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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
Jan 29, 2025 2:47 PM
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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.
Jan 29, 2025 2:31 PM
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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.
Jan 29, 2025 2:22 PM
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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.
Jan 29, 2025 2:08 PM
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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.
Jan 29, 2025 2:03 PM
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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.
Jan 29, 2025 1:07 PM
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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.
Jan 29, 2025 12:03 PM
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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
Jan 29, 2025 11:54 AM
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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.
Jan 29, 2025 11:49 AM
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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.
Jan 29, 2025 11:39 AM
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