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Bank of England cuts main interest rate by 0.25% to 4.25% in face of US tariff uncertainty

Bank of England cuts main interest rate by 0.25% to 4.25% in face of US tariff uncertainty

LONDON (AP) — The Bank of England cut its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration .
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MDA Space reports first-quarter profit and revenue up from year ago

MDA Space reports first-quarter profit and revenue up from year ago

BRAMPTON — MDA Space Ltd. reported its first-quarter profit and revenue rose compared with a year ago. The space technology firm says it earned $32.9 million or 26 cents per diluted share in the quarter ended March 31, up from a profit of $13.
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Report calls for 'auto pact' tying duty-free vehicle imports to Canadian production

Report calls for 'auto pact' tying duty-free vehicle imports to Canadian production

TORONTO — A new report suggests that if Canada can't convince President Donald Trump to drop all auto tariffs, it should negotiate a new auto trade agreement with the U.S.
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Some Ontario mayors against communities' financial incentives to attract doctors

Some Ontario mayors against communities' financial incentives to attract doctors

Several Ontario mayors have been calling on the province to ban financial incentives municipalities use to lure in doctors, saying the recruitment tactic is harming communities that can't pony up the cash – especially those in rural and northern regi
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Long-haul carrier Emirates reports record annual profit of $5.2 billion

Long-haul carrier Emirates reports record annual profit of $5.2 billion

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates reported on Thursday that it earned annual profits of $5.2 billion, making it one of the world’s most-profitable airlines. The Dubai-based carrier served 53.
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Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of both higher unemployment and higher inflation have risen, an unus
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B.C. premier says softwood lumber accord could build "momentum" for U.S. trade deals

B.C. premier says softwood lumber accord could build "momentum" for U.S. trade deals

VICTORIA — Resolving the softwood lumber dispute could create "momentum" for a larger trade agreement between Canada and the United States, British Columbia Premier David Eby says.
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S&P/TSX composite closes up along with U.S. markets

S&P/TSX composite closes up along with U.S. markets

TORONTO — Canada's main stock index closed up along with U.S. markets on a choppy day that showed hints of cooling trade tensions while the head of the U.S. Federal Reserve warned of rising risks. The S&P/TSX composite index closed up 186.
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Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal

Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal

CALGARY — A judge has declined to hear a challenge to Parkland Corp.'s last-minute decision to delay its shareholder meeting by more than a month so investors can vote on a US$9.
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Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steady

Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steady

NEW YORK (AP) — U.S. stocks ended a choppy day higher after the Federal Reserve left its main interest rate alone, as was widely expected, but also warned about rising risks for the U.S. economy. The S&P 500 rose 0.4% Wednesday.
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