, she believes that with stagnant population growth, the Canadian economy is actually performing stronger on a per capita basis. The resource-rich western provinces are becoming the main drivers of economic growth. Due to concerns about rising energy prices and improving economic conditions, RBC expects the Bank of Canada to raise interest rates four times next year, bringing the policy rate to 3.25%. However, the risk that the first rate hike may not occur until later in 2026 is increasing.On September 15th, according to a European Commission document, the EU will propose a restriction banning children under 15 from using social media, video-sharing platforms, AI chatbots, and online games. This will be the most comprehensive plan the EU has proposed to date to protect children from online risks. This EU proposal is part of the "EU Kids Act," and European Commission President Ursula von der Leyen and EU technology chief Henna Verkunin will announce the plan on Thursday. Von der Leyen may reveal some details in her annual EU policy speech on Wednesday. The document states: "The EUs approach should allow minors to enjoy the enormous potential of digital services while preventing them from being abused and commercialized online. It is necessary to limit the ability of technology companies to access and influence children, rather than the other way around, limiting the children themselves." The European Commissions proposal will also cover video game platforms and allow for phased access restrictions on different services based on age. Furthermore, the obligations imposed on businesses will depend on the type of service and the childs age.French Foreign Minister Barro: Russias attack on the railway near the Ukrainian-Polish border is unacceptable; the targeted train was only a few hundred meters from the EU and NATO borders. This move is intended to deter us. But as a united nation, Europeans are invincible. Finland and Sweden joining NATO is proof of this.Bernd Lange, Chair of the European Parliaments Committee on International Trade: The EU and Canada should form a "team of fairness and partnership" to counter the international order model increasingly influenced by pressure, dependency, and the rule of power. We should promote this idea to countries that seek reliable partnerships, rather than dependency and political pressure.According to Al Jazeera: Israel launched an airstrike on Mansouri in the Tyre region of southern Lebanon.
