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Macklem says interest rate cut in June possible after holding policy rate once again

Macklem says interest rate cut in June possible after holding policy rate once again

OTTAWA — The Bank of Canada is keeping the door open to an interest rate cut in June even as it emphasized that it won't be rushed into it if inflation shoots back up.
Stock market today: Wall Street falls after hot inflation report burns hopes for a June rate cut

Stock market today: Wall Street falls after hot inflation report burns hopes for a June rate cut

NEW YORK (AP) — U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend. The S&P 500 lost 0.9% Wednesday. The Dow Jones Industrial Average gave back 1.
Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts

WASHINGTON (AP) — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often
Grocery inflation to fall below two per cent this spring, report predicts

Grocery inflation to fall below two per cent this spring, report predicts

Grocery inflation will fall below two per cent by the spring and stay roughly between one and two per cent for the rest of 2024, predicts a new report on the food and beverage industry.
B.C. building code to allow mass timber in buildings up to 18 storeys, up from 12

B.C. building code to allow mass timber in buildings up to 18 storeys, up from 12

VANCOUVER — The use of mass timber in British Columbia is moving up and expanding to schools, libraries and other construction.
Federal Reserve minutes: Some officials highlighted worsening inflation last month

Federal Reserve minutes: Some officials highlighted worsening inflation last month

WASHINGTON (AP) — Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported Wednesday that price increases re-accelerated last month.

Town creates public art ordinance after free speech debate over doughnut mural

CONCORD, N.H.
Studio behind hit ‘Sound of Freedom’ wants to give audiences greenlight power

Studio behind hit ‘Sound of Freedom’ wants to give audiences greenlight power

LAS VEGAS (AP) — Angel Studios wants to give audiences the power to decide what movies are made.
Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer-vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing

Rate expectations: What’s the neutral rate, and why did the Bank of Canada raise it?

The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed.