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Fed's Powell: Elevated inflation will likely delay rate cuts this year

Fed's Powell: Elevated inflation will likely delay rate cuts this year

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
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Hockey business is booming as the NHL bounces back from the pandemic in a big way

Hockey business is booming as the NHL bounces back from the pandemic in a big way

NEW YORK (AP) — Arenas are full, the NHL is a fixture on TV screens across North America, highlight-reel goals are talking points on a near-daily basis and “The Pat McAfee Show” even has a segment called “Hockey is Awesome.
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IMF: Outlook for world economy is brighter, though still modest by historical standards

IMF: Outlook for world economy is brighter, though still modest by historical standards

WASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth.
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B.C. construction sector seeks support as workers shortage, late payments persist

B.C. construction sector seeks support as workers shortage, late payments persist

VICTORIA — British Columbia's construction industry says its workforce numbers have improved in recent years, but labour shortages persist and are putting "extreme pressures" on employers.
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Airline caterers go on strike, affecting travellers on flights via Pearson airport

Airline caterers go on strike, affecting travellers on flights via Pearson airport

More than 800 airline food service staff at Toronto's Pearson airport went on strike Tuesday, leaving thousands of passengers without meals.
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Annual inflation rate up in March as gasoline prices rose, but core measures lower

Annual inflation rate up in March as gasoline prices rose, but core measures lower

OTTAWA — Higher gasoline prices helped the annual inflation rate tick higher in March, but core inflation continued to cool for the month, raising the chances of an interest rate cut by the Bank of Canada in June.
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Grocery inflation slows in March, but price growth at restaurants remains strong

Grocery inflation slows in March, but price growth at restaurants remains strong

OTTAWA — Inflation on groceries continued to slow in March, rising just 1.9 per cent compared with a year earlier. That's down from February's annual rate of 2.4 per cent and a far cry from the peak of grocery inflation at 11.
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S&P/TSX composite moves lower in late-morning trading, U.S. markets mixed

S&P/TSX composite moves lower in late-morning trading, U.S. markets mixed

TORONTO — Weakness in several sectors including financials led Canada's main stock index lower in late-morning trading,while U.S. stock markets were mixed. The S&P/TSX composite index was down 130.16 points at 21,610.04.
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Housing starts down seven per cent in March from February: CMHC

Housing starts down seven per cent in March from February: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
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NHL announces Bodyarmor as its new sports drink, replacing BioSteel

NHL announces Bodyarmor as its new sports drink, replacing BioSteel

NEW YORK (AP) — The NHL and NHL Players' Association on Tuesday announced a multiyear agreement with Bodyarmor to be the league’s official sports drink. Bodyarmor replaces BioSteel in that department after BioSteel filed for bankruptcy last year.
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