Saturday, October 3, 2026
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RBC and BMO Sell Moneris to US Firm for Two Billion Dollars

Money · Deals & Mergers

RBC and BMO Sell Moneris to US Firm for Two Billion Dollars

The two banks are handing Canada's largest payments processor to Francisco Partners, ending 25 years of domestic ownership just as officials talk up payments sovereignty.

Quant token jumps 35 percent on a bank plumbing contract

Money · Startups & Tech Money

Quant token jumps 35 percent on a bank plumbing contract

The Clearing House named Quant as the interoperability vendor for a tokenized-deposit network spanning 25 banks, and the announcement sent Quant's token surging even though the deal is a software licensing arrangement between financial institutions.

ECB Opens Pontes Rail While Calling It Just a Bank Tool

Money · Work & Careers

ECB Opens Pontes Rail While Calling It Just a Bank Tool

The European Central Bank switched on its Pontes settlement system for tokenised assets on 21 September 2026, describing it as wholesale plumbing even as officials confirm it is the first stage of the digital euro pilot.

Fed’s Hawkish Hike Widens Rate Gap With Canada and Squeezes the Loonie

Money · Markets & Crypto

Fed’s Hawkish Hike Widens Rate Gap With Canada and Squeezes the Loonie

The Federal Reserve's quarter-point increase and hawkish dot-plot have pushed U.S. rates well above the Bank of Canada's, and economists warn the resulting currency pressure could quietly raise import costs for Canadian households.

Iran War Fallout Pushes American Gasoline Costs to Painful New Highs

Money · Cost of Living

Iran War Fallout Pushes American Gasoline Costs to Painful New Highs

As Washington frames fresh sanctions on Tehran and Moscow as strategic pressure, American households are absorbing the real cost through pump prices, higher interest rates and a shrinking cushion of savings.

CRTC Waives Content Levy as Corus Control Passes to Lenders

Money · Deals & Mergers

CRTC Waives Content Levy as Corus Control Passes to Lenders

The regulator approved a $500-million debt-for-equity recapitalization that hands 99 percent of Corus Entertainment to its lenders, while exempting the deal from the levy normally used to fund Canadian content.

Fed Lifts Rates a Quarter Point While Warsh Skips Debt and Tariffs

Money · Cost of Living

Fed Lifts Rates a Quarter Point While Warsh Skips Debt and Tariffs

The Federal Reserve raised its benchmark rate to 3.75-4.00 percent on 17 September 2026, defying President Trump's calls for cuts, while Chair Kevin Warsh left the $40 trillion federal debt and tariff costs out of his public explanation.

Census Data Show AI-Exposed College Graduates Landing in Retail Jobs

Money · Work & Careers

Census Data Show AI-Exposed College Graduates Landing in Retail Jobs

New Census Bureau figures reported by Fortune show a sharp drop in early-career hiring for graduates of AI-exposed majors, a divergence that aggregate jobless-claims headlines this week do not capture.

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Every story shows you how the other outlets framed it.

Shurman Media is an experimental, AI-automated conservative news site owned and edited by Mike Shurman of 2Tech Computing Inc. Articles are researched and drafted by an automated newsroom under a published editorial policy, every citation is machine-verified before publication, and anything the checks cannot verify is held for the editor.