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Bank of Canada raises interest rate as inflation projected to worsen (www.ctvnews.ca)
submitted 1 week ago by to c/canada@lemmy.ca
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OTTAWA — OTTAWA - The Bank of Canada raised its policy interest rate by 25 basis points to 2.5 per cent. It’s the first hike since July 2023. The central bank wants to control inflation by reducing the risk that high fuel prices could spill over and seep into the overall economy.

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[–] 1 point 1 week ago

in the coming months, when OpenAI, Anthropic, or any other smaller player needs to pay $billions to a supplier or default, and they can’t raise more capital, they instantly go bankrupt.

and those companies have no assets. They are worthless.

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