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Macklem says interest rate cut in June possible after holding policy rate once again
OTTAWA — The Bank of Canada is keeping the door open to an interest rate cut in June even as it emphasized that it won't be rushed into it if inflation shoots back up.
Apr 10, 2024 4:12 PM
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Stock market today: Wall Street falls after hot inflation report burns hopes for a June rate cut
NEW YORK (AP) — U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend. The S&P 500 lost 0.9% Wednesday. The Dow Jones Industrial Average gave back 1.
Apr 10, 2024 4:09 PM
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Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts
WASHINGTON (AP) — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often
Apr 10, 2024 3:52 PM
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Grocery inflation to fall below two per cent this spring, report predicts
Grocery inflation will fall below two per cent by the spring and stay roughly between one and two per cent for the rest of 2024, predicts a new report on the food and beverage industry.
Apr 10, 2024 3:07 PM
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B.C. building code to allow mass timber in buildings up to 18 storeys, up from 12
VANCOUVER — The use of mass timber in British Columbia is moving up and expanding to schools, libraries and other construction.
Apr 10, 2024 2:46 PM
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Federal Reserve minutes: Some officials highlighted worsening inflation last month
WASHINGTON (AP) — Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported Wednesday that price increases re-accelerated last month.
Apr 10, 2024 2:37 PM
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Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares
Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer-vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing
Apr 10, 2024 1:07 PM
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Rate expectations: What’s the neutral rate, and why did the Bank of Canada raise it?
The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed.
Apr 10, 2024 12:40 PM
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B.C. makes it easier to salvage timber damaged by wildfires
VICTORIA — The B.C. government says it's making it easier for forestry companies to salvage timber damaged by wildfires.
Apr 10, 2024 12:31 PM
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Roots CEO sees consumers getting back to discretionary spending in back half of year
TORONTO — Roots Corp. executives say the back half of 2024 will likely see consumers edging back into purchasing discretionary goods they forewent as inflation and interest rates climbed.
Apr 10, 2024 11:53 AM
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