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Economy News in 100 Words

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LinkedIn and Monster remove about 1,500 fake job ads after CBC investigation

LinkedIn and Monster are job websites. They removed about 1,500 misleading job ads after a CBC News investigation. The ads offered jobs from home, with no experience needed. Some promised up to US$75,000 a year. But the ads led people to Evolution Travel, an American company. It is a multi-level marketing company. This kind of company asks members to pay and to bring in new members. People who answered the ads were asked to pay hundreds of dollars, plus a monthly fee. The ads did not say this. Evolution Travel says it tells its agents not to post job ads.

100 wordsSource: CBC News, by Eric Szeto

Bank of Canada says it may raise interest rates again

The Bank of Canada may raise interest rates again. The Bank of Canada is the country's central bank. It sets a key interest rate. This rate affects how much it costs to borrow money. Last month, the bank raised the rate to 2.5%. It was its first rise since 2023. On Tuesday, the bank shared a summary of its recent talks. The summary said more rises are possible. The bank wants to stop high energy prices from pushing up the prices of many other things. A general rise in prices is called inflation. Its next rate decision is December 9.

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