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Banks lower prime rates to 5.95% after Bank of Canada move

TORONTO — Canadian financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada.

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.

Fintrac warns of ways lawyers may be facilitating money laundering

OTTAWA — Canada's anti-money laundering agency is warning about the key areas that lawyers could be aiding in the illicit movement of funds.

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.

Air Canada signs codeshare agreement with European airline airBaltic

MONTREAL — Air Canada and airBaltic say they have signed a codeshare agreement that will help make it easier to fly between Canada and the Baltic states.

Wildfires and labour woes singe CN profits amid economic ‘challenges’: CEO

MONTREAL — Canadian National Railway Co. felt the heat of wildfires and labour disputes last quarter, as the company looks to rebound from the resulting cargo backlogs and lost business.

Retiring early hurts financial resiliency, Manulife survey shows

TORONTO — A Manulife report says retiree experiences vary significantly based on when a person retired, and whether it was planned or earlier than expected.

IMF's view: The global fight against high inflation is 'almost won'

WASHINGTON (AP) — The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday.

Feds’ order to end rail shutdown ‘unprecedented,’ labour tribunal says

MONTREAL — The federal government's directive to end the countrywide rail shutdown in August marked an "unprecedented" move, says Canada's labour tribunal, signalling a stauncher approach to disputes that rarely see direct intervention from cabinet.

Auditor general will probe government contracts with ArriveCan app contractor

OTTAWA — The federal auditor general will probe all government contracts given to the company that was behind the controversial ArriveCan app.
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