News of the day: Canadian dollar, Bell sells wireless tower stake, investors ignoring risks, federal budget winners and losers, Meta’s new terms and more

Catch up on the stories we’re following today

The Canadian loonie dollar and Canadian flag, Wednesday March 5, 2025. — Much of the benefit from the narrowing yield gap between the Canadian and U.S. currencies is already baked into the loonie's recent rise, said economist Kyle Dahms. Photo by Peter J. Thompson/Postmedia

It’s Tuesday, Oct. 27. Here are the top stories we’re following today.

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The Canadian dollar has risen nearly two per cent this month, mostly on increasing bets for a Bank of Canada rate hike, but where it goes next depends more on the central bank’s hints of future calls rather than its next decision on Wednesday, says National Bank of Canada.

A pedestrian arrives at BCE Inc.'s Bell Canada office building in Toronto on Aug. 8, 2012. — A pedestrian arrives at BCE Inc.’s Bell Canada office building in Toronto on Aug. 8, 2012. Photo by Brent Lewin/Bloomberg

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BCE Inc.‘s Bell has announced it would sell a 49.9 per cent stake in its wireless tower infrastructure company to Quebec public pension manager Caisse de dépôt et placement du Québec.

Elephant in the room series — When almost everyone is comfortable with the elephant in the room, the hardest task is simply acknowledging that it is still there. Photo by Donald Iain Smith/Getty Images

With the advent of passive investing and robo-advisers, the framework that once governed sound investing is almost forgotten. The mainstream consensus among many investors and strategists appears to be to downplay high valuations and the potential for a bubble, writes David MacNicol.

Fall leaves surround the Peace Tower on Parliament Hill on October 26, 2025 in Ottawa, Ontario, Canada. — Strip away the branding and a federal budget is a simple thing: a plan for the government to spend other people’s money. Photo by Al Drago/Getty Images

Comprehensive reform means an independent review with a mandate and a deadline, personal and corporate systems tackled together and rate cuts paired with a broader base and fewer credits, not more, writes Kim Moody.

The Meta Platforms Inc. office building in the 'Silicon Docks' area of central Dublin, Ireland. — The Meta Platforms Inc. office building in the ‘Silicon Docks’ area of central Dublin, Ireland. Photo by BLOOMBERG FILES

Some experts say Meta Platforms Inc.’s updated terms of service — which allow the company to “develop” and “improve” its business products using crawled data — could still give it unfettered access to publishers’ content for AI training, writes Vass Bednar.

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