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Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation

Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation

OTTAWA — The Bank of Canada may need to raise its key interest rate to three per cent or beyond — more than double its current level — to ensure inflation doesn't settle in for the long haul, its deputy governor says.
Avenatti gets 4 years in prison for cheating Stormy Daniels

Avenatti gets 4 years in prison for cheating Stormy Daniels

NEW YORK (AP) — Michael Avenatti was sentenced Thursday to four years in prison for stealing book proceeds from Stormy Daniels, the porn actress who catapulted him to fame as he represented her in courtrooms and cable news programs during her legal b
Stocks shake off a wobbly start on Wall Street, end higher

Stocks shake off a wobbly start on Wall Street, end higher

NEW YORK (AP) — The stock market shook off a wobbly start and ended broadly higher Thursday, marking its first gain in this holiday-shortened week. Technology stocks were among the winners as Microsoft erased an early loss.
Nova Scotia ruling out second package of inflation-aid measures

Nova Scotia ruling out second package of inflation-aid measures

HALIFAX — The Nova Scotia government is ruling out a second package of short-term inflation relief just two weeks after Finance Minister Allan MacMaster said more measures were on their way.
Go-broke dates pushed back for Social Security, Medicare

Go-broke dates pushed back for Social Security, Medicare

WASHINGTON (AP) — A stronger than expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock
Stellantis-LG say joint venture in Windsor to be called NextStar Energy, appoint CEO

Stellantis-LG say joint venture in Windsor to be called NextStar Energy, appoint CEO

WINDSOR, Ont. — Stellantis and LG Energy Solution say their joint venture to build batteries for electric vehicles in Windsor, Ont. will be called NextStar Energy and be led by Danies Lee as chief executive.
Home sales in Metro Vancouver calmer in May as interest rates cool hot market

Home sales in Metro Vancouver calmer in May as interest rates cool hot market

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales across the region have returned to "more typical seasonal levels" and that there are modest signs continuous price increases might ease.
RBC caught up in Texas laws defending gun and fossil fuel industries

RBC caught up in Texas laws defending gun and fossil fuel industries

TORONTO — Royal Bank of Canada has become caught up in efforts by Texas to limit action by banks against gun manufacturers and fossil fuel companies as attention intensifies on the divisive issues.
Russian plane stranded at Pearson airport in Toronto racking up parking fees

Russian plane stranded at Pearson airport in Toronto racking up parking fees

A Russian cargo plane stranded at Toronto Pearson International Airport is racking up parking fees of more than $1,000 per day. The Russian-registered Antonov 124 operated by cargo carrier Volga-Dnepr has been parked at Pearson since Feb.
Alimentation Couche-Tard to deploy over 10,000 AI-powered cash registers at stores

Alimentation Couche-Tard to deploy over 10,000 AI-powered cash registers at stores

LAVAL, Que. — Convenience store retailer Alimentation Couche-Tard Inc. says it will deploy more than 10,000 touchless self-serve cash registers within three years at over 7,000 Couche-Tard and Circle K stores.
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