ft.com
Canada’s central bank has cut its main interest rate, making it the first G7 nation to loosen monetary policy in the current cycle. The Bank of Canada lowered its policy rate to 4.75 per cent on Wednesday, having held it at 5 per cent since July last year. Traders on Tuesday had placed the probability of a June rate cut at 84 per cent, according to a Reuters poll. “Governing council decided monetary policy no longer needs to be as restrictive,” BoC governor Tiff Macklem said. “We’ve come a lo…
7 months ago
ft.com
Canada’s authorities have arrested and charged three Indian nationals with the fatal shooting of a Sikh separatist leader in British Columbia last year, an event that heightened tensions between Ottawa and New Delhi. The Royal Canadian Mounted Police said they had arrested Karanpreet Singh, Kamalpreet Singh and Karan Brar in Edmonton, Alberta, on Friday. The three men were charged with first-degree murder and conspiracy to commit murder for the killing of Hardeep Singh Nijjar outside Vancouver…
8 months ago
ft.com
Canada’s oil industry lost a promising outlet for its crude when the controversial Keystone XL pipeline south to the US was cancelled in 2021. This week it gained another route. A newly expanded Trans Mountain pipeline started commercial operations on Wednesday, funnelling more barrels from landlocked Alberta towards tanker berths on the Pacific coast in British Columbia. The most expensive infrastructure project in Canada’s history, the C$34bn (US$25bn) pipeline expansion was first proposed a…
8 months ago
ft.com
US stocks registered their first negative quarter of 2023 on Friday, ruling off on a bumpy three months for equities and bonds as investors shifted to the likelihood that although inflationary pressures may be easing, interest rates will probably remain higher for longer. Wall Street’s benchmark S&P 500 fell 0.3 on Friday and notched a 3.7 per cent decline since the end of June, its first negative quarter in 12 months. The tech-heavy Nasdaq Composite rose 0.1 per cent on Friday, but dropped 4.1…
about 1 year ago
ft.com
Report shows 300% increase in demand for GLP-1 weight loss and diabetes drugs
about 1 year ago
ft.com
New Brunswick company controls country’s largest petroleum refinery and other fuel assets
over 1 year ago
ft.com
US home goods retailer says it does not have enough cash to repay debts of more than $1bn owed to the bank
almost 2 years ago
ft.com
US equities drop and oil prices stabilise as outlook for world’s second-biggest
economy becomes muddy
about 2 years ago
ft.com
News, analysis and comment from the Financial Times, the worldʼs leading global
business publication
about 2 years ago
ft.com
News, analysis and comment from the Financial Times, the worldʼs leading global
business publication
about 2 years ago
ft.com
News, analysis and comment from the Financial Times, the worldʼs leading global
business publication
about 2 years ago
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