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Economy, Law & Politics

BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate cut and signalled its policy rate will likely continue falling in the coming months.
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As federal workers fight office mandate, study finds remote work has climate benefits

As federal workers fight office mandate, study finds remote work has climate benefits

Federal public servants in Ottawa who work remotely contributed 25 per cent fewer emissions than those who worked only from the office, a new report suggests as a major public sector union fights against more mandated office days.
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Vaccines bring $2.5B in value to Canadian economy, health care system, study says

Vaccines bring $2.5B in value to Canadian economy, health care system, study says

Analysis estimates savings to the health care system and employers from adults taking six different vaccines recommended by the National Advisory Committee on Immunization.
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Fourth straight interest rate cut may not bring buyers back to the market just yet

Fourth straight interest rate cut may not bring buyers back to the market just yet

TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.
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A look at what people are saying about the Bank of Canada's rate decision

A look at what people are saying about the Bank of Canada's rate decision

OTTAWA — The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent (a basis point is equal to a one-hundredth of a percentage point).
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New Richmond credit union to tailor services for Chinese-language customers

New Richmond credit union to tailor services for Chinese-language customers

Former Burnaby-Lougheed MLA Katrina Chen is the president of AnXin Community Savings.
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Group calls for for better pay, equipment for wildfire fighters

Group calls for for better pay, equipment for wildfire fighters

OTTAWA — Last May, when Jenny Saulnier was home alone with her dog in Nova Scotia while her son and husband were at hockey, she scrolled through social media and saw there was a house fire some nine kilometres from her home, and was assured she would
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S&P/TSX composite down nearly 150 points, U.S. stock markets also fall

S&P/TSX composite down nearly 150 points, U.S. stock markets also fall

TORONTO — Canada's main stock index was down nearly 150 points in late-morning trading, weighed down by losses in the base metal and energy sectors, while U.S. stock markets also fell. The S&P/TSX composite index was down 149.17 points at 24,567.
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Rob Shaw: Eby shows humility but internal party spin tells a different story

Rob Shaw: Eby shows humility but internal party spin tells a different story

BC NDP clinging to election victory narrative behind closed doors
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Stock market today: Wall Street opens lower as its recent rally cools some more

Stock market today: Wall Street opens lower as its recent rally cools some more

NEW YORK (AP) — Stocks are opening lower as more momentum comes out of Wall Street’s record-breaking rally. The S&P 500 was 0.3% lower early Wednesday. It’s coming off two small losses since setting an all-time high on Friday.
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