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National Business
US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
NEW YORK (AP) — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The S&P 500 fell 2.
Dec 18, 2024 7:53 PM
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US retreats from massive air bag recall and says industry comments show need for more investigation
DETROIT (AP) — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after the auto industry raised questions about whether all of the inflators are defective.
Dec 18, 2024 7:53 PM
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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-el
Dec 18, 2024 5:33 PM
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What is a trade deficit — and does it matter to the economy?
In a post on Truth Social early Wednesday, Donald Trump claimed his country is financially supporting its northern neighbour. The U.S.
Dec 18, 2024 5:08 PM
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TSX, U.S. markets sink as Fed forecasts fewer interest rate cuts ahead
TORONTO — Markets on both sides of the border fell sharply Wednesday afternoon after the U.S.
Dec 18, 2024 4:45 PM
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US retreats from massive air bag recall and says industry comments show need for more investigation
DETROIT (AP) — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after the auto industry raised questions about whether all of the inflators are defective.
Dec 18, 2024 3:17 PM
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Mik'maq elver fishers hope quotas create safety on N.S. rivers, but critics doubtful
HALIFAX — Indigenous elver fishers who once were at odds with federal fisheries officers say they're hopeful that a new plan to provide them quotas this season will create more peace on the water.
Dec 18, 2024 2:43 PM
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CWB Financial says National Bank deal remains on track, reports $62M profit
CWB Financial said a takeover by National Bank is on track even as it faces a legal claim that forced it to delay the release of its fourth-quarter results.
Dec 18, 2024 12:28 PM
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Andrew Tate can have over $3 million seized from him in tax dispute, British court says
LONDON (AP) — A British court ruled Wednesday that police can seize more than 2.6 million pounds ($3.3 million) to cover years of unpaid taxes from influencer Andrew Tate and his brother Tristan.
Dec 18, 2024 12:19 PM
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What a merger between Nissan and Honda could mean for the automakers and the industry
BANGKOK (AP) — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger.
Dec 18, 2024 11:40 AM
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