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BoC expected to lower interest rates again, with odds leaning toward larger cut

BoC expected to lower interest rates again, with odds leaning toward larger cut

OTTAWA — Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada on Wednesday, which would bring its key rate down to 3.25 per cent.
Finance minister says government's fiscal update coming Dec. 16

Finance minister says government's fiscal update coming Dec. 16

OTTAWA — Finance Minister Chrystia Freeland will publish the government's fall economic statement on Dec. 16, just before members of Parliament are expected to head home for the holidays.
Canadian Western Bank says legal claim is the reason it delayed earnings release

Canadian Western Bank says legal claim is the reason it delayed earnings release

EDMONTON — CWB Financial Group says a legal claim against one of its subsidiaries is the reason behind the delay of the release of its fourth-quarter and full-year financial results.
Air Canada CEO Michael Rousseau elected chairperson of Star Alliance CEO board

Air Canada CEO Michael Rousseau elected chairperson of Star Alliance CEO board

MONTREAL — The chief executive of Air Canada has been elected as the new chairperson of the Star Alliance chief executive board. Michael Rousseau succeeds United Airlines chief executive Scott Kirby, who has held the title since December 2020.
Lundin selling pair of mines in Europe to Boliden AB in deal worth up to US$1.52B

Lundin selling pair of mines in Europe to Boliden AB in deal worth up to US$1.52B

VANCOUVER — Lundin Mining Corp. has signed a deal to sell a pair of mines in Europe to Boliden AB in an agreement valued at up to US$1.52 billion.
Omnicom to buy Interpublic, creating ad agency giant with nearly $26 billion in annual revenue

Omnicom to buy Interpublic, creating ad agency giant with nearly $26 billion in annual revenue

Omnicom is buying Interpublic Group in a stock-for-stock deal that will create an advertising powerhouse with combined annual revenue of almost $26 billion. Shareholders of The Interpublic Group of Companies Inc. will receive 0.
An explosion at a fuel depot in central Italy kills 2 and injures 9

An explosion at a fuel depot in central Italy kills 2 and injures 9

MILAN (AP) — A fuel depot exploded in the central Italian region of Tuscan on Monday, killing at least two people and injuring nine, authorities said.
Fast food 'value war' to last into 2025 as consumer appetite for deals heats up

Fast food 'value war' to last into 2025 as consumer appetite for deals heats up

TORONTO — It's lunch time at the Eaton Centre mall in downtown Toronto and every corner of the food court is hungry for customers. Bourbon St.
Will he or won't he? Signs that Ford may call an early Ontario election stack up

Will he or won't he? Signs that Ford may call an early Ontario election stack up

TORONTO — Inside Ontario's legislature, the halls are decked, the sounds of children’s choirs singing Christmas carols waft down the corridors, and in the air there’s a feeling of an election.
‘Polarization’ is Merriam-Webster’s 2024 word of the year

‘Polarization’ is Merriam-Webster’s 2024 word of the year

Paradoxically, people tend to see eye to eye on the word itself.
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