The Bank of Canada said decisions about future interest-rate increases will be guided by incoming economic data, though it’s still ready to move aggressively if needed, Bloomberg News reported. Deputy Governor Sharon Kozicki, in a speech Thursday in Montreal, said policymakers expect adjustments to monetary policy will be “more data-dependent,” but kept the possibility of larger hikes on the table. “If we are surprised on the upside, we are still prepared to be forceful,” Kozicki said.

The Bank of Canada raised interest rates aggressively for a sixth straight time, while opening the door to pausing its hiking cycle, Bloomberg News reported. Policymakers led by Governor Tiff Macklem increased the benchmark overnight lending rate by 50 basis points to 4.25% on Wednesday, the highest since the beginning of 2008. The move was in line with the expectations of a slim majority of economists in a Bloomberg survey.

Canada's exports rose in October, largely driven by pharmaceutical products, while imports were also up, largely as a result of a depreciation of the Canadian dollar, data showed on Tuesday, Reuters reported. The country's trade surplus with the world grew to C$1.21 billion ($888.53 million) in October, Statistics Canada said, slightly above analysts' forecasts of a surplus of C$1.20 billion. Exports rose 1.5%, helped by higher exports of medicinal products as well as gold bars and coins to the United States, Statscan said. By volume, exports were up 0.1%.

The collapse of cryptocurrency exchange FTX has opened a hornet’s nest of squabbles between foreign governments and its new U.S. chief executive, John J. Ray III, the Wall Street Journal reported. In Cyprus, the country’s securities regulator is complaining that Mr. Ray’s decision to place FTX in bankruptcy has stymied investigations and is preventing European customers from getting their money back. Officials in the Bahamas, where FTX moved its headquarters last year, are accusing Mr.

A U.S. bankruptcy judge ordered the founders of Singapore-based Three Arrows Capital Ltd. to turn over records related to the failed cryptocurrency hedge fund’s assets to its liquidators, WSJ Pro Bankruptcy reported. Judge Martin Glenn of the U.S. Bankruptcy Court in New York granted the liquidators’ request to subpoena Three Arrows founders Su Zhu and Kyle Davies as part of an effort to recover the hedge fund’s assets. Messrs.

Cineworld Group Plc said it intends to emerge from bankruptcy intact after senior lenders were said to be considering a sale process for its east European operations, Bloomberg News reported. The London-based company filed for chapter 11 bankruptcy in Texas in September to cut a near $9 billion pile of debt and leases. “Cineworld remains committed to working with its key stakeholders to develop a Chapter 11 reorganization plan that seeks to maximize value for the benefit of moviegoers and all other stakeholders,” a spokesperson said on Sunday.

Chinese hackers have stolen tens of millions of dollars worth of U.S. COVID relief benefits since 2020, the Secret Service said on Monday, Reuters reported. The Secret Service declined to provide any additional details but confirmed a report by NBC News that said that the Chinese hacking team that is reportedly responsible is known within the security research community as APT41 or Winnti. APT41 is a prolific cybercriminal group that had conducted a mix of government-backed cyber intrusions and financially motivated data breaches, according to experts.

Canadian Imperial Bank of Commerce said on Friday it would appeal a New York court's ruling in a lawsuit brought against the bank by an entity of U.S. private equity firm Cerberus Capital Management, Reuters reported. Cerberus had alleged that CIBC defaulted on certain payments and is seeking damages of $1.067 billion. CIBC said it had satisfied all its obligations. The court issued a liability ruling against the lender, but has not determined how much it will have to pay. The parties will get to present arguments on the damages at a hearing on Dec. 19, CIBC said.

The company behind the tether stablecoin has increasingly been lending its own coins to customers rather than selling them for hard currency upfront, the Wall Street Journal reported. The shift adds to risks that the company may not have enough liquid assets to pay redemptions in a crisis. Tether Holdings Ltd. says it lends only to eligible customers and requires that borrowers post lots of “extremely liquid” collateral, which could be sold for dollars if borrowers default. These loans have appeared for several quarters in the financial reports that Tether shows on its website.