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US inflation cooled last month, though trade war threatens to lift prices

US inflation cooled last month, though trade war threatens to lift prices

WASHINGTON (AP) — U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as widespread tariffs threaten to send prices higher. The consumer price index increased 2.
Carney and Ford meet and discuss trade ahead of premier's visit to Washington

Carney and Ford meet and discuss trade ahead of premier's visit to Washington

TORONTO — Prime-minister designate Mark Carney met with Ontario Premier Doug Ford this morning, ahead of the provincial leader's trip to Washington, D.C., to discuss tariffs and free trade with a top U.S. official.
Trump's 25% tariffs on all steel and aluminum imports go into effect

Trump's 25% tariffs on all steel and aluminum imports go into effect

WASHINGTON (AP) — President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S.
Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy

Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy

OTTAWA — The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.
Canada to impose 25% tariffs on $29.8B in U.S. goods Thursday

Canada to impose 25% tariffs on $29.8B in U.S. goods Thursday

WASHINGTON — The federal government will impose 25 per cent tariffs on U.S. goods worth $29.8 billion in retaliation for the 25 per cent tariffs on steel and aluminum the administration of U.S. President Donald Trump imposed today.
EU retaliates against Trump's trade moves and hits beef, whiskey, motorcycles with targeted tariffs

EU retaliates against Trump's trade moves and hits beef, whiskey, motorcycles with targeted tariffs

BRUSSELS (AP) — The European Union on Wednesday announced retaliatory trade action with new duties on U.S.
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 cut its key policy rate by a quarter of a percentage point on Wednesday, bringing it to 2.75 per cent.
Wall Street opens higher after a report showing a welcome slowdown in inflation

Wall Street opens higher after a report showing a welcome slowdown in inflation

NEW YORK (AP) — Wall Street got some relief after an encouraging report said inflation slowed last month by more than expected, and stocks scraped back some of their sharp losses from recent weeks.
Tariff war forcing N.B. to cut trade barriers, go into deficit in next week's budget

Tariff war forcing N.B. to cut trade barriers, go into deficit in next week's budget

FREDERICTON — Nearly seven years after the New Brunswick government went to the Supreme Court to prevent the free movement of alcohol across the country, Premier Susan Holt says the tariff war with the United States is forcing the province to rethink
Ship owner says arrested captain of cargo vessel involved in North Sea collision is Russian

Ship owner says arrested captain of cargo vessel involved in North Sea collision is Russian

LONDON (AP) — The captain of a cargo ship that collided with a U.S. tanker is a Russian national who remains in U.K. police custody, the vessel’s owner said Wednesday.