Oct 28 (Reuters) - Google parent Alphabet reported disappointing results in the core business of search advertising and a massive acceleration in cash burn as it poured resources into building out AI.
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FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario October 28, 2026 Share this page on Facebook Share this page on X Share this page on LinkedIn Share this page by email The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. Since the July Monetary Policy Report, global economic activity has remained resilient, despite higher energy prices. In the United States, the economy continues to grow at a robust pace, supported by consumer spending and AI-related investment. Growth in the euro area has been resilient and broad-based. After slowing in the second quarter, Chinese growth rebounded in the third quarter, owing to strength in exports and a pickup in fiscal spending. With persistently elevated oil prices and refinery margins, inflation has risen in most countries. Given the ongoing re
John Healey delivers his first U.K. Budget with less fiscal room, higher spending pressures and bond investors pushing for less borrowing and more growth.
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