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Economy, Law & Politics

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this wee
S&P/TSX composite index up more than 200 points, U.S. stock markets mixed

S&P/TSX composite index up more than 200 points, U.S. stock markets mixed

TORONTO — ÎÚÑ»´«Ã½'s main stock index gained more than 200 points Thursday, led higher by technology and base metals, while U.S. stock markets were mixed.
Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Stock market today: Most of Wall Street rises after the Fed cuts interest rates

NEW YORK (AP) — Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy. The S&P 500 climbed 0.7% Thursday.
NDP calls on federal government to allow open work permits for temporary workers

NDP calls on federal government to allow open work permits for temporary workers

OTTAWA — A parliamentary committee is calling on the government to change how it handles permits for temporary workers after a UN report said the system creates "a breeding ground for contemporary forms of slavery.
British Columbians expected to be ÎÚÑ»´«Ã½'s biggest holiday spenders, says BMO

British Columbians expected to be ÎÚÑ»´«Ã½'s biggest holiday spenders, says BMO

ÎÚÑ»´«Ã½ residents will spend $343 more than the national average, but 53 per cent of them feel financial anxiety toward holiday spending, says survey.
Comment: Thoughts on Trump's stunning victory

Comment: Thoughts on Trump's stunning victory

Trump’s victory is part of a rightward trend in democracies across the world.
Health-care spending expected to outpace economy and reach $372 billion in 2024: CIHI

Health-care spending expected to outpace economy and reach $372 billion in 2024: CIHI

The Canadian Institute for Health Information says health-care spending in ÎÚÑ»´«Ã½ is projected to reach a new high in 2024. The annual report released Thursday says total health spending is expected to hit $372 billion, or $9,054 per Canadian.
City of North Vancouver bans new currency exchanges at street level

City of North Vancouver bans new currency exchanges at street level

Critics say the ban sends the wrong message to Iranian Canadians on the North Shore as well as the North Van business community
Trump clinches victory; Trudeau touts ÎÚÑ»´«Ã½-U.S. relationship as 'envy of the world'

Trump clinches victory; Trudeau touts ÎÚÑ»´«Ã½-U.S. relationship as 'envy of the world'

WASHINGTON — Donald Trump clinched the United States election after a tumultuous campaign and Canadian officials talked up the important relationship between neighbours in congratulating the former president on his extraordinary comeback on Wednesday
Ex-Burnaby optician who swindled pensioner banned from ÎÚÑ»´«Ã½ securities market for life

Ex-Burnaby optician who swindled pensioner banned from ÎÚÑ»´«Ã½ securities market for life

The BC Securities Commission has permanently banned Naresh (Nash) Mann from ÎÚÑ»´«Ã½'s capital markets, but he will be allowed to manage his own investments.