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Netflix ad plan might be good enough

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In weaving her first foray into advertising together, Netflix He may have threaded the needle correctly.

Since announcing her intention to launch an ad-supported category six months agoNetflix has sparked an ongoing debate among investors about whether the move will attract new customers, thus re-energizing subscriber growth that has stagnated this year, or simply cause existing subscribers to drop and save a few dollars. The jury is still out on this question: Announced a new plan Thursday It will launch in 12 markets on November 3, meaning the company’s fourth-quarter report in late January will be the first chance to see how its subscribers will respond.

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Bank of Canada stresses inflation remains too high, higher rates still needed By Reuters

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© Reuters. FILE PHOTO: Bank of Canada Governor Tiff Macklem walks outside the Bank of Canada building in Ottawa, Ontario, Canada on June 22, 2020. REUTERS/Blair Gable/File Photo

Written by Steve Shearer and Ismail Shakil

OTTAWA (Reuters) – Bank of Canada Governor Tiff Macklem said in testimony to the House of Commons on Wednesday that Canadian inflation remains broadly high and more interest rate increases will be needed to cool an overheating economy.

“Inflation has come down in recent months, but we have not yet seen an overall reduction in price pressures,” McClim said. “This tightening phase is going to end. We’re getting close, but we’re not there yet.”

After a strong jobs increase report for October, Canada’s annual inflation rate held steady in the same month at 6.9%, still well above the central bank’s 2% target, while core inflation measures were mixed, data showed last week.

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The Bank of Canada raised interest rates by 50 basis points last month to fight inflation, raising the interest rate to 3.75%, the highest level since the 4% seen in January 2008. It also predicted that growth would stall from the fourth quarter of this year until the middle of next year.

Money markets have discounted another 25 basis points from tightening by the Bank of Canada at its next policy decision on December 7, and see a 20% chance of a larger 50 basis point move.

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Oil shipping costs have soared as the war in Ukraine reshaped global trade

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Tankers are spending more time in the water after the energy break-up between Russia and Europe.

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Stocks rally as Fed minutes suggest smaller rate hikes soon

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The indices are coming off session lows after the minutes are released; lower bond yields

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