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Former BoC governor Stephen Poloz warns against entrenching inflation in expectations

Former BoC governor Stephen Poloz warns against entrenching inflation in expectations

BANFF, Alta. — Preventing current high inflation levels from becoming embedded into the public's expectations is key if the country is to avoid falling into recession, former Bank of Canada governor Stephen Poloz said Thursday.
S&P/TSX composite down, U.S. stock markets also lower in volatile trading

S&P/TSX composite down, U.S. stock markets also lower in volatile trading

TORONTO — Canadian and U.S. markets were again under pressure Thursday after the Federal Reserve rate decision a day earlier indicated more rate hikes, and economic pain, to come.
Wall Street ends lower as global central banks raise rates

Wall Street ends lower as global central banks raise rates

BEIJING — Stocks closed lower on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation. The S&P 500 fell 0.8% Thursday.
Loonie slides after Fed rate hike as investors retreat to safehaven U.S. dollar

Loonie slides after Fed rate hike as investors retreat to safehaven U.S. dollar

TORONTO — The Canadian dollar slid lower again Thursday, hitting lows not seen in more than two years, a day after the U.S. Federal Reserve raised its key interest rate by three-quarters of a percentage point.
Canada Jetlines, latest airline to enter the crowded field, lands first flight

Canada Jetlines, latest airline to enter the crowded field, lands first flight

The next airline hoping to pose a threat to the country's Air Canada-WestJet duopoly has landed its inaugural flight.
Powell's stark message: Inflation fight may cause recession

Powell's stark message: Inflation fight may cause recession

WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Pot sector wants packaging changes, financial relief from Cannabis Act review

Pot sector wants packaging changes, financial relief from Cannabis Act review

TORONTO — Canada’s cannabis industry is hoping a newly launched review of the legislation that paved the way for the recreational use and sale of pot will help the sector stave off more financial difficulties.
Prada, Max Mara back to pre-pandemic splendor in Milan

Prada, Max Mara back to pre-pandemic splendor in Milan

MILAN (AP) — Pre-pandemic fashion delirium is back.
Hydro One to offer First Nations chance to invest in transmission projects

Hydro One to offer First Nations chance to invest in transmission projects

TORONTO — Hydro One is offering First Nations a chance to invest in a 50 per cent equity stake in new capital transmission line projects worth more than $100 million.
Bank of England hikes rates but avoids more aggressive step

Bank of England hikes rates but avoids more aggressive step

LONDON (AP) — Britain’s central bank raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but it avoided more aggressive steps to tame inflation taken by the U.S.
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