Funds articles

Federal Reserve holds interest rates, pivots to ‘patient’ approach to future moves

Federal Reserve holds interest rates, pivots to ‘patient’ approach to future moves

Jerome Powell, chairman of the U.S. Federal Reserve.Al Drago/Bloomberg The Federal Reserve said it will be “patient” on any future interest-rate moves and signaled flexibility on the path for reducing its balance sheet, in a substantial pivot away from its bias just last month toward higher borrowing costs. The Federal Open Market Committee “will be

U.S. finance chair says steel, aluminum tariffs on Canada and Mexico should go before new NAFTA passed

Republican Senator Chuck Grassley’s finance committee is in charge of shepherding the USMCA pact to approval in the Senate.AP Photo/Carolyn Kaster WASHINGTON — Republican U.S. Senator Chuck Grassley on Wednesday called on the Trump administration to lift tariffs on steel and aluminum imports from Canada and Mexico before Congress begins considering legislation to implement the

Federal Reserve holds rate: Read the official statement

The U.S. Federal Reserve held rates at its Jan. 30 meeting.Associated Press Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the

Forget about getting fresh trade data — the U.S. shutdown is now hitting Canada

Statistics Canada said Thursday trade data likely won't be published until after the U.S. Census Bureau resumes normal operations.Postmedia Canada’s statistics agency will stop releasing monthly merchandise trade data indefinitely because of the U.S. government shutdown. Statistics Canada said Thursday the next trade report, due Feb. 5, won’t be published as scheduled. The delay will

These Instacart workers want you to leave them a 22-cent tip after payment changes slash paycheques

Some Instacart workers say they have seen "dramatic cuts” in their paycheques, with some now making a third less than before.Courtesy Instacart More than 100 Instacart Inc. workers are calling on customers to support reforming the grocery delivery app’s payment practices — by leaving them 22-cent tips. The counterintuitive call for paltry gratuities is meant

Sears saved by chairman’s $5.2 billion bid, last-minute reprieve for up to 45,000 workers

Sears Holdings Corp chairman Eddie Lampert won the bankruptcy auction with an improved takeover bid of US$5.2 billion, allowing the 126-year-old retailer to keep its doors open.AP Photo/David Zalubowski, File Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of US$5.2 billion,

It’s time for the U.S. to loosen its grip on the World Bank

Jim Yong Kim’s surprise resignation as president of the World Bank is effective Feb. 1.Andy Wong/AP Photo files As Chrystia Freeland, Canada’s minister of global affairs, collected her various awards for outstanding diplomacy in 2018, she insisted that the multilateral system of commerce, law and human rights had a future, even if the United States

Inflation unexpectedly accelerates as Canadians pay 28% more for airfares, 15% more for vegetables

Canadians paid 14.9 per cent more for fresh vegetables.Postmedia News OTTAWA — Canada’s annual inflation rate accelerated to two per cent last month as higher costs for airfares and fresh vegetables offset cheaper prices at the pump, Statistics Canada said Friday. Year-over-year prices picked up their pace in December after inflation was just 1.7 per