Inflation Data Gives Bank of Canada Flexibility to Hold Rates
Weak core inflation amid oil price spikes gives Bank of Canada leeway to hold rates steady, economists say. CPI rose 2.8% in April, below forecasts.
Weak core inflation amid oil price spikes gives Bank of Canada leeway to hold rates steady, economists say. CPI rose 2.8% in April, below forecasts.
Statistics Canada will release April inflation data, with analysts predicting a surge due to rising oil prices. The report could impact consumer costs and economic policy.
Liquidators of China Evergrande are seeking US$8.4 billion from accounting firm PwC in a Hong Kong lawsuit, alleging negligence in audits before the property giant's collapse.
A woman was seriously injured in a single-vehicle rollover crash in Toronto's west end early Sunday morning. Police are investigating the incident.
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RecommendedThe Ontario Energy Board has rejected Hydro Ottawa's proposed $6 per month increase in distribution rates, citing insufficient justification. The utility sought the hike to fund infrastructure upgrades.
Canada's banking regulator launches a pilot to streamline bank licensing for fintechs and credit unions, but experts call for broader reforms including open banking and proportional regulation.
The S&P/TSX composite dropped more than 400 points on May 15, 2026, as US markets also fell amid economic uncertainty and global trade tensions.
A man from Jarvis, Ontario has won the $44 million LOTTO 6/49 Gold Ball jackpot, marking one of the largest lottery wins in the region.
A Blue Jays fan from Edmonton won $2 million on a 50/50 ticket, marking one of the largest prizes in the team's history.
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RecommendedQuebecor reports higher first-quarter profit and average revenue per user, driven by telecom and media growth.
A 36-year-old man faces multiple charges after allegedly stealing a school bus and crashing it into a McDonald's drive-thru in Ajax, Ont., while impaired.
Klarna reported better-than-expected profit and revenue for the latest quarter, but its forward guidance missed analyst estimates, causing shares to dip.
Canadian Tire Corp. reports higher first-quarter profit and revenue compared to a year ago, driven by strong retail sales and operational efficiency.
Asian markets mostly gained as investors watched the Trump-Xi summit, while Canada's TSX fell nearly 250 points. U.S. markets showed mixed results with big tech stocks gaining.
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RecommendedDespite record highs, concerns like creeping inflation, concentrated gains, and ongoing wars may pose risks. Peter Hodson highlights five lurking worries.
Former New York judge Edward Harold King and developer Yechiel Sprei face wire fraud charges for allegedly duping investors out of $6.5 million in a bogus property deal.
President Trump again claims Canada prohibits US banks, but experts say it's false. Canadian banking regulations allow US banks to operate freely.
Goeasy Ltd. missed Q1 earnings expectations with a loss of $1.90 per share, but analysts note credit improvements and stabilization amid ongoing portfolio challenges.
The Senate confirmed Kevin Warsh as Federal Reserve chair in a party-line vote. He faces inflation, divided committee, and pressure from Trump while vowing independence.
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RecommendedKevin Warsh has been confirmed by the Senate as the next Federal Reserve chair, facing the challenge of taming inflation that threatens the U.S. economy.
Three individuals face charges after police dismantle drug trafficking operations in three suites of a Downtown Eastside building, seizing drugs, weapons, and cash.
Canada's main stock index fell over 200 points on Wednesday, while U.S. markets showed mixed results amid oil price concerns and tech layoff announcements.
Wall Street remained stable on May 13, 2026, despite disappointing inflation data, as tech stocks rebounded. Markets showed resilience amid economic concerns.
Toronto police seek suspects after $500K worth of jewelry was stolen during an armed robbery at Spadina Avenue and Bremner Boulevard. Images released.
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RecommendedU.S. stocks showed mixed results early Monday while oil prices remained stable as President Trump arrived in Beijing for high-stakes talks with China's Xi Jinping.
Canada's mortgage debt tops $2.4 trillion, Dunkin' Donuts plans hundreds of Canadian locations, BMO sells transport financing, and tax planning tips.
The U.S. customs agency has finalized $35.5 billion in tariff refunds as of May 11, 2026, impacting trade and businesses.
The U.S. Senate confirmed Kevin Warsh to the Federal Reserve Board on Tuesday, with a vote for Fed chair expected Wednesday amid ongoing economic policy debates.
Ukraine's authorities have named Andriy Yermak, former chief of staff to President Zelenskyy, as a suspect in a money-laundering investigation. The probe marks a significant development in Ukraine's anti-corruption efforts.
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RecommendedSeven individuals face charges following an OPP investigation into alleged bribery of driver examiners in the Greater Toronto Area, undermining licensing integrity.