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Bank of England follows US Fed in keeping interest rates on hold and failing to signal imminent cuts

Bank of England follows US Fed in keeping interest rates on hold and failing to signal imminent cuts

LONDON (AP) — The Bank of England has kept its main interest rate at a near 16-year high as inflation remains too high for comfort, and like the U.S.
Explosion strikes near vessel in the Red Sea off Yemen as Houthi rebel attacks continue

Explosion strikes near vessel in the Red Sea off Yemen as Houthi rebel attacks continue

JERUSALEM (AP) — Yemen's Houthi rebels fired two ballistic missiles Thursday at a Liberian-flagged container ship in the Red Sea, a U.S. defense official said, the latest attack by the rebels as America launches airstrikes targeting them.
Inflation in Europe edges down again. But will Houthi attacks on ships spoil the relief?

Inflation in Europe edges down again. But will Houthi attacks on ships spoil the relief?

FRANKFURT, Germany (AP) — Inflation in Europe edged lower in January to 2.8%, keeping alive speculation about quick interest rate cuts that would lower borrowing costs for businesses and consumers — and help boost the stagnating economy.
House passes bill to enhance child tax credit, revive key tax breaks for businesses

House passes bill to enhance child tax credit, revive key tax breaks for businesses

WASHINGTON (AP) — The House accomplished something unusual Wednesday in passing with broad, bipartisan support a roughly $79 billion tax cut package that would enhance the child tax credit for millions of lower-income families and boost three tax bre
Canada Energy Regulator issues reasons for approving Trans Mountain variance

Canada Energy Regulator issues reasons for approving Trans Mountain variance

CALGARY — The Canada Energy Regulator has issued its reasons for approving Trans Mountain Corp.'s revised pipeline variance application earlier this month.
Federal banking regulator sets final guidelines around integrity and security

Federal banking regulator sets final guidelines around integrity and security

TORONTO — Canada's banking regulator has released final guidelines on how it expects banks to protect themselves against foreign interference and other risks related to integrity and security.
New York City pension funds pushing RBC to disclose clean energy funding

New York City pension funds pushing RBC to disclose clean energy funding

TORONTO — New York City pension funds are pushing Royal Bank of Canada to disclose more details on its clean energy funding.
Powell: Federal Reserve is on track to cut rates, though not likely for months

Powell: Federal Reserve is on track to cut rates, though not likely for months

WASHINGTON (AP) — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it.
TSX, U.S. markets slide Wednesday on tech losses and hawkish Fed remarks

TSX, U.S. markets slide Wednesday on tech losses and hawkish Fed remarks

TORONTO — Canada's main stock index fell more than 200 points Wednesday on broad-based weakness, while U.S. markets also fell, led by losses in the tech sector. Markets were mixed for much of the day, led by weakness in tech, but after the U.S.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,021.88, down 205.99 points): Enbridge Inc. (TSX:ENB). Energy. Down 45 cents, or 0.93 per cent, to $47.74 on 14.8 million shares.
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