The Weston family’s finances, inflation fights and doom in AI: Must-read business and investing stories

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A new report by Statistics Canada analyzing inflation over the past few years shows that

. Commodity prices, global demand for goods and shattered supply chains were significant drivers of the country’s inflation, which means the bank must rely on the inflation-fighting fortitude of other central bankers and the fluctuations in foreign economies.The cost of building homes and apartment complexes across 11 major Canadian cities was up 54 per cent in the first three months of 2023 compared with the same period in 2019, according to new Statistics Canada data.

Since raising the spectre that superintelligent AI could subjugate humanity, Geoffrey Hinton, emeritus University of Toronto professor, has been flooded with media requests.. In his view, intelligence wins, and will seek to control. He’s not willing to game out how exactly AI could threaten our existence, though. “It’s such unknown territory and there are so many ways it could happen that I don’t like to speculate on the details,” he said.

 

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