Bank of Canada Stands Pat on Rates, Signals Cut Could Materialize if Conditions Warrant
The central bank's decision was widely expected among traders and economists, as officials struggle to deliver a conventional forecast due to the uncertainty posed by President Trump's trade policy. The central bank does project that the Canadian economy shrank 1.5% annualized in the second quarter, following a 2.2% jump in the first quarter, due to a steep drop in exports. The Bank of Canada adds that, under a scenario that closely resembles the present-day tariff backdrop, growth would remain tepid until the second quarter of 2027.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
MLPS adopts ImageTrend Platform for improved patient care
Middlesex-London Paramedic Service (MLPS) in Canada has adopted the ImageTrend Platform to enhance patient care and align with Ontario's documentation standards. This strategic move aims to improve clinical documentation and provide deeper insights into operational performance. With the Ontario-compliant platform, MLPS will be able to streamline data collection, enhance reporting consistency, and access real-time analytics. These capabilities are crucial for operational decision-making and advancing system-wide quality initiatives. MLPS paramedic services director Adam Bennett said: 'After a thorough evaluation, we believe ImageTrend offers the right combination of innovation and support to meet the unique needs of MLPS. We're looking forward to building a successful partnership.' MLPS is now part of a rising number of Ontario paramedic services utilising ImageTrend's integrated solution, which complies with the Ontario Ambulance Documentation Standards (OADS v4.0). Set by the Ministry of Health this year, these standards dictate the documentation, submission, and application of ambulance call reports for quality improvement. ImageTrend president and CEO Patrick Sheahan said: 'Partnering with MLPS builds on our commitment to helping Canadian paramedic services document care efficiently and put their data to work. 'We look forward to supporting their team with a platform designed to meet today's needs and adapt to what's next.' MLPS serves as a paramedic service provider for Middlesex County and the City of London, operating from 13 stations with over 450 professionals. In May this year, ImageTrend expanded its reach in Canada through a partnership with Airmedic, enhancing aeromedical responses in Québec. In February, the St Charles County Ambulance District in Missouri began using ImageTrend's ePCR and Billing Bridge software. "MLPS adopts ImageTrend Platform for improved patient care" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
SiMa.ai secures $85m to support global expansion
US-based start-up has raised $85m in an oversubscribed funding round led by hedge fund firm Maverick Capital. The investment increases the company's total capital raised to $355m. New investor StepStone Group, alongside existing supporters, also joined the round. The company, which focuses on delivering purpose-built hardware and software solutions for Physical AI, plans to use the new funds to support its global expansion. It will also use the proceeds to further enhance its Physical AI platform. This includes investing in software innovation, go-to-market strategies, customer success initiatives, and strengthening its roadmap in the automotive sector. founder and CEO Krishna Rangasayee said: 'This new funding further validates our leadership in the Physical AI space and the growing demand for Physical AI solutions that deliver best-in-class performance per watt with industry-leading ease of use. 'With strong support from new and existing investors, we're scaling quickly to extend our competitive lead and meet global customer demand across robotics, automotive, industrial automation, aerospace & defence, smart vision, and healthcare.' core offering, the ONE platform, combines purpose-built silicon with a software-centric design to optimise performance and simplify deployment. The platform includes Modalix, a second-generation multimodal machine learning system-on-chip, and software suite Palette. These tools support major ML frameworks, facilitating rapid AI adoption across sectors. Maverick Capital managing partner Andrew Homan said: ' is redefining what's possible at the edge by combining world-class silicon with a uniquely software-centric approach to Physical AI. 'Their ability to deliver high-performance, low-power solutions with frictionless deployment positions them to lead in a market that's scaling fast. We're thrilled to support as they accelerate their growth and continue to deliver transformative value across industries.' In a previous funding round in April 2024, secured $70m to advance chip technology for autonomous vehicles. " secures $85m to support global expansion" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
Zevra Therapeutics Announces Details for Q2 2025 Financial Results Call
Company will host conference call at 4:30 p.m. ET, on Tuesday, August 12, 2025 CELEBRATION, Fla., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (Zevra, or the Company), a commercial-stage company focused on providing therapies for people living with rare disease, today announced it will report corporate and financial results for the second quarter 2025 on Tuesday, August 12, 2025, via a news release after the market close, and will host a conference call/audio webcast at 4:30 p.m. ET that day. A link to the audio webcast will be accessible on the 'Events & Presentations' page in the Investor Relations section of Zevra's website at To join via telephone, please use the following dial-in information: (800) 245-3047 (United States) +1 (203) 518-9765 (International) Conference ID: ZVRAQ225 A replay of the webcast will be available for 90 days beginning at approximately 5:30 p.m. ET. The replay will be accessible on the 'Events & Presentations' page of Zevra's website at About Zevra Therapeutics, Inc. Zevra Therapeutics, Inc. is a commercial-stage company combining science, data, and patient needs to create transformational therapies for rare diseases with limited or no treatment options. Our mission is to bring life-changing therapeutics to people living with rare diseases. With unique, data-driven development and commercialization strategies, the Company is overcoming complex drug development challenges to make new therapies available to the rare disease community. For more information, please visit or follow us on X and LinkedIn. Caution Concerning Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding upcoming events or Zevra's participation at such events. Forward-looking statements are based on information currently available to Zevra and its current plans or expectations. They are subject to several known and unknown uncertainties, risks, and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the "Risk Factors" section of Zevra's Annual Report on Form 10-K for the year ended December 31, 2024, filed on March 12, 2025, and Zevra's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed on May 13, 2025, and Zevra's other filings with the SEC. While we may elect to update such forward-looking statements at some point in the future, except as required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot assure that such expectations will prove correct. These forward-looking statements should not be relied upon as representing our views as of any date after the date of this press release. Zevra Contact Nichol Ochsner +1 (732) 754-2545 nochsner@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
