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Economy, Law & Politics

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
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Statistics Canada says household debt-to-income ratio lower in Q3, service costs up

Statistics Canada says household debt-to-income ratio lower in Q3, service costs up

TORONTO — The amount Canadians owe relative to their income edged lower in the third quarter, but the cost of servicing that debt relative to income climbed, Statistics Canada said on Wednesday.
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Ikea putting more than $100M into B.C. expansion

Ikea putting more than $100M into B.C. expansion

Richmond store set for significant upgrade with added distribution centre
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Transport Canada says Tesla recall will affect roughly 193,000 cars in Canada

Transport Canada says Tesla recall will affect roughly 193,000 cars in Canada

OTTAWA — Tesla's recall over its autopilot function will affect about 193,000 vehicles in Canada. Transport Canada says Tesla will provide an over-the-air software update to fix the advanced driver assistance features.
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Is Metro Vancouver's economy stalling? Survey says businesses feeling the pain

Is Metro Vancouver's economy stalling? Survey says businesses feeling the pain

Metro Vancouver businesses are pessimistic, annual business confidence survey finds
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Company hit with $20,000 penalty for B.C. sour gas spill

Company hit with $20,000 penalty for B.C. sour gas spill

Ovintiv Canada was slapped with the penalty after a broken valve led to the uncontrolled release of 4,000 cubic metres of sour natural gas near Briar Ridge, B.C.
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Vancouver council approves 7.5% property tax hike for 2024

Vancouver council approves 7.5% property tax hike for 2024

Mayor Ken Sim gets $180,000 boost to his $1.3-million office budget
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It's the economy, stupid: How high inflation and interest rates tanked the Liberals

It's the economy, stupid: How high inflation and interest rates tanked the Liberals

OTTAWA — Justin Trudeau's government has had to weather many storms over the last eight years. The SNC-Lavalin controