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Text of the Bank of Canada's latest interest rate decision

Text of the Bank of Canada's latest interest rate decision

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.
Stock market today: Wall Street opens higher and recovers much of the ground it lost a day earlier

Stock market today: Wall Street opens higher and recovers much of the ground it lost a day earlier

NEW YORK (AP) — Stocks are recovering much of their sharp losses from the day before, which was Wall Street’s worst in three weeks. The S&P 500 was 0.7% higher early Wednesday. The Dow rose 240 points, and the Nasdaq composite was 1% higher.
Canada Infrastructure Bank and First Nations Bank sign infrastructure loan deal

Canada Infrastructure Bank and First Nations Bank sign infrastructure loan deal

SASKATOON — The Canada Infrastructure Bank has signed a $100-million deal with the First Nations Bank of Canada to help Indigenous communities borrow money to build infrastructure.
British governing party announces tax cuts that it hopes can lift ailing election fortunes

British governing party announces tax cuts that it hopes can lift ailing election fortunes

LONDON (AP) — British Treasury chief Jeremy Hunt is seeking to bolster spirits within his Conservative Party ranks with a series of tax cuts that he hopes can turn the political dial ahead of a general election this year.
Shania Twain now has a Barbie modelled after her: 'My own projection of myself'

Shania Twain now has a Barbie modelled after her: 'My own projection of myself'

As a young girl, Shania Twain says she used to make her own dolls, modelled after Barbie. Her family couldn't afford to buy her the real deal, Twain says, so she took matters into her own hands.
Canfor Corp. reports $117-million loss in fourth quarter after 'challenging' 2023

Canfor Corp. reports $117-million loss in fourth quarter after 'challenging' 2023

VANCOUVER — Canfor Corp. says it lost $117.1 million in the fourth quarter of 2023, a smaller loss than $207.9 million a year earlier. The Vancouver-based company says sales totalled $1.28 billion, down from $1.
Montreal's Just for Laughs cancels summer comedy festival, seeks creditor protection

Montreal's Just for Laughs cancels summer comedy festival, seeks creditor protection

MONTREAL — Members of the comedy world say they're saddened by the cancellation of this year's Just for Laughs Montreal comedy festival, whose years of shows have highlighted some of the industry’s biggest names and launched the careers of many comed
Federal tax change could raise electricity, gas bills in some provinces

Federal tax change could raise electricity, gas bills in some provinces

OTTAWA — A proposed income tax change to crack down on cross-border tax avoidance could unintentionally hike power bills and natural gas rates for consumers, Electricity Canada is warning.
Nuvei earns US$14.1 million in fourth quarter, revenues also rise

Nuvei earns US$14.1 million in fourth quarter, revenues also rise

MONTREAL — Nuvei Corp. says it earned US$14.1 million in the fourth quarter, up from US$9.4 million a year earlier. The Montreal-based payment technology company, which reports in U.S. dollars, says revenue for the quarter ended Dec. 31 was US$321.
Stellantis to produce electric muscle cars in Windsor. Ont. plant

Stellantis to produce electric muscle cars in Windsor. Ont. plant

WINDSOR, Ont. — Stellantis says its electric Dodge Charger will be built at the Windsor, Ont. assembly plant. The automaker says the EV version marks the arrival of the next generation of Dodge muscle cars.