Category: economic impact

Federal Documents Hint at Sweeping Economic Impact From Central Bank ‘Digital Loonie’

OTTAWA—Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency. The Bank of Canada has spent years looking at whether to introduce a digital currency, but so far hasn’t seen an immediate need to issue one. In one briefing…


Rare Solar Superstorm Could Prompt ‘Internet Apocalypse’ Lasting Several Months: Study

The “black swan” event of a solar superstorm directed at earth could prompt an “internet apocalypse” across the entire globe that could last for several months, new research has warned. University of California Irvine assistant professor Sangeetha Abdu Jyothi presented the new research, titled “Solar Superstorms: Planning for an Internet Apocalypse,” last month during the…