News of the day: Canadian dollar, Bell sells wireless tower stake, investors ignoring risks, federal budget winners and losers, Meta’s new terms and more

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Photo by Peter J. Thompson/PostmediaIt’s Tuesday, Oct. 27. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Canadian dollar has risen nearly two per cent this month, mostly on increasing bets for a Bank of Canada rate hike, but where it goes next depends more on the central bank’s hints of future calls rather than its next decision on Wednesday, says National Bank of Canada.This advertisement has not loaded yet, but your article continues below. A pedestrian arrives at BCE Inc.’s Bell Canada office building in Toronto on Aug. 8, 2012. Photo by Brent Lewin/BloombergGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againBCE Inc.‘s Bell has announced it would sell a 49.9 per cent stake in its wireless tower infrastructure company to Quebec public pension manager Caisse de dépôt et placement du Québec. When almost everyone is comfortable with the elephant in the room, the hardest task is simply acknowledging that it is still there. Photo by Donald Iain Smith/Getty ImagesWith the advent of passive investing and robo-advisers, the framework that once governed sound investing is almost forgotten. The mainstream consensus among many investors and strategists appears to be to downplay high valuations and the potential for a bubble, writes David MacNicol. Strip away the branding and a federal budget is a simple thing: a plan for the government to spend other people’s money. Photo by Al Drago/Getty ImagesComprehensive reform means an independent review with a mandate and a deadline, personal and corporate systems tackled together and rate cuts paired with a broader base and fewer credits, not more, writes Kim Moody. The Meta Platforms Inc. office building in the ‘Silicon Docks’ area of central Dublin, Ireland. Photo by BLOOMBERG FILESSome experts say Meta Platforms Inc.’s updated terms of service — which allow the company to “develop” and “improve” its business products using crawled data — could still give it unfettered access to publishers’ content for AI training, writes Vass Bednar.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.