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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiversified banks are the place to be compared to the regionals, says Stephen BiggarStephen Biggar, Director of Financial Institutions Research at Argus Research, discusses his expectations for the bank earnings out today.
Persons: Stephen Biggar Stephen Biggar Organizations: Financial, Research, Argus Research
Cheap, second-hand, and purloined weapons comprised Hamas’ deadly makeshift arsenal that fueled a devastating, multi-pronged attack on Israel over the weekend. CNN analyzed dozens of photos and videos of Hamas militants during the surprise assault to identify the weapons used to kill at least 1,200 people in Israel. In previous battles with Israel, Hamas was known to have fired rockets made of old water pipes, the researcher noted. BulldozersPhoto-illustration: CNN/Mohammed Fayq Abu Mostafa/ReutersSeveral experts who spoke to CNN emphasized the ad hoc nature of the Hamas attack. In some videos, Hamas militants can be seen driving Israel Defense Forces (IDF) vehicles and using Israeli weapons that were likely taken during the initial fighting.
Persons: presumedly, , Mike Lyons, Lyons, , Oren Ziv, ” Lyons, John Spencer, toted, Stephen Biddle, “ It’s, they’re, Spencer, Saddam Hussein, “ They’re, Din, ” Ali Baraka, Frank McKenzie, Jack Guez, David Benson, ” Benson, Biddle, ” Spencer, Paragliders, Sean Elliott, ” Elliott, , Mohammed Fayq Abu Mostafa, Organizations: CNN, US State Department, US, Urban Warfare, Modern, Institute, ” AK, toted AK, Columbia University, Hamas ’ Telegram, AK, ” Rockets, Telegram Hamas, Israel’s, , Hamas, Hamas National Relations, US Central Command, Nova, Industry & Regulatory, Experimental Aircraft Association, Israel Defense Forces Locations: Israel, Iran, Gaza, Egypt, Soviet, West, Afghanistan, Iraq, Libya, British, Jihad, Lebanon, Russia, Kalashnikovs, Sderot, Kfar Aza, Beit Lahia, Palestinian, Spain
FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/File Photo/File Photo Acquire Licensing RightsNEW YORK, Oct 12 (Reuters) - Goldman Sachs (GS.N) appears headed to another set of weak quarterly earnings as deal-making lags and the bank retreats from a loss-making consumer business. Goldman is expected to report third-quarter earnings per share (EPS) of $5.31 when it reports results on Tuesday, according to average estimates compiled by LSEG. Goldman Sachs declined to comment ahead of its earnings. UBS on Wednesday cut its target price for Goldman Sachs to $382 a share from a previous target of $400.
Persons: Goldman Sachs, Brendan McDermid, Goldman, Stephen Biggar, David Solomon, Biggar, Brennan Hawken, Solomon, Saeed Azhar, Lananh Nguyen, Rod Nickel Organizations: New York Stock Exchange, REUTERS, LSEG, Argus Research Corp . Investment, Sixth Street Partners, Goldman, UBS, Arm Holdings, Reuters, Thomson Locations: New York City, U.S, Ukraine
Reuters reviewed a confidential draft of the 10-member Association of Southeast Asian Nations' (ASEAN) "guide to AI ethics and governance," whose content has not previously been reported. In contrast to the EU's AI Act, the ASEAN "AI guide" asks companies to take countries' cultural differences into consideration and doesn’t prescribe unacceptable risk categories, according to the current version reviewed. With almost 700 million people and over a thousand ethnic groups and cultures, Southeast Asian countries have widely divergent rules governing censorship, misinformation, public content and hate speech that would likely affect AI regulation. The ASEAN guide advises companies to put in place an AI risk assessment structure and AI governance training, but leaves specifics to companies and local regulators. EU officials and lawmakers told Reuters that the bloc would continue to hold talks with Southeast Asian states to align over broader principles.
