Federal Reserve Chair Jerome Powell has thrown the timing of interest rate cuts into doubt, saying the U.S. central bank wants to see more progress made on lowering inflation.Powell also stressed that he is in no rush to ease monetary policy and that interest rates will only be lowered once inflation moves back down to the Fed’s 2% annualized target. Speaking at Stanford University, Powell said: “We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward two per cent.”The latest comments from the…
Category: Canada
Aeroports de Montreal plans to invest $4B by 2028
Aeroports de Montreal says it plans to invest nearly $4 billion between now and 2028 to improve access to the Montreal-Pierre Elliott Trudeau International Airport.
Weather: Traffic slippery, schoolbuses running following overnight storm, snowfall warning remains
Ottawa and area is digging out from the one of the winter’s biggest storms Thursday, with about 11 cm of snow and 15 mm of rain deposiuted since Wednesday afternoon. Police have urged caution for the morning commute, with most roads continue to be slippery. The storm has left a layer of heavy, wet snow […]
PM in Winnipeg for housing announcement as budget day nears
Prime Minister Justin Trudeau is set to make a housing announcement in Winnipeg today.
Man killed outside gym in Laval, vehicle torched in Montreal
A man in his 20s is dead after a shooting outside a gym in Laval.
Measles identified in Ontario adult who recently travelled through Toronto Pearson airport
Another confirmed case of measles has been identified in an Ontario adult who had recently travelled abroad through Toronto Pearson International Airport.
Power outages, school closures as snow hits Quebec
There are more than a quarter of a million homes without power across Quebec as snow continues to blanket the province.
As NATO alliance marks 75 years, Russia and Donald Trump again threaten its future
Brussels is playing host to foreign ministers from 32 countries this week to mark 75 years since the formation of the North Atlantic Treaty Organization.
Cultural long-term care admissions drying up in Ontario due to new priority rules
In an Italian long-term care home in Toronto, about three new non-Italian residents are admitted each month due to government changes to priority rules, leaving them confused and isolated in a setting where they do not speak the language.
Cultural LTC admissions drying up in Ontario due to new priority rules
In an Italian long-term care home in Toronto, about three new non-Italian residents are admitted each month due to government changes to priority rules, leaving them confused and isolated in a setting where they do not speak the language.