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Canada-U.S. interest rate gap widens, but BoC more focused on tariffs: experts

Canada-U.S. interest rate gap widens, but BoC more focused on tariffs: experts

The gap in interest rate policies between Canada and the U.S. widened further as the Bank of Canada cut its key lending rate by a quarter-point on Wednesday, while the U.S. Federal Reserve held its own rate.
Fed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated'

Fed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated'

WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies Presi
Nova Scotia's largest ever increase to the minimum wage is inadequate: advocacy group

Nova Scotia's largest ever increase to the minimum wage is inadequate: advocacy group

HALIFAX — The Nova Scotia government says workers will benefit from the province's largest ever increase to the minimum wage later this year. But an advocacy group says the increase to $16.50 an hour on Oct.
Stock market today: Wall Street edges lower after the Fed opts to keep interest rates steady

Stock market today: Wall Street edges lower after the Fed opts to keep interest rates steady

NEW YORK (AP) — U.S. stocks are edging lower after the Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy in September. The S&P 500 was down 0.
Alberta holds auction, bidder ponies up US$400,000 to hunt a bighorn sheep

Alberta holds auction, bidder ponies up US$400,000 to hunt a bighorn sheep

EDMONTON — The right to hunt bighorn sheep, Alberta's official mammal, has netted the province US$400,000 at auction.
Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub

Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada's latest cut to its key policy rate. Ratehub.
20 killed when a Chinese oil company's flight crashes in South Sudan

20 killed when a Chinese oil company's flight crashes in South Sudan

JUBA, South Sudan (AP) — A small plane chartered by a Chinese oil company crashed Wednesday in a remote part of South Sudan, killing 20 people, authorities said. One passenger survived. The flight chartered by Greater Pioneer Operating Co.
General purpose AI could lead to array of new risks, experts say in report ahead of AI summit

General purpose AI could lead to array of new risks, experts say in report ahead of AI summit

LONDON (AP) — Advanced artificial intelligence systems have the potential to create extreme new risks, such as fueling widespread job losses, enabling terrorism or running amok, experts said in a first-of-its-kind international report Wednesday catal
Climate group publishes guide on how municipalities can put a dollar value on nature

Climate group publishes guide on how municipalities can put a dollar value on nature

HALIFAX — A climate change think tank has released a guide encouraging municipalities to assign specific dollar values to natural assets ranging from wetlands to coastal dunes.
S&P/TSX composite up as BoC cuts key rate, U.S. stock markets mixed

S&P/TSX composite up as BoC cuts key rate, U.S. stock markets mixed

TORONTO — Canada's main stock index moved higher in late-morning trading as the Bank of Canada cut its key lending rate, while U.S. stock markets were mixed ahead of a rate decision by the U.S. Federal Reserve.
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