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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-el
What is a trade deficit — and does it matter to the economy?

What is a trade deficit — and does it matter to the economy?

In a post on Truth Social early Wednesday, Donald Trump claimed his country is financially supporting its northern neighbour. The U.S.
TSX, U.S. markets sink as Fed forecasts fewer interest rate cuts ahead

TSX, U.S. markets sink as Fed forecasts fewer interest rate cuts ahead

TORONTO — Markets on both sides of the border fell sharply Wednesday afternoon after the U.S.
US retreats from massive air bag recall and says industry comments show need for more investigation

US retreats from massive air bag recall and says industry comments show need for more investigation

DETROIT (AP) — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after the auto industry raised questions about whether all of the inflators are defective.
Mik'maq elver fishers hope quotas create safety on N.S. rivers, but critics doubtful

Mik'maq elver fishers hope quotas create safety on N.S. rivers, but critics doubtful

HALIFAX — Indigenous elver fishers who once were at odds with federal fisheries officers say they're hopeful that a new plan to provide them quotas this season will create more peace on the water.
CWB Financial says National Bank deal remains on track, reports $62M profit

CWB Financial says National Bank deal remains on track, reports $62M profit

CWB Financial said a takeover by National Bank is on track even as it faces a legal claim that forced it to delay the release of its fourth-quarter results.
Andrew Tate can have over $3 million seized from him in tax dispute, British court says

Andrew Tate can have over $3 million seized from him in tax dispute, British court says

LONDON (AP) — A British court ruled Wednesday that police can seize more than 2.6 million pounds ($3.3 million) to cover years of unpaid taxes from influencer Andrew Tate and his brother Tristan.
What a merger between Nissan and Honda could mean for the automakers and the industry

What a merger between Nissan and Honda could mean for the automakers and the industry

BANGKOK (AP) — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger.
Supreme Court will hear arguments over the law that could ban TikTok in the US if it's not sold

Supreme Court will hear arguments over the law that could ban TikTok in the US if it's not sold

WASHINGTON (AP) — The Supreme Court on Wednesday said it will hear arguments next month over the constitutionality of the federal law that could ban TikTok in the United States if its Chinese parent company doesn't sell it.
Supreme Court will hear arguments over the law that could ban TikTok in the US if it's not sold

Supreme Court will hear arguments over the law that could ban TikTok in the US if it's not sold

WASHINGTON (AP) — The Supreme Court on Wednesday said it will hear arguments next month over the constitutionality of the federal law that could ban TikTok in the United States if its Chinese parent company doesn't sell it.