Persons: Stephen Braim, Alexandra van Huffelen, Fanny Potkin, Supantha Mukherjee, Panu, Sam Holmes Organizations: Reuters, Association of Southeast Asian Nations, ASEAN Digital, Companies, IBM, Google, ASEAN, Technology, United States, NIST, U.S . Department of Commerce's National Institute of Standards, Meta, Southeast, EU, European Commission, Thomson Locations: SINGAPORE, STOCKHOLM, Thailand, United, Southeast Asia, Japan, South Korea, Brussels, Singapore, Stockholm, Bangkok
Microsoft said the new tools will help eliminate the "time-consuming" process of searching through these sources one by one. He said consolidating disparate data will ultimately help health systems improve care and see more patients. "The current state of technology and Microsoft Fabric and Azure and generative AI, all of that, it's going to change the way we live. And it's probably one of the best shots that we have to solve some of the biggest problems we have within health care," he said. Zoom In Icon Arrows pointing outwards Microsoft's new patient timeline modelNew Azure AI health tools
Persons: Satya Nadella, Stephen Brashear, Arthur Health, Doug King, King Organizations: Getty, Microsoft, Deloitte, Northwestern Medicine, Arthur, CNBC Locations: Bellevue , Washington, Las Vegas, Northwestern
[1/3] Oct 6, 2023; Seattle, Washington, USA; OL Reign forward Megan Rapinoe (15) reacts after the game against Washington Spirit at Lumen Field. It was always the safest place," Rapinoe, 38, said of her time in Seattle. Rapinoe had already called time on her international career, wearing the U.S. crest for the last time last month in friendly against South Africa. Players from each side hugged Rapinoe as she stepped off the field to a roars from the crowd, which included her five-time Olympic basketball gold medallist fiance Sue Bird. Reporting by Amy Tennery in New York; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
Persons: Megan Rapinoe, Stephen Brashear, Lumen, Billie Jean King, Ken Griffey Jr, Ballon, it's, Rapinoe, Aubrey Kingsbury, Claudia Dickey, Dorian Bailey's, Trinity Rodman, Sue Bird, It's, Amy Tennery, Edwina Gibbs Organizations: Washington, USA, National Women's Soccer League, NFL's Seattle Seahawks, Seattle, South, Rapinoe, Players, Thomson Locations: Seattle , Washington, USA, Seattle, South Africa, Washington, New York
Florida and Texas laws regulating social media platforms are up for review by the Supreme Court. AdvertisementAdvertisementThe Supreme Court agreed Friday to decide whether state laws that seek to regulate Facebook, TikTok, X and other social media platforms violate the Constitution. While the details vary, both laws aim to prevent the social media companies from censoring users based on their viewpoints. AdvertisementAdvertisementSeparately, the high court also could consider a lower-court order limiting executive branch officials' communications with social media companies about controversial online posts. In dissent, Alito wrote, "Social media platforms have transformed the way people communicate with each other and obtain news."
Persons: , Donald Trump, Trump, John Roberts, Stephen Breyer, Sonia Sotomayor, Brett Kavanaugh, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Elena Kagan, Neil Gorsuch, Alito, Chris Marchese Organizations: Supreme, Service, Facebook, Republican Locations: Florida, Texas, Florida and Texas
WASHINGTON (AP) — The Supreme Court agreed Friday to decide whether state laws that seek to regulate Facebook, TikTok, X and other social media platforms violate the Constitution. The justices will review laws enacted by Republican-dominated legislatures and signed by Republican governors in Florida and Texas. While the details vary, both laws aim to prevent the social media companies from censoring users based on their viewpoints. Separately, the high court also could consider a lower-court order limiting executive branch officials’ communications with social media companies about controversial online posts. By a 5-4 vote, the justices kept the Texas law on hold while litigation over it continues.
Persons: Donald Trump, Trump, John Roberts, Stephen Breyer, Sonia Sotomayor, Brett Kavanaugh, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Elena Kagan, Neil Gorsuch, Alito, Chris Marchese Organizations: WASHINGTON, Supreme, Facebook, Republican, Locations: Florida and Texas, Texas
But the brand's sales are falling behind, and HanesBrands is considering selling Champion. Here's how Champion became popular among athletes, college students, and hip-hop artists. Champion is one of the oldest American sportswear brands, and it claims to have invented both the hoodie sweatshirt and the sports bra. Champion became popular among college students and athletesChampion sweatshirts are popular among college students. Hip-hop artists popularized sportswear brands like Champion.
