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Fed officials signal rates may head to 'restrictive' levels

Fed officials signal rates may head to 'restrictive' levels

WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high.
BMO reports profit up as loan growth continues, expenses also creep higher

BMO reports profit up as loan growth continues, expenses also creep higher

TORONTO — BMO Financial Group said Wednesday that loan growth remained strong in the second quarter as businesses kept investing and residential mortgages were up, but that it is also ramping up its risk assessments as economic pressures including in
After digital asset crash, Canadian crypto companies look to the future

After digital asset crash, Canadian crypto companies look to the future

TORONTO — The digital asset industry has seen nearly US$2 trillion in market value wiped out over the last several months — a staggering US$300 billion during the week of May 9 alone — but some crypto watchers see this moment as an opportunity for th
Turkey demands 'concrete steps' to back Nordics' NATO bids

Turkey demands 'concrete steps' to back Nordics' NATO bids

ANKARA, Turkey (AP) — A senior Turkish official insisted after talks with Swedish and Finnish officials Wednesday that Turkey would not agree to the two Nordic countries joining NATO unless specific steps are taken to address Ankara's objections.
UK's Johnson faulted for lockdown parties but won't quit

UK's Johnson faulted for lockdown parties but won't quit

LONDON (AP) — An investigative report released Wednesday blamed British Prime Minister Boris Johnson and other senior leaders for allowing boozy government parties that broke the U.K.
Twitter shareholders to meet amid Elon Musk's takeover drama

Twitter shareholders to meet amid Elon Musk's takeover drama

Twitter's regularly scheduled shareholder meeting Wednesday won't include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform. That vote will take place at a yet-undetermined date in the future.
Davos gathering overshadowed by global economic worries

Davos gathering overshadowed by global economic worries

DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine . Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic .
Scotiabank reports profits up on loan growth, higher interest margins

Scotiabank reports profits up on loan growth, higher interest margins

TORONTO — Mortgage loan growth and higher interest rates helped push Scotiabank's earnings up in the second quarter, but rising rates are expected to slow the pace of loan growth going forward.
S&P/TSX composite up more than 100 points, U.S. markets also rise

S&P/TSX composite up more than 100 points, U.S. markets also rise

TORONTO — Gains in the energy, financial and technology sectors helped Canada's main stock index to post a triple-digit gain in late-morning trading, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 101.
Trevali says bodies of four missing workers found, four more still missing

Trevali says bodies of four missing workers found, four more still missing

VANCOUVER — Trevali Mining Corp. says the bodies of four workers missing since its Perkoa Mine in Burkina Faso flooded last month have been found. Four other workers remain missing.