News of the day: Bank of Canada holds rate, economists' reactions, Scotiabank accelerates AI use, remote-work court decision, pandemic

It’s Wednesday, June 10. Here are the top stories we’re following today.

Bank of Canada holds interest rate as economic weakness amid rising inflation poses ‘dilemma’

The Bank of Canada held its key interest rate at 2.25 per cent for the fifth consecutive meeting on Wednesday, but the combination of economic weakness and rising inflation may pose a dilemma for the central bank going forward.

Scotiabank accelerates AI use to boost productivity and better manage risks

Bank of Nova Scotia says artificial intelligence is boosting its employees’ productivity and strengthening key programs, including its anti-money laundering detection system.

Bank of Canada ‘in no rush’ to hike interest rates, but leaves itself ‘wiggle room,’ say economists

The Bank of Canada came off as “dovish” as it held rates at 2.25 per cent for the fifth consecutive time while emphasizing a weak economy over inflation threats, say economists. Here’s what they think the latest decision means for rates.

B.C. court decision in a remote-work case should put employers on notice

For five years, employers have been trying to solve the same problem: how to get employees back into the office. Many have discovered an unpleasant truth. The office they are trying to bring employees back to may no longer exist — at least not legally, writes Howard Levitt.

Can far-sighted investments netting $3.5 million get a couple in their 40s to retirement in two years?

In the depths of the pandemic, new parents Paul and Elizabeth decided to take a chance with their investments.