Breadcrumb Trail Links PMN Business The Bank of Canada is likely to cut interest rates for a seventh straight meeting on Wednesday as the country braces for a trade war that will plunge the economy into recession unless there’s a swift resolution. Author of the article: Bloomberg News Erik Hertzberg Published Mar 11, 2025 • […]
Article content (Bloomberg) — Vice President JD Vance on Tuesday urged all House Republicans to support a stopgap funding package set for a vote later in the day, arguing that its passage was essential to keep President Donald Trump’s agenda on schedule. Article content The spending bill would avert a government shutdown on Saturday and […]
Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Didi Tang Published Mar 11, 2025 • Last updated 26 minutes ago • 3 minute read FILE – Workers construct the hull of a vessel at the STX shipbuilding plant on Changxing Island, on the outskirt of Dalian, in northeast China’s Liaoning province, […]
Breadcrumb Trail Links PMN Business The S&P 500 Index is on track to close in a correction on Tuesday, its first since late 2023, after dropping 10% from its Feb. 19 high as investors grow increasingly worried about an economic downturn and sell risky assets in favor of safe havens. Author of the article: Bloomberg […]
Article content Police say five men from the Greater Toronto Area have been charged in an investigation into commercial break-ins that saw hundreds of thousands of dollars in thefts in Guelph, Ont., and other areas. Article content Guelph police say the investigation that began in December involves break-ins at nine convenience stores and one auto […]
Article content (Bloomberg) — Emerge Canada Inc., an investment firm known for selling Toronto-listed versions of Cathie Wood’s popular exchange-traded funds, has allegedly violated securities laws, according to Ontario’s securities regulator. Article content The Ontario Securities Commission alleges Emerge “acted in its own interests by knowingly taking an estimated C$6 million of investor money in […]
Article content (Bloomberg) — US Commerce Secretary Howard Lutnick signaled he doesn’t expect a reprieve on 25% tariffs for steel and aluminum imports scheduled to take effect on Wednesday. Article content The levies, ordered by President Donald Trump in February, include imports from Canada and Mexico — which are among the top foreign suppliers — […]
Article content (Bloomberg) — Israel halted its already limited supply of electricity to the Gaza Strip, a move the government called a response to the Hamas hostage crisis and which a liaison officer said would suspend production by a desalination plant in the war-wracked enclave. Article content A six-week Gaza truce, involving limited swaps of […]
Article content (Bloomberg) — A new Gaza ceasefire deal under which Israel would recover all hostages held by Hamas is possible, even within weeks, a US negotiator said after holding rare direct talks with the Palestinian militant group. Article content A six-week truce mediated by Qatar and Egypt expired on March 2, leaving the sides […]
Breadcrumb Trail Links PMN Business Bond traders are signaling an increasing risk that the US economy will stall as President Donald Trump’s chaotic tariff rollouts and federal-workforce cuts threaten to further restrain the pace of growth. Author of the article: Bloomberg News Michael Mackenzie and Liz Capo McCormick Published Mar 09, 2025 • 4 minute […]