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The United States Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months.

The rate cut, which included a nod to the data limits the Fed faces during the current federal government shutdown, drew dissents from two policymakers.

Cook, who was appointed to the Fed board by former president Joe Biden, has said she will not leave her job and won’t be 'bullied' by Trump.

U.S. statistical agencies that provide key economic data to the U.S. Federal Reserve are among the agencies impacted by a shutdown, and an interest rate meeting is looming.

Interest rates have been cut in the United States after the Federal Reserve lowered its key policy to 4.25 per cent, and the first cut since December.

Trump, a Republican, said he was firing Cook on Aug. 25 over allegations raised by one of his appointees that she committed mortgage fraud.

BOSTON (AP) — Two federal judges ruled nearly simultaneously on Friday that President Donald Trump's administration must continue to pay for SNAP, the nation's biggest food aid program, using emergency reserve funds during the government shutdown.

In a post on Truth Social, Trump shared a letter he wrote to Lisa Cook, informing her that he was terminating her role.

After initially soaring toward what seemed like its best day since May, the S&P 500 erased its entire early surge. The Dow Jones and Canada's S&P/TSX index also fell.

'It's not the Danielle Smith show, it's Team Canada and we all deserve the same treatment for the same federal money,' David Eby said on Tuesday.

Canada's main S&P/TSX stock index soared, meanwhile, and finished more than 500 points higher at 30,353.61, helped by strong gains in the basic materials sector.

Gold futures have surpassed $4000 US per ounce for the first time, with a recent spike occurring as the US government remains shutdown.

Tiff Macklem said Canada could undertake several policy measures to tackle the headwinds from the trade war imposed by U.S. President Donald Trump.

The White House campaign to unseat Cook marks an unprecedented bid to reshape the Fed board, which was designed to be largely independent from day-to-day politics.

The Nova Scotia government says it has approved changes submitted by Halifax to restrict infilling along a strip of shoreline in Dartmouth.

The Nova Scotia RCMP say they have no plans to change their approach to illegal cannabis dispensaries in the province, despite a new provincial government directive.

Wall Street got off to a rough start Wednesday as a U.S. government shutdown begins and fresh labour market data pointed to more weakness on the job front.

Calgary city council is preparing to debate a motion that calls for the repeal of the citywide rezoning policy in December, which would require a public hearing in the spring.

The annualized rate of housing starts fell 17 per cent in October compared with September, the Canada Mortgage and Housing Corporation says.

Steven Guilbeault's final decision to quit the Carney cabinet was made in the last few days but it was a choice that was months in the making.