News of the day: Gas price shock, AI risks, 10-year mortgages, retirement savings, internal job postings and more
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Gas prices are advertised at station signs off the Trans Canada in northwest Calgary on April 15. Photo by Brent Calver/Postmedia filesArticle contentIt’s Friday, April 17. Here are the top stories we’re following today.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentBrace for gas price ‘shock’ in inflation numbers out Monday, say economistsArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentEconomists are expecting the high price of gas to “shock” the consumer price index when Statistics Canada releases its March inflation report on Monday. Gas prices spiked 21 per cent between February and March as the war in Iran and resulting near-closure of the Strait of Hormuz reduced the flow of oil from the Middle East and pushed up global energy prices.Article contentArticle contentRead the storyArticle contentArticle content Bank of Canada governor Tiff Macklem, pictured in Ottawa in early December, said of Antrhopic PBC’s Mythos threat that ‘it’s critical that our systems are protected.’ Photo by HYUNGCHEOL PARK /PostmediaArticle contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentBank of Canada’s Macklem says he has spoken to Fed chair about risks from Anthropic’s Mythos AI modelArticle contentBank of Canada governor Tiff Macklem says that he has been in touch with United States Federal Reserve chairman Jerome Powell to discuss the risks posed by Anthropic PBC‘s latest artificial intelligence model, Mythos, which has the power to amp up the speed and precision of cyber attacks by quickly identifying and exploiting vulnerabilities and has been flagged as a potential risk to financial stability.Article contentLatest EntrepreneurScroll Left Scroll RightArticle contentRead the storyArticle contentArticle content A house for sale sign in Toronto, Ont. Photo by Laura Proctor/Bloomberg filesArticle contentDear Ottawa: Canadians need reasonable 10-year mortgages — prontoArticle contentCanadian homeowners learned the hard way that five-year mortgage terms can turn a routine renewal into a household emergency. But what if it didn’t have to be that way? What if long-term payment security was possible, at reasonable interest rates?Article contentSecond ListsScroll Left Scroll RightArticle contentRead the storyArticle contentArticle content As a retiree you should want to protect your income for a set number of years, say three to five years, and protect your capital for any large, near-term expenses. Photo by Seb Ra/Getty ImagesArticle contentHow much money should Gerry, in his 70s, have in equities, bonds and cash?Article contentRather than asset ratios, FP Answers suggests asking how much of their money retirees want to go toward capital preservation versus inflation protection.Article contentRead the storyArticle contentArticle content Employers increasingly promote the idea of ‘careers within.’ Photo by Getty ImagesArticle contentWhy the internal job posting is often misleading — and legally riskyArticle contentFor many Canadian employees, the most misleading document they will encounter is not an employment contract. It is an internal job posting.Article contentRead the storyArticle contentTrending Brace for gas price 'shock' in inflation numbers out Monday, say economists Economy IMF sees Canada's fiscal position as strongest in G7 Economy Posthaste: Why Canadians might be doomed to suffer a 'new normal' for oil prices News Canadian quantum company Xanadu soars to $16 billion valuation after Nvidia release Innovation How much money should Gerry, in his 70s, have in equities, bonds and cash?
Personal Finance Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Brace for gas price 'shock' in inflation numbers out Monday, say economists Economy IMF sees Canada's fiscal position as strongest in G7 Economy Posthaste: Why Canadians might be doomed to suffer a 'new normal' for oil prices News Canadian quantum company Xanadu soars to $16 billion valuation after Nvidia release Innovation How much money should Gerry, in his 70s, have in equities, bonds and cash? Personal Finance