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President-elect Donald Trump and Argentina’s President Javier Milei at Mar-a-Lago on November 14, 2024 Courtesy presidential office of Argentina Self-described anarcho-capitalist President Javier Milei of Argentina became the first foreign leader to visit President-elect Donald Trump since he won a second term, arriving in Florida Thursday to attend a gala dinner at Trump’s Mar-a-Lago resort,…
Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech…
Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances rose by $24 billion in the third quarter of 2024 and are 8.1% higher than a year ago. Despite that increase, credit card delinquency…
Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that…
After 180 years and eight generations of farming, Lindley’s Farm and Market near Hamilton will be permanently shutting down its operations, highlighting an uptick in recent farm closures across Ontario. Following a quiet closing of the farm market two weekends ago, the family announced its retirement to the public in a heartfelt post on social…
The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25…
Inflation and high operating costs could prove to be the Grinch for organizers of the Toronto Santa Claus parade, they warn. While this year’s parade will go on as planned, organizers are sounding the alarm over the fate of next year’s edition. “We are very excited for this year’s milestone anniversary – 120 years!” organizers…
THE chairman of Wetherspoons has issued a warning regarding impending price increases following Rachel Reeves’ Autumn Budget. Tim Martin revealed that the pub chain’s tax bill is projected to rise by two-thirds next year. 1 Wetherspoons anticipates that tax and business costs will increase by approximately £60 million over the next fiscal yearCredit: Getty Martin…
Descrease article font size Increase article font size Butter has become an unusual but high value target for thieves across Ontario, with Brantford police now investigating after a significant amount of butter was stolen from a grocery store in the area. Two men were seen allegedly stealing an estimated $1,200 worth of butter from a…
The State Bank of Pakistan (SBP) on Monday slashed the key policy rate by 250 basis points to 15%, marking its fourth consecutive cut as inflation remains in single digits through October. Analysts as well independent economists widely believed the central bank would cut its key interest rate further at its policy meeting, with policymakers…
