Markets
Federal Reserve Chair Jerome Powell Warns of Risks from Prolonged High Interest Rates
Powell expresses concerns about the economic impact of prolonged high interest rates.
Markets anticipate potential rate cuts despite mixed signals from the Fed.
Powell emphasizes the...
Canadian Unemployment Could Exceed 7% if Interest Rates Aren’t Cut Soon: National Bank
National Bank economist warns of potential unemployment rise to over 7% without imminent interest rate cuts.
The Bank of Canada may need to cut rates...
Apple Reaches Deal with EU Regulators to Open Up Mobile Payments System to Rivals
Apple will now permit third-party access to its NFC tap-and-go payment technology.
The agreement addresses EU antitrust concerns about restricted competition in mobile wallets.
The European...
Biden Defends 2024 Candidacy Amid Calls to Withdraw
President Joe Biden asserts his commitment to run for reelection in a surprise interview.
Growing concerns from lawmakers and donors about Biden's ability to win...
Capital Gains Proposal to Be Introduced Before Summer Break
The capital gains tax increase will take effect on June 25, regardless of the bill's passage.
The new inclusion rate is expected to generate $19.4...