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Stock Market Today: Asian shares track Wall Street's selloff after Fed hints at 2 rate cuts in 2025

Stock Market Today: Asian shares track Wall Street's selloff after Fed hints at 2 rate cuts in 2025

BANGKOK (AP) — Shares skidded Thursday in Asia after U.S. stocks tumbled to one of their worst days of the year when the Federal Reserve hinted it may deliver fewer rate cuts in 2025 than earlier thought.
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Campaign urges skilled labour to 'Stay with B.C.' to counter efforts from Alberta

Campaign urges skilled labour to 'Stay with B.C.' to counter efforts from Alberta

VANCOUVER — The Business Council of British Columbia has launched an awareness campaign to counter the province's rising outward migration to Alberta. The business advocacy group says its "Stay with B.C.
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US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

NEW YORK (AP) — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The S&P 500 fell 2.
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US retreats from massive air bag recall and says industry comments show need for more investigation

US retreats from massive air bag recall and says industry comments show need for more investigation

DETROIT (AP) — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after the auto industry raised questions about whether all of the inflators are defective.
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Survivors' Secretariat warns it's at risk of bankruptcy without funding decision

Survivors' Secretariat warns it's at risk of bankruptcy without funding decision

OTTAWA — An organization that works to document what happened at a notorious residential school says it's at risk of going bankrupt by the end of the month unless Canada makes a decision on whether it will fund the group's work.
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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-el
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What is a trade deficit — and does it matter to the economy?

What is a trade deficit — and does it matter to the economy?

In a post on Truth Social early Wednesday, Donald Trump claimed his country is financially supporting its northern neighbour. The U.S.
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TSX, U.S. markets sink as Fed forecasts fewer interest rate cuts ahead

TSX, U.S. markets sink as Fed forecasts fewer interest rate cuts ahead

TORONTO — Markets on both sides of the border fell sharply Wednesday afternoon after the U.S.
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US retreats from massive air bag recall and says industry comments show need for more investigation

US retreats from massive air bag recall and says industry comments show need for more investigation

DETROIT (AP) — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after the auto industry raised questions about whether all of the inflators are defective.
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Mik'maq elver fishers hope quotas create safety on N.S. rivers, but critics doubtful

Mik'maq elver fishers hope quotas create safety on N.S. rivers, but critics doubtful

HALIFAX — Indigenous elver fishers who once were at odds with federal fisheries officers say they're hopeful that a new plan to provide them quotas this season will create more peace on the water.
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