Four soldiers were killed and 39 people were sent to hospital, 19 of them critically, after a grass fire fanned by strong winds swept through a training exercise at CFB Wainwright in Alberta. More than 1.3 million Albertans had already voted early in a historic referendum on whether to remain in Canada or hold a binding vote on leaving Confederation. Statistics Canada is set to release September inflation data, with a Reuters poll expecting a rise to 3.2% from 3% in August. In New Brunswick, a resident opposing a data centre project found an undisclosed proposal from a U.S. firm, while NB Power has 10 applications needing up to 900 megawatts. A Toronto man said Meta's AI agent shared his home address with a stranger without his approval.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on airdriecityview.com ↗
Keywords
Canadainflationdata centersartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
USD/CAD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.41389 |
| Change that session | -0.32% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- MLA de Jonge pushing for stronger Alberta within united Canada
Chestermere-Strathmore MLA Chantelle de Jonge, ahead of an Alberta referendum and amid AI backlash and US trade tensions, says the provincial government remains focused on responsible resource development, job creation and strengthening Alberta's economy within Canada. She said she ran on an Alberta First platform because of frustration with federal policies, but was not elected on a separatist mandate, and that Albertans should be able to voice their views through a democratic process. She cautioned against escalating the trade dispute, saying tariffs and counter-tariffs harm both Americans and Canadians, and urged diplomacy. On AI and data centres, which have prompted town halls in communities such as Langdon and Indus, she said Alberta is developing consistent province-wide standards so large data centres are built far from residential areas. She also noted ground was recently broken on the Dawson's Landing school in Chestermere with Rocky View Schools.
- In the news today : four soldiers killed , Alberta referendum , AI privacy fears
- In the news today : four soldiers killed , Alberta referendum , AI privacy fears
- In the news today: four soldiers killed, Alberta referendum, AI privacy fears
- Can AI hyperscalers afford to build the infrastructure to meet long-term demand?
- AI Infrastructure Stocks Rally as Selloff Reverses: Applied Digital Jumps 8%, TeraWulf and IREN Rise 6%
Shares of AI infrastructure companies rebounded after a steep selloff driven by financing concerns, with TeraWulf up 6% to $12.42, Applied Digital up 8% to $19.54 and IREN up 5% to 28.41. The CoinShares Bitcoin Mining and Digital Power ETF (WGMI), which held these stocks, rose 6% while the SPDR S&P 500 ETF Trust gained 0.46%. TeraWulf, shifting from Bitcoin mining to AI leasing, generated over 70% of its Q2 2026 revenue from high-performance computing leases, and its largest contract is a 20-year lease with Anthropic for 401 megawatts worth $19 billion. The company doubled the power commitment for its Muskie campus in Kentucky under an expanded agreement with Kentucky Power, but its tenant search there is unresolved. The article cautions that the rebound may fade, since TeraWulf's Justified and Muskie campuses are not due to deliver capacity until the second half of 2027 or later.
Related markets
Latest news
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher
Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.