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Powell says 'no decision' on the Fed's next move on rates

Powell says 'no decision' on the Fed's next move on rates

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank's policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation.
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Canaccord shareholder seeks to remove special committee directors who oppose buyout

Canaccord shareholder seeks to remove special committee directors who oppose buyout

TORONTO — A shareholder of Canaccord Genuity Group Inc. wants to remove the four directors on the company's board that form a special committee that has opposed a buyout offer for the firm by a management-led group of employees. Skky Capital Corp.
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BoC holds key rate for first time in a year, allowing itself to diverge from the Fed

BoC holds key rate for first time in a year, allowing itself to diverge from the Fed

OTTAWA — The Bank of Canada is holding its key interest rate steady for the first time in a year, sticking to its wait-and-see approach even as its U.S. counterpart charts a more aggressive path.
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Biden budget aims to cut deficits nearly $3T over 10 years

Biden budget aims to cut deficits nearly $3T over 10 years

WASHINGTON (AP) — President Joe Biden's upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, according to an administration official.
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Higher rates offer conservative investors chance to earn yield from fixed income

Higher rates offer conservative investors chance to earn yield from fixed income

OTTAWA — After years of sitting at rock bottom levels, higher interest rates are forcing Canadians with debt to pay more and crimping budgets — but for investors in need of income from their portfolio, higher rates are a welcome sight.
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Statistics Canada reports $1.9B merchandise trade surplus for January

Statistics Canada reports $1.9B merchandise trade surplus for January

OTTAWA — Canada posted a merchandise trade surplus of $1.9 billion in January, helped by exports of wheat, canola oil and soybeans, Statistics Canada said Wednesday. The agency said the result compared with a revised surplus of $1.
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The Bank of Canada held its key interest rate steady. What the announcement says

The Bank of Canada held its key interest rate steady. What the announcement says

OTTAWA — The Bank Canada kept its key interest rate target on hold at 4.5 per cent on Wednesday. Here is the text of the central bank's statement announcing the decision: The Bank of Canada today held its target for the overnight rate at 4.
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January US job openings dip, but still high at 10.8 million

January US job openings dip, but still high at 10.8 million

WASHINGTON (AP) — U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve. Job openings fell from 11.
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First Quantum reaches new profit-sharing deal with Panama for Cobre Panama mine

First Quantum reaches new profit-sharing deal with Panama for Cobre Panama mine

TORONTO — First Quantum Minerals Ltd. says it has reached an agreement to settle its dispute with the government of Panama over profit-sharing at the Canadian miner's Cobre Panama mine.
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One month after cyberattack hit, what's next for Indigo?

One month after cyberattack hit, what's next for Indigo?

One month after a cyberattack hit Indigo Books & Music Inc., Canada's biggest bookstore chain is back online, although, still grappling with the fallout.
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