Top Results For: Federal Reserve

Financial market odds of an interest rate hike by the Bank of Canada this year have increased — though some economists aren’t convinced. Earlier this week, the U.S. Federal Reserve raised interest rates for the first time in three years in an attempt to tackle inflation. That story and more in Business Matters for Sept....

A major policy turn-around in the United States as the Federal Reserve raises its benchmark interest rate for the first time since 2023. Chairman Kevin Warsh says raising the rate was made in response to an economy increasingly shaped by the ongoing war in the Middle East. “Economic activity is expanding at a solid pace,”...

Strong job numbers – along with persistent inflation – could be reasons for the U.S. Federal Reserve to raise interest rates. That would be the classic economic response, but U.S. President Donald Trump has been pushing for rates to ”fall.” On Friday, he went so far as to threaten to cut off all trade with...

Despite most economists expecting a small gain, Canada’s job market broke its recent hot streak with a loss of 42,000 jobs in August. By contrast, the U.S. saw a surprising jump in jobs, following a string of losses. Those strong U.S. job numbers – along with persistent inflation – could be reasons for the U.S....

Prime Minister Mark Carney helped kick-off a historic meeting between First Nations and federal ministers — the first time they’ve met in over two decades — on Monday in Ottawa. “Informed by the insights of this meeting, the government of Canada will act with new measures both today and with our upcoming federal budget,” Carney...

Affordable housing remains a challenge in Lethbridge, but new federal funding to preserve existing housing and a groundbreaking for a Northside development are expected to ease some of the pressure. Zoe Lukowich reports.

Alan Greenspan has died at age 100, from complications of Parkinson’s disease. In his 18 years at the helm of the U.S. Federal Reserve, Greenspan presided over an era of American growth and prosperity.

Canada is moving toward tougher rules around young people’s use of social media and AI chatbots. The federal government has tabled legislation aimed at protecting youth from some of the most addictive features built into platforms like Instagram and TikTok, joining a growing number of countries exploring age-based restrictions online. Supporters argue limits could help...

Members of Alberta’s energy industry met in Calgary on Thursday to learn more about the recently-signed MOU between the provincial and federal government. While some are optimistic about the path ahead, others still have reservations about whether it’s the right one. Drew Stremick reports.

The provincial and federal governments are pumping millions of dollars into protecting some pristine wilderness in northern Manitoba. Marney Blunt has more on plans to preserve the Seal River Watershed.

The U.S. Department of Justice (DOJ) has taken the extraordinary step of opening a criminal investigation into Federal Reserve chair Jerome Powell. Candice Cole explains why, how he’s pushing back, and how the situation threatens the U.S. central bank’s independency.

Before boarding Marine One on Tuesday on his way to deliver a speech on the economy in Detroit, Michigan, U.S. President Donald Trump touted U.S. wealth saying new statistics show the country has very low inflation “so that would give (Fed Chair) ‘Too Late’ (Jerome) Powell the chance to give us a nice, beautiful big...

U.S. Federal Reserve Chair Jerome Powell says the country’s Department of Justice served the central bank with subpoenas on Sunday, threatening a criminal indictment. This comes after Powell’s testimony over the summer regarding the 2.5 billion dollar renovation of two office buildings. Jazan Grewal has this story and more for Business Matters on Jan. 12,...

Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations. The move represents an unprecedented escalation in President Donald Trump’s battle with the Fed, an independent agency he has repeatedly...

U.S. President Donald Trump doubled down Monday on threats of a lawsuit against Federal Reserve Chair Jerome Powell. Trump’s reasoning for a potential suit? “Gross incompetence” which he related to the “incompetent” Powell’s management of renovations at the Fed’s Washington headquarters. Powell’s term will expire in May and Trump suggested he will nominate a successor...

During an address to the nation on Wednesday night, U.S. President Donald Trump said that during Biden’s time in office, the typical new mortgage rose by $15,000. “Soon I will announce the next chairman of the federal reserve, someone who believes in lower interest rates, by a lot.”

U.S. President Donald Trump on Tuesday asked his treasury secretary, Scott Bessent, to investigate whether his predecessor Joe Biden used an autopen to sign the appointments of some Democratic members of the Federal Reserve’s Board of Governors.

The federal court has ruled Canada is legally obligated to provide adequate housing on First Nations Reserves in a class-action suit that saw more than 100 First Nations, including some in Manitoba, sue the federal government.

At the U.S.-Saudi Investment Forum Wednesday, President Trump reiterated his disdain for Federal Reserve Chair Jerome Powell, saying he has “some real mental problems” and calling him “grossly incompetent.”

On Friday, Canadian Prime Minister Mark Carney gave a speech at Canadian Club Toronto to elaborate on the 2025 federal budget, highlighting the need for a “dramatic” economic strategy change under the straining trade ties with the U.S. “The world has become more dangerous and divided, and that decades-long process of an ever-closer economic relationship...