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Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
WASHINGTON (AP) — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.
Jul 3, 2024 4:10 PM
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B.C. government to launch online portal to combat 'bad faith' evictions
The B.C. government says a new online portal launching this month will combat bad-faith evictions made by landlords who falsely claim to be putting a property to "personal use," only to increase rent on the unit.
Jul 3, 2024 4:04 PM
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More rental housing development needed despite recent rise: RBC economist
Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill the backlog of demand.
Jul 3, 2024 2:59 PM
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GM will pay $146M in federal penalties because 5.9 million older vehicles emit excess carbon dioxide
WASHINGTON (AP) — General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don't comply with emissions and fuel economy standards.
Jul 3, 2024 1:05 PM
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Stock market today: Wall Street hits records as a slowing economy boosts hopes for lower rates
NEW YORK (AP) — Wall Street’s record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates. The S&P 500 rose 0.5% Wednesday to set an all-time high for the 33rd time this year.
Jul 3, 2024 1:05 PM
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Boil-water advisory lifted in Halifax and surrounding areas
HALIFAX — A boil-water advisory that had affected more than 200,000 people living and working in Halifax and the surrounding area was lifted Wednesday morning, 40 hours after it came into effect.
Jul 3, 2024 12:58 PM
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Statistics Canada says merchandise trade deficit widened to $1.9B in May
OTTAWA — Canada's merchandise trade deficit widened to $1.9 billion in May as exports fell to their lowest level since July last year. The result compared with a revised trade deficit of $1.3 billion for April, Statistics Canada said Wednesday.
Jul 3, 2024 12:30 PM
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Vancouver home sales fall 19 per cent in June as inventory continues to build: board
VANCOUVER — Greater Vancouver's real estate board says the number of homes sold in June tumbled 19.1 per cent from the previous year as inventory continued accumulating to levels not seen since the spring of 2019.
Jul 3, 2024 11:44 AM
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Ontario to boost advertising dollars to news publishers
TORONTO — Ontario plans to help the province's beleaguered news industry with a change in advertising rules. The province has directed its four largest agencies to spend 25 per cent of its advertising dollars on Ontario publishers.
Jul 3, 2024 11:14 AM
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Daikin, Amana and Goodman heat pumps recalled due to excessive heat exposure risk
Health Canada says thousands of heat pumps sold in the country are being recalled over a risk of excessive heat exposure. The recall includes multiple models of Daikin, Amana and Goodman-branded heat pumps.
Jul 3, 2024 10:15 AM
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