11 h. ago Philippine Rate Cut Unlikely This Week Despite Tame Inflation

Philippine inflation stayed below the central bank’s target range in September, but the central bank isn’t likely to cut its benchmark interest rate at this week’s meeting following the peso’s recent weakness.

Economics

1 week ago Toronto flight forced to land 3,000 km away after emergency on board

A Toronto-bound flight was forced to cut its roughly 12-hour journey short last week after a passenger suffered a medical emergency on board. On Sept. 15, a long-haul Air Canada flight departed from Tokyo's Haneda Airport at 6:13 p.m. and was headed for Toronto Pearson International Airport. The daily flight is usually scheduled to take off around 6:10 p.m. in Japan and land in Toronto at 5:35 p.m. local time, though things didn't quite go to plan this time around.While flying over Canada, the crew was forced to divert to Yellowknife Airport after a medical emergency took place on board the aircraft. The flight landed safely in Yellowknife roughly nine hours after taking off from Haneda Airport at 12:03 p.m. local time. Flight radar shows the aircraft diverting from its normal route, which usually takes it over Vancouver, to land in Yellowknife. Source: FlightAware.com.In a statement to blogTO, Air Canada confirmed that the diversion was du...

Other

3 w. ago Gold rises close to record with Fed seen cutting rates this week

Gold rose near a record high as traders geared up for an anticipated easing of the U.S. Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded near $3,660 an ounce, after gaining for four consecutive weeks. Investors see a quarter-point cut this week, following signs of […]

Sport

3 w. ago Bank of Canada to update interest rate this week and here's what to expect

Another Bank of Canada (BoC) interest rate announcement is coming this week, and it may be promising for Canadians.Canada's central bank held its key interest rate at 2.75 per cent for the third time this year in July amid "threats of new sectoral tariffs" and "unpredictable" U.S. trade actions.The Bank of Canada has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12.Experts are predicting that the next rate cut may be coming in the crown corporation's interest rate reveal on Wednesday, Sept. 17.Ratehub.ca mortgage expert Penelope Graham says that weaker job data in Canada and the U.S. may give the Bank a compelling reason to deliver a 0.25-point rate cut this week."Evidence is mounting that tariffs are whittling economic strength, and that some stimulus will be needed in the short term," she explains. "The growing likelihood of a similar cut from the U.S. Federal Reserve also prov...

Other

3 w. ago ‘Very strong case’ for Bank of Canada cut this week, if inflation data co

Market odds of a cut on Wednesday have jumped to 90%

Economics

3 w. ago Asia’s Stock Benchmark Heads for a Record Close as Rally Extends

Asia’s equity benchmark headed for a record close, extending a rally fueled by easing uncertainties around US tariffs, a strong rebound in Chinese shares and optimism that the Federal Reserve may cut rates as early as this week.

Economics

3 w. ago Asia’s Stock Benchmark Nears a Record Close as Rally Extends

Asia’s equity benchmark flirted with a record close, extending a rally fueled by easing uncertainties around US tariffs, a strong rebound in Chinese shares and optimism that the Federal Reserve may cut rates as early as this week.

Economics

3 w. ago Stocks Hold Near Record, Hong Kong Dollar Gains: Markets Wrap

Stocks hovered near record highs at the start of the week, with investors anticipating an interest-rate cut in the Federal Reserve’s upcoming policy meeting.

Economics

3 w. ago Charting the Global Economy: Weak Jobs, Steady Inflation Seal Fed Rate Cut

A record downward revision to annual US job growth, paired with no surprises in the latest inflation data, sealed the deal for the Federal Reserve to cut interest rates next week.

Economics

3 w. ago Ontario municipalities urge Ford to reconsider plan to ditch speed cameras

Ford reacted to news earlier this week that 17 automated speed cameras were cut down in Toronto over two nights, saying if municipalities don't ditch them, he will.

Politics

3 w. ago Asia Joins Global Equity Rally After US Inflation: Markets Wrap

Asia joined a global equity rally after relatively tame US inflation data and cooling jobs numbers clinched a path for the Federal Reserve to cut interest rates next week.

Economics

3 w. ago Asian Stocks Near Record High on Fed Rate Cut Bets: Markets Wrap

Asian stocks rallied, with MSCI’s regional gauge nearing a record high, after US inflation and jobless claims data cemented expectations the Federal Reserve will cut interest rates next week.

Economics

3 w. ago US Stocks Advance as CPI Report Buoys Trader Bets on Rate Cuts

Equities climbed on Thursday, touching new intraday records as investors expect an in-line inflation report to trigger a Federal Reserve interest rate cut next week.

Economics