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Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Prime Minister Mark Carney has announced his plan to create Canada’s first sovereign wealth fund. The …
Read More »Norway wealth fund sells shares in Israel’s Bezeq over telecom services to Israeli settlements
Norway’s sovereign wealth fund, the world’s largest, has sold all of its shares in Israel’s Bezeq, which provides telecommunications services to Israeli settlements in the occupied West Bank. The decision, announced late on Tuesday, comes after the fund’s ethics watchdog, the Council on Ethics, adopted a new, tougher interpretation of ethics …
Read More »Feeling poorer? Inverse wealth effect may add to Canadians’ spending gloom
It is inevitable that if incomes fail to keep pace with a 6.8 per cent inflation rate, many Canadian wage earners are forced to scrimp. But economists who study financial behaviour have found that even those who can afford to keep spending are also looking for ways to cut back. …
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