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The U.S. Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year.

Rising gas prices pushed inflation to a three-year high last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration.

Trump said he wanted Warsh to be 'fully independent' in his new role, but also urged him to recognize that 'growth does not mean inflation.'

Experts say a sharp rise in U.S. bond yields this week was a major warning sign about inflation, interest rates and economic uncertainty.

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled.

The Fed’s rate-setting committee reached its decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.

Bessent said the yen's substantial undervaluation could trigger other economic problems or competitive devaluations of other currencies "which is unhealthy."

U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June.

The U.S. stock market is drifting in mixed trading Wednesday, while oil prices climb another 3 per cent as fighting continues in the war with Iran.

U.S. Attorney Jeannine Pirro said her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinize them instead.

U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook.

Optimism over a tentative peace deal between the U.S. and Iran continues to push world oil prices lower, despite concerns it could take weeks for oil to start flowing freely again.

Jerome Powell plans to remain on the board of the U.S. Federal Reserve after his term as chair ends next month, citing 'unprecedented' legal attacks by the Trump administration

Shares of Elon Musk's SpaceX have been choppy Tuesday following a three-session selloff that wiped out more than US$600 billion from the company's market value.

The American job market has been recovering from a dismal 2025. Last year, the U.S. added fewer than 10,000 jobs a month, least outside a recession since 2002.

The obituary for William (Bill) Wilson, who partook in the bloody D-Day landings, said "Captain Bill" helped create the Naval Museum of Alberta and The Military Museums in Calgary.

The divided ruling struck down the Trump administration's attempt to dismantle the Biden-era Greenhouse Gas Reduction Fund, commonly referred to as a 'green bank.'

The Ford government is threatening to rescind support for a high-speed rail line after the Carney government said it would block the expansion of the Toronto island airport. 

U.S. President Donald Trump called off a signing ceremony Thursday for a new order on artificial intelligence because he worried it could dull America’s edge on AI technology.

Several animal rescue groups are gathering at Manitoba's legislature Wednesday to honour Amanda Nobiss, a rescue volunteer who died while trying to save puppies.