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Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

WASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.
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Canadian Western Bank shares soar after National Bank tie-up announced

Canadian Western Bank shares soar after National Bank tie-up announced

Shares of Canadian Western Bank surged Wednesday on the news National Bank was buying it at a $5-billion valuation, while shares of other mid-sized banks also saw some gains as the acquisition trend continued. CWB shares closed up 68.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,961.55, up 74.21 points): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 38 cents, or 0.78 per cent, to $48.54 on 20.
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Bank of Canada needs to rebuild public trust after inflation: governor Tiff Macklem

Bank of Canada needs to rebuild public trust after inflation: governor Tiff Macklem

MONTREAL — Public trust in the Bank of Canada has been dented by post-pandemic inflation and it needs to be rebuilt, governor Tiff Macklem said on Wednesday.
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S&P/TSX composite up, U.S. stock markets mixed after Fed holds rates

S&P/TSX composite up, U.S. stock markets mixed after Fed holds rates

TORONTO — Canada's main stock index pared some of its earlier gains at the close of the trading day, while U.S. stock markets were mixed after the Federal Reserve decided to hold steady on rates. The S&P/TSX composite index was up 74.
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Collision organizers to bring North American version of Web Summit conference to B.C.

Collision organizers to bring North American version of Web Summit conference to B.C.

VANCOUVER — Global technology conference Web Summit is headed to Vancouver next May with a new North American iteration of the event.
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Dollarama ups stake in Latin American business Dollarcity, plans expansion to Mexico

Dollarama ups stake in Latin American business Dollarcity, plans expansion to Mexico

Dollarama Inc. has upped its stake in Dollarcity to 60.1 per cent and revealed it has big plans for expanding the Latin American chain.
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‘A tale of two economies’: Interest rate policy in Canada and U.S. diverging

‘A tale of two economies’: Interest rate policy in Canada and U.S. diverging

With monetary policy at the Bank of Canada and U.S. Federal Reserve diverging, experts say it could set the Canadian dollar up for volatility down the road.
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Stock market today: Wall Street climbs on hopes for coming cuts to interest rates

Stock market today: Wall Street climbs on hopes for coming cuts to interest rates

NEW YORK (AP) — U.S. stocks closed higher following a surprisingly encouraging update on inflation. The S&P 500 rose 0.
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US inflation cooled in May in a sign that price pressures may be easing

US inflation cooled in May in a sign that price pressures may be easing

WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed.
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