Persons: Gen Zers, , Michael Jordan, Stephen Bratspies, HanesBrands, sweatshirts, Rick Friedman, Jean Baptiste Lacroix, Getty, athleisure, Brands, millennials, Davidson, Muhammad Ali, Kylie Jenner, Chance Organizations: Service, US, Getty, Knitting Mills Inc, Wentworth Military Academy, NBA, NFL, US Olympic, Getty Champion, juggernauts, Nike, Adidas, Reebok, Beastie Boys Locations: Mills, Rochester , New York, America, Target
CNN —Maddy Cusack, a midfielder in English soccer’s second division, died on Wednesday, according to her team Sheffield United. Sheffield United did not report a cause of death, but said that tributes and discussions on how to celebrate her life with suitable tributes are continuing. May you rest in peace Maddy.”Cusack made more than 100 appearances for Sheffield United over five seasons and also worked in the club’s marketing department, according to the team. She was the first player since Sheffield United entered the English Women’s Championship to reach the 100-game milestone. Sheffield United said in its statement that planning for a tribute to Cusack is ongoing.
Persons: CNN — Maddy Cusack, Stephen Bettis, Bramall Lane, Maddy, , , Richard, ” Cusack, Cusack, ” Sue Campbell, Maddy Cusack, “ Maddy Organizations: CNN, Sheffield United, Sheffield, Football, Super League, England, Birmingham City, Aston Villa, Nottingham Forest . Sheffield United Locations: English, Birmingham
Headline economic issues and benefits such as hourly pay, retirement benefits, cost-of-living adjustments, wage progression and work-life balance remain central to the discussions. Here's a general overview of where the union and companies stand on key issues. Wage tiers — putting autoworkers into distinct pay ranges or classifications — is a tricky, moving target. The companies and union have defined tiers differently during past negotiations as well as during the talks this year. UAW leaders are specifically concerned with vehicle production commitments at Stellantis, which has proposed closing, selling or consolidating 18 facilities.
Persons: Ryan Sullivan, Chris Sanders, Stone, Casey Miner, Kennedy R, Barbee, Stephen Brown, Sarah Rice, Shawn Fain, Mark Reuss, there's, wouldn't, GM Organizations: United Auto Workers, Jeep, Getty, DETROIT, Detroit, UAW, General Motors, Ford Motor, Union, Media, GM, Ford Locations: Toledo , Ohio, Michigan , Ohio, Missouri, Wells Fargo, Here's, Stellantis
Congressman Stephen Buyer arrives for his insider trading trial at the United States Courthouse in the Manhattan borough of New York City, U.S., March 8, 2023. Congressman Stephen Buyer was sentenced to 22 months in prison on Tuesday for trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc (TMUS.O) ahead of its $23 billion merger with Sprint. U.S. District Judge Richard Berman in New York sentenced Buyer, who was found guilty on four counts of securities fraud at a trial in March. Buyer took the stand at trial and denied trading on inside information. Buyer asked to be sentenced to home confinement, citing his service in Congress and the U.S. military.
Persons: Stephen Buyer, Brendan McDermid, Richard Berman, Buyer, Prosecutors, Jody Godoy, Deepa Babington Organizations: U.S, United, Courthouse, REUTERS, Mobile, Former U.S, Mobile US Inc, Sprint, District, New York, Republican, U.S . House, Navigant Consulting, Guidehouse, U.S ., Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, Former, New, Indiana, Congress, Southern District, Southern District of New York, New York
OTTAWA, Sept 19 (Reuters) - Canada is not trying to provoke India by suggesting it was linked to the murder of a Sikh separatist leader, but wants New Delhi to address the issue properly, Prime Minister Justin Trudeau said on Tuesday. "The prime minister hasn't provided any facts. We need to have the evidence that allowed the prime minister to come to the conclusions yesterday," Conservative Party leader Pierre Poilievre told reporters. [1/5]Canada's Prime Minister Justin Trudeau speaks during Question Period in the House of Commons, on Parliament Hill in Ottawa, Ontario, Canada September 19, 2023. New Delhi, which urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada.
