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Federal Reserve expected to stand pat on rates even as Trump demands cuts

Federal Reserve expected to stand pat on rates even as Trump demands cuts

WASHINGTON (AP) — The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
Tech stocks tumble as a Chinese competitor threatens to upend the AI industry; Nvidia down 16%

Tech stocks tumble as a Chinese competitor threatens to upend the AI industry; Nvidia down 16%

NEW YORK (AP) — Wall Street’s superstars are tumbling Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they've been feasting on. The S&P 500 was down 1.
Flights cancelled at Saguenay-Bagotville airport after fuel leak forces evacuation

Flights cancelled at Saguenay-Bagotville airport after fuel leak forces evacuation

SAGUENAY, Que. — A fuel leak at the Saguenay-Bagotville Airport today forced officials to evacuate the terminal and cancel flights.
Land long reserved for possible Pickering airport will go to Parks Canada: minister

Land long reserved for possible Pickering airport will go to Parks Canada: minister

After more than a half century in limbo, the federal government has abandoned plans for an airport at a site in Pickering, Ont., and will instead look to transfer land to Parks Canada.
Federal inquiry into Canada Post kicks off hearings

Federal inquiry into Canada Post kicks off hearings

OTTAWA — An inquiry into Canada Post kicked off hearings Monday, looking into a month-long strike that ended in government intervention and the viability of the postal service's business model.
Stock markets in Canada and U.S. down as tech tumbles

Stock markets in Canada and U.S. down as tech tumbles

TORONTO — Stock markets in Canada and the U.S. were down in late-morning trading after the performance of Chinese artificial intelligence startup DeepSeek rattled technology stocks. The S&P/TSX composite index was down 229.55 points at 25,238.94.
Newmont selling Porcupine operation to Discovery Silver in deal worth US$425 million

Newmont selling Porcupine operation to Discovery Silver in deal worth US$425 million

TORONTO — Newmont Corp. has signed a deal to sell its Porcupine operation in Ontario to Discovery Silver Corp. in an agreement worth US$425 million.
Asset manager seeks to quash US Steel-Nippon deal after taking stake in US steelmaker

Asset manager seeks to quash US Steel-Nippon deal after taking stake in US steelmaker

An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company. Ancora is opposed to U.S.
Asset manager seeks to quash US Steel-Nippon deal after taking stake in US steelmaker

Asset manager seeks to quash US Steel-Nippon deal after taking stake in US steelmaker

An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company. Ancora is opposed to U.S.
Economists expecting sixth straight — but more modest — rate cut from Bank of Canada

Economists expecting sixth straight — but more modest — rate cut from Bank of Canada

TORONTO — Economic forecasts suggest the Bank of Canada will likely lower its key policy rate by a quarter of a percentage point on Wednesday in light of recent inflation and jobs data, bringing it down to three per cent.