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Rate hold means status quo for Canada's struggling housing market: experts

Rate hold means status quo for Canada's struggling housing market: experts

TORONTO — Real estate watchers say the Bank of Canada's decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo.
Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

NEW YORK (AP) — U.S. shoppers stepped up their shopping last month, fueled by a spending spree on big ticket items, particularly cars, before President Donald Trump’s expansive new tariffs started kicking in.
Gas firm says a contractor is dead in a gas plant fire near Fort St. John, B.C.

Gas firm says a contractor is dead in a gas plant fire near Fort St. John, B.C.

FORT ST. JOHN — A contractor has been killed and another person hurt in a fire in a gas plant north of Fort St. John, B.C. Alberta-based Tourmaline Oil, which runs the Gundy oil and gas extraction facility in Wonowon, B.C.
S&P/TSX composite rises more than 200 points Tuesday, U.S. stock markets move lower

S&P/TSX composite rises more than 200 points Tuesday, U.S. stock markets move lower

TORONTO — Canada's main stock index rose more than 200 points Tuesday, led by gains in technology and financial stocks, while U.S. stocks moved lower to erase gains from earlier in the day. The S&P/TSX composite index closed up 201.
Wall Street drifts through a rare quiet day following weeks of tariff turmoil

Wall Street drifts through a rare quiet day following weeks of tariff turmoil

NEW YORK (AP) — U.S. stocks drifted to a mixed close in a rare quiet day for financial markets worldwide. The S&P 500 slipped 0.2% Tuesday. The Dow Jones Industrial Average fell 0.4%, and the Nasdaq composite slipped less than 0.1%.
Bank of Canada rate decision too close to call after soft March inflation report

Bank of Canada rate decision too close to call after soft March inflation report

OTTAWA — A surprise slowdown in inflation last month has turned the Bank of Canada's interest rate decision on Wednesday into a coin toss, with some economists leaning toward a hold and others saying a cut is warranted.
CIBC becomes latest founding partner of WNBA expansion side Toronto Tempo

CIBC becomes latest founding partner of WNBA expansion side Toronto Tempo

TORONTO — CIBC has become a founding partner of the WNBA-expansion Toronto Tempo. CIBC will become the basketball team's official bank and appear on team jerseys when the Tempo begin play in 2026.
Statistics Canada says manufacturing sales rose 0.2 per cent to $72.9B in February

Statistics Canada says manufacturing sales rose 0.2 per cent to $72.9B in February

OTTAWA — Statistics Canada says total manufacturing sales rose to their highest level since September 2023 as they climbed 0.2 per cent to $72.9 billion in February.
Relaxed U.S. tariffs on electronics help drive market gains in U.S., Canada

Relaxed U.S. tariffs on electronics help drive market gains in U.S., Canada

News of relaxed U.S. tariffs on smartphones and other electronics helped propel gains on Canadian and U.S. stock markets on Monday after last week's dizzying ups and downs.
Meta faces historic antitrust trial that could force it to break off Instagram, WhatsApp

Meta faces historic antitrust trial that could force it to break off Instagram, WhatsApp

WASHINGTON (AP) — A historic antitrust trial began Monday for Meta Platforms Inc.
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