Canada will invest $120 million (US$88.2 million) over five years to build a national chip network, as calls intensify for the government to do more to bolster its lagging semiconductor sector.

The red-hot Washington debate over whether U.S. President Joe Biden will scrap his run for re-election is spilling into Wall Street, where traders are shifting money to and from the U.S. dollar, Treasuries and other assets that would be impacted by Donald Trump’s return to office.

The Toronto Regional Real Estate Board says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.

Experts have mixed opinions on the extent to which generative AI will enhance productivity and the value it can provide relative to its costs, as it faces further challenges from chip and power shortages.