Persons: Justin Trudeau, Trudeau, Hardeep Singh Nijjar, hasn't, Pierre Poilievre, Blair Gable, Balraj, Trudeau's, Mukhbir Singh, Stephen Brown, Singh, Nijjar, David Ljunggren, Steve Scherer, Susan Heavey, Jonathan Oatis, Marguerita Choy Organizations: Conservative, Ottawa, Conservative Party, Canada, U.S, Canada's, REUTERS, Canadian Broadcasting Corp, Indian, Sikh Organization of Canada, National Council of, State Department, Thomson Locations: OTTAWA, Canada, India, New Delhi, British Columbia, Canadian, Ottawa , Ontario, Ottawa, India's, Punjab, Pakistan, Australia, Britain
Just 3 out of the 9 Supreme Court Justices are liberals. Unless Democrats are willing to risk a 7-2 GOP-held Supreme Court, it might be time to consider retirement. However, Joe Biden should be far from the Democrats' biggest worry when it comes to age. It would be tremendously bad luck, but then again, anyone who thinks that Democrats have had good luck at the Supreme Court is delusional. The question is rather, what is the maximum level of acceptable risk of a 7-2 GOP-held Supreme Court?
Persons: Sonia Sotomayor, Elena Kagan, Joe Biden's, Joe Biden, Biden, Ketanji Brown Jackson, Stephen Breyer, Barack Obama, , Donald Trump, Ruth Bader Ginsberg, Roe, Wade, Biden's, They're, John Paul Stevens, Sandra Day O'Connor, it's Organizations: Service, Democrats, GOP, Republican, Democratic Senate Locations: Wall, Silicon, American, Phoenix , Arizona
Dodgers beat Mariners, lower magic number to 2
  + stars: | 2023-09-16 | by ( Field Level Media | ) www.reuters.com   time to read: +2 min
[1/37] Sep 15, 2023; Seattle, Washington, USA; Seattle Mariners starter George Kirby (68) delivers a pitch during the first inning against the Los Angeles Dodgers at T-Mobile Park. Mariners right-hander George Kirby (10-10) took the loss, giving up four runs on five hits over six innings, with two walks and seven strikeouts. The Mariners opened the scoring on Suarez's solo shot down the left field line with one out in the bottom of the fourth. Teoscar Hernandez lined a single to left to score Rodriguez and send Raleigh to third. The Dodgers added a run in the eighth after Freddie Freeman was hit by a pitch to start the inning.
Persons: George Kirby, Stephen Brashear, Miguel Rojas, Martinez, James Outman, Eugenio Suarez, Bobby Miller, Evan Phillips, Jason Heyward, Rojas, Will Smith, Max Muncy's, Julio Rodriguez, Teoscar Hernandez, Rodriguez, Suarez, Freddie Freeman, Freeman, Raleigh's Organizations: Seattle Mariners, Los Angeles Dodgers, Mobile, USA, Dodgers, National West League, Mariners, American League West, Houston, Seattle, The Mariners, Cal Raleigh, Thomson Locations: Seattle , Washington, USA, Texas, Toronto, Muncy, Raleigh
Excitement around artificial intelligence is leading many investors to snatch up shares of potential winners in 2023. But not everyone on Wall Street is buying up the near-term hype. Even so, Bersey called Snowflake "well placed" for AI due to its data warehousing business needed for deploying large sets of data. This necessity should also benefit shares of Oracle, along with its cloud-based enterprise software segments, necessary for automating business needs. While the AI tailwinds may take longer to play out, Bersey does see some shorter-term macro trends that should benefit the sector.
Persons: Stephen Bersey, Bersey, — CNBC's Michael Bloom Organizations: HSBC, Wall, Nasdaq, Oracle, Software
“She’s always had such a regal reverence and a curiosity about dance from all over the world,” he said. Her hip-hop and R&B pedigree is evident in neck swivels and shoulder shimmies that connect TikTok dances to their 20th-century lineage. Some of the songs were sped up to match her moves, Sanders said. He also wrote songs for the movie, including a beat-driven work anthem for Harpo, Mister’s son (Corey Hawkins). During Bazawule’s presentation — via video during the height of covid — “I literally texted Oprah,” Sanders recalled.
Persons: Bazawule’s, Fatima Robinson, Michael Jackson, Mary J, Blige, ” Bazawule, Aaliyah, “ She’s, , Sanders, Bazawule, “ It’s, Ricky Dillard, Keb, , Christian McBride, Brenda Russell, Allee Willis, Stephen Bray, Harpo, Mister’s, Corey Hawkins, , ” Sanders, Locations: Accra
CAPE CANAVERAL, Fla. (AP) — Four astronauts returned to Earth early Monday after a six-month stay at the International Space Station. Their SpaceX capsule parachuted into the Atlantic off the Florida coast. Before departing the space station, they said they were craving hot showers, steaming cups of coffee and the ocean air since arriving in March. Their stay was doubled after their Soyuz capsule leaked all of its coolant and a new craft had to be launched. Between crew swaps, the space station is home to seven astronauts.
