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Deepening worries about high rates send Wall Street lower

Deepening worries about high rates send Wall Street lower

NEW YORK (AP) — Stocks sank broadly on Wall Street, worsening their losses for the week, as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation with higher interest rates.
As Fed looks to hike interest rates higher, Rogers says BoC can carve its own path

As Fed looks to hike interest rates higher, Rogers says BoC can carve its own path

OTTAWA — Canada faces its own set of economic challenges and its central bank is setting interest rates accordingly, Carolyn Rogers said as the Bank of Canada and U.S. Federal Reserve appear to be charting different paths.
Credit card debt up 15 per cent in Q4, younger Canadians feel hardest pinch: Equifax

Credit card debt up 15 per cent in Q4, younger Canadians feel hardest pinch: Equifax

TORONTO — Canadian credit card debt soared in the last three months of 2022 amid rising interest rates and stubbornly high inflation with younger Canadians in particular relying on credit to make ends meet.
Ex-Goldman Sachs banker gets 10 year sentence for fraud

Ex-Goldman Sachs banker gets 10 year sentence for fraud

NEW YORK (AP) — A former Goldman Sachs banker was sentenced Thursday to 10 years in prison for his role in looting a Malaysian development fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013
Former Ohio House speaker convicted in $60M bribery scheme

Former Ohio House speaker convicted in $60M bribery scheme

COLUMBUS, Ohio (AP) — Former state House Speaker Larry Householder and former Ohio Republican Party Chair Matt Borges were convicted Thursday in a $60 million bribery scheme that federal prosecutors have called the largest corruption case in state hi
Canadians making fewer trips to the grocery store as inflation pinches: RBC report

Canadians making fewer trips to the grocery store as inflation pinches: RBC report

TORONTO — Canadians are on average making fewer grocery store runs as food inflation persists, but still spending roughly the same amount per trip, according to a report Thursday by RBC.
Purolator commits $1B to electrify Canadian delivery vehicle fleet by 2030

Purolator commits $1B to electrify Canadian delivery vehicle fleet by 2030

TORONTO — Purolator plans to electrify its Canadian fleet network by 2030 through a $1 billion commitment to purchase more than 3,500 electric delivery vehicles.
Here's what Biden's budget would mean - if it had a chance

Here's what Biden's budget would mean - if it had a chance

WASHINGTON (AP) — With Republicans in control of the House, there's no chance that President Joe Biden's new budget plan will become law as it stands.
IRS nominee Daniel Werfel confirmed by Senate vote

IRS nominee Daniel Werfel confirmed by Senate vote

WASHINGTON (AP) — The U.S. Senate confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service on Thursday by a vote of 54-42.
Maple Leaf Foods expecting modest annual growth in its plant-based protein

Maple Leaf Foods expecting modest annual growth in its plant-based protein

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. said it's expecting modest annual growth in its plant-based protein category as the company reported a loss for its latest quarter, due in part to weaker pork markets and a cyberattack. The Mississauga, Ont.