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National Business
Fed's Powell: Elevated inflation will likely delay rate cuts this year
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
Apr 16, 2024 3:41 PM
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Hockey business is booming as the NHL bounces back from the pandemic in a big way
NEW YORK (AP) — Arenas are full, the NHL is a fixture on TV screens across North America, highlight-reel goals are talking points on a near-daily basis and “The Pat McAfee Show” even has a segment called “Hockey is Awesome.
Apr 16, 2024 1:31 PM
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IMF: Outlook for world economy is brighter, though still modest by historical standards
WASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth.
Apr 16, 2024 1:05 PM
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Airline caterers go on strike, affecting travellers on flights via Pearson airport
More than 800 airline food service staff at Toronto's Pearson airport went on strike Tuesday, leaving thousands of passengers without meals.
Apr 16, 2024 12:47 PM
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Annual inflation rate up in March as gasoline prices rose, but core measures lower
OTTAWA — Higher gasoline prices helped the annual inflation rate tick higher in March, but core inflation continued to cool for the month, raising the chances of an interest rate cut by the Bank of Canada in June.
Apr 16, 2024 12:21 PM
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S&P/TSX composite moves lower in late-morning trading, U.S. markets mixed
TORONTO — Weakness in several sectors including financials led Canada's main stock index lower in late-morning trading,while U.S. stock markets were mixed. The S&P/TSX composite index was down 130.16 points at 21,610.04.
Apr 16, 2024 11:23 AM
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Housing starts down seven per cent in March from February: CMHC
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
Apr 16, 2024 10:54 AM
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NHL announces Bodyarmor as its new sports drink, replacing BioSteel
NEW YORK (AP) — The NHL and NHL Players' Association on Tuesday announced a multiyear agreement with Bodyarmor to be the league’s official sports drink. Bodyarmor replaces BioSteel in that department after BioSteel filed for bankruptcy last year.
Apr 16, 2024 10:43 AM
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Students benefit from filing a tax return even if they don't make a lot of money
Lower income doesn’t mean lower priority when it comes to filing a tax return.
Apr 16, 2024 10:16 AM
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Here's a list of March inflation rates for selected Canadian cities
OTTAWA — Canada's annual inflation rate was 2.9 per cent in March, Statistics Canada says.
Apr 16, 2024 8:55 AM
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