Persons: Stephen Bowen, Warren “ Woody ” Hoburg, Russia's Andrei Fedyaev, Sultan, “ You've Organizations: Space, SpaceX, NASA, United Arab, Control, Soyuz, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, Florida, United Arab Emirates, Cape Canaveral, Jacksonville
CNN —Four astronauts have returned home from a six-month stay on the International Space Station, making a splashdown landing aboard their SpaceX Crew Dragon capsule off the coast of Florida on Monday. The astronauts, members of the Crew-6 mission run jointly by NASA and SpaceX, departed the space station on Sunday at 7:05 am ET. Before the astronauts left the space station, NASA said that it had been monitoring the impact of Hurricane Idalia, which made landfall Wednesday morning on Florida’s Gulf Coast. Over the past week, the Crew-6 astronauts worked to welcome and hand over operations to Crew-7 team members, who arrived at the space station on August 27. During their stint in space, the Crew-6 astronauts were slated to oversee more than 200 science and tech projects.
Persons: Stephen Bowen, Warren “ Woody ” Hoburg, Alneyadi, Andrey Fedyaev, ” Hoburg, , It’s, Hoburg Organizations: CNN —, SpaceX, NASA, Carolinas, United, CRS, International Locations: Florida, Jacksonville , Florida, Gulf Coast, Georgia, United Arab Emirates, Russian, American, Saudi Arabia
CNN —Four astronauts concluded their six-month stay aboard the International Space Station on Sunday and are heading for a splashdown off the coast of Florida days after Hurricane Idalia ravaged parts of the state. The astronauts, members of the Crew-6 mission run jointly by NASA and SpaceX, boarded their Crew Dragon capsule on Sunday and departed the space station at 7:05 a.m. Over the past week, the Crew-6 astronauts have worked to welcome and hand over operations to the Crew-7 team members, who arrived at the space station on Sunday. During their stint in space, the Crew-6 astronauts were slated to oversee more than 200 science and tech projects. But the Russian Soyuz spacecraft that carried him and two Russian colleagues to the space station sprang a coolant leak late last year.
Persons: Hurricane, Stephen Bowen, Warren “ Woody ” Hoburg, Alneyadi, Andrey Fedyaev, ” Hoburg, , It’s, Hoburg, Frank Rubio, Rubio, Mark Vande Hei, Rubio’s, “ We’ve, “ Frank, Organizations: CNN —, NASA, SpaceX, Carolinas, United, CRS, International Space Station, Russian Soyuz Locations: Florida, Gulf Coast, Georgia, United Arab Emirates, Russian, American, Saudi Arabia, Roscosmos
The second-quarter reading was far lower than the Bank of Canada's (BoC's) forecast for a 1.5% annualized GDP growth as well as the 1.2% gain expected by analysts. The quarterly slowdown was largely due to declines in housing investment and smaller inventory accumulation as well as slower international exports and household spending, Statistics Canada said. The central bank hiked its benchmark overnight rate to a 22-year-high of 5.0% in July, the tenth increase since March of last year. The high interest rate environment has coincided with falling housing investment, which recorded its fifth consecutive quarterly decrease in the three months ended in June. The housing investment decline was led by a sharp drop in new construction as well as a fall in renovation activities, Statscan said.
Persons: Stephen Brown, Andrew Kelvin, Statscan, downwardly, Doug Porter, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Nivedita Balu, Mark Porter Organizations: Bank of Canada's, North, Capital Economics, Bank of Canada, Statistics, BoC, Reuters, TD Securities, Money, Canadian, BMO Capital Markets, Thomson Locations: OTTAWA, North American, Statistics Canada, Canada
Frequent weather catastrophes, induced in part by climate change, are bearing down on homeowners and would-be buyers. Here's how consumers can navigate the home insurance market amid increasing climate-driven weather risks:The home insurance market disruption is going to get worseThings are likely to get worse for homeowners and would-be buyers. Also in June, Farmers Insurance became the latest insurer to pull out of Florida, a market that's been roiled with turmoil for many years. Policyholders should expect to pay moreThe average cost of homeowners insurance nationwide is $2,777 a year, with rates varying by state, according to Insurance.com, a consumer comparison service. Already, some homeowners are choosing to roll the dice on ownership without insurance rather than pay increasing premiums.
