The Competition Bureau is investigating the use of AI-driven algorithmic pricing in Canadian real estate rental markets, which involves companies tracking competitors’ rent prices. An antitrust lawsuit in the U.S. alleges companies are colluding to inflate rents using software like RealPage’s YieldStar platform. Politicians like NDP MP Zarrillo and Liberal leadership candidate Freeland are calling for action to address the issue of rent price fixing facilitated by AI technology.
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Ottawa posts $26.8 billion deficit for April-to-January period
The article reports that Ottawa has recorded a $26.8 billion deficit for the April-to-January period. The deficit is a result of increased spending to support individuals and businesses during the COVID-19 pandemic. The government is facing challenges in managing the deficit and ensuring economic recovery. Full Article
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