Skip to content

National Business

Top Fed official backs new rate cuts even if Trump tariffs materialize

Top Fed official backs new rate cuts even if Trump tariffs materialize

WASHINGTON (AP) — A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration.
Top Fed official backs more rate cuts even if Trump tariffs materialize

Top Fed official backs more rate cuts even if Trump tariffs materialize

WASHINGTON (AP) — A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration.
Austrian Foreign Minister Alexander Schallenberg to serve as the country's interim leader

Austrian Foreign Minister Alexander Schallenberg to serve as the country's interim leader

VIENNA (AP) — Austrian Foreign Minister Alexander Schallenberg will serve as the country's interim leader while the far-right Freedom Party attempts to put together a new coalition government, the president's office said Wednesday.
Austrian foreign minister Schallenberg to serve as the country's interim leader

Austrian foreign minister Schallenberg to serve as the country's interim leader

VIENNA (AP) — Austrian Foreign Minister Alexander Schallenberg will serve as the country's interim leader while the far-right Freedom Party attempts to put together a new coalition government, the president's office said Wednesday.
'What are we talking about?' Experts respond to Trump's 'economic force' comments

'What are we talking about?' Experts respond to Trump's 'economic force' comments

TORONTO — Incoming U.S. president Donald Trump's threats to use "economic force" against Canada and its industries are sparking worry and disbelief.
Biden administration withdraws old growth forest plan after getting pushback from industry and GOP

Biden administration withdraws old growth forest plan after getting pushback from industry and GOP

BILLINGS, Mont. (AP) — The Biden administration on Tuesday abruptly dropped its nascent plan to protect old growth forests after getting pushback from Republicans and the timber industry. The move was announced by U.S.
Biden administration withdraws old growth forest plan after getting pushback from industry and GOP

Biden administration withdraws old growth forest plan after getting pushback from industry and GOP

BILLINGS, Mont. (AP) — The Biden administration on Tuesday abruptly dropped its nascent plan to protect old growth forests after getting pushback from Republicans and the timber industry. The move was announced by U.S.
Ontario launching rebates for energy efficient home renovations and upgrades

Ontario launching rebates for energy efficient home renovations and upgrades

TORONTO — Ontario is introducing two new energy efficiency programs, including one offering rebates for certain home improvements. The Home Renovation Savings Program, launching Jan.
S&P/TSX composite down Tuesday, U.S. stock markets fall after new economic data

S&P/TSX composite down Tuesday, U.S. stock markets fall after new economic data

TORONTO — Canada's main stock index moved lower Tuesday, led by losses in technology, while the sector led U.S. markets to erase Monday's gains. The S&P/TSX composite index closed down 69.90 points at 24,929.89.
Stock market today: Wall Street slumps as good news for economy reverts to being bad news for stocks

Stock market today: Wall Street slumps as good news for economy reverts to being bad news for stocks

NEW YORK (AP) — Good news on the U.S. economy is back to being bad for Wall Street. The S&P 500 swung to a loss of 1.1% after a pair of reports on the economy came in better than expected. The Dow Jones Industrial Average dropped 0.