Persons: Hurricane Ian, Idalia, Ian —, John Dickson, David A, Sampson, , George Hosfield, Rich Sorkin, Stephen Bennett Organizations: Global, Aon, American, Casualty Insurance Association . Insurance, LexisNexis, Allstate, Farmers Insurance, Jupiter Intelligence Locations: Pine, Hurricane, Matlacha , Florida, Florida, California, Cuba, Oklahoma, Hawaii, Arkansas, Louisiana , Nebraska , Iowa , Kansas , Oklahoma , Illinois, Kentucky, Tennessee
It's on the rise," Biden said in the White House's East room, speaking to civil rights leaders including the family of Reverend Martin Luther King Jr., gathered for the 60th anniversary of the March on Washington. A 21-year old white gunman shot and killed three Black people at a Dollar General store in Jacksonville, Florida, on Saturday. Vice President Kamala Harris, in the East Room, warned that "there are those who are intentionally trying to divide us as a nation." White supremacy "has no place in America," White House spokesperson Karine Jean-Pierre told reporters earlier on Monday. "Over the last 60 years this country has come a long way" to battle racism and white supremacy ideology, Stephen Benjamin, director of the White House Office of Public Engagement, said at the briefing.
Persons: Malcom Jackson, Joe Biden, Biden, Martin Luther King Jr, Ryan Christopher Palmeter, T.K, Waters, Kamala Harris, Karine Jean, Pierre, Stephen Benjamin, Benjamin said, Ron DeSantis, Benjamin, Steve Holland, Jarrett Renshaw, Heather Timmons, David Gregorio, Rosalba O'Brien Organizations: REUTERS, Rights, White, Authorities, FBI, Office, Public, Republican, Thomson Locations: Jacksonville , Florida, U.S, Florida, Washington, America
The lawsuit, filed against Tesla by the passengers and Lee's estate, accuses Tesla of knowing that Autopilot and other safety systems were defective when it sold the car. Autopilot failed to brake, steer or do anything to avoid the collision, according to the lawsuit filed by Banner's wife. Tesla denied liability for both accidents, blamed driver error and said Autopilot is safe when monitored by humans. Tesla said in court documents that drivers must pay attention to the road and keep their hands on the steering wheel. "Elon Musk has acknowledged problems with the Tesla autopilot system not working properly," according to plaintiffs' documents.
Persons: Casey, Elon, Musk, Tesla, Micah Lee’s, Lee, Stephen Banner’s, Banner's, Reuters ’, Matthew Wansley, Bryant Walker Smith, Jonathan Michaels, we're, Christopher Moore, Adam, Nicklas, Gustafsson, Elon Musk, Richard Baverstock, Trey, Lytal, Dan Levine, Hyunjoo Jin, Peter Henderson, Grant McCool Organizations: Tesla, China International Consumer Products, REUTERS, FRANCISCO, Tesla Inc, Reuters, Cardozo School of Law, University of South, Thomson Locations: Haikou, Hainan province, China, California, Los Angeles, Florida, Miami, University of South Carolina, San Francisco
[1/2] Condominium and office towers are seen on the mountain-backed skyline of Vancouver, British Columbia, Canada September 30, 2020. The GDP report will be the last major piece of domestic data before the Canadian central bank makes its next policy decision on Sept. 6. The central bank has said it would study economic data closely before determining whether it raises interest rates further. The BoC has projected 1.5% growth for the third quarter, matching its second-quarter estimate. Some argue that the composition of growth in the second-quarter data, including the split between internal and external demand, could also be a consideration.
Persons: Jennifer Gauthier, Carlos Capistran, Bank of America Merrill Lynch, Benjamin Reitzes, we've, Stephen Brown, Andrew Grantham, Fergal Smith, Denny Thomas, Jonathan Oatis Organizations: REUTERS, Rights, Bank of Canada, BoC, Bank of America, BMO Capital Markets, Money, North, Capital Economics, CIBC Capital Markets, Thomson Locations: Vancouver , British Columbia, Canada, Canadian, Mexico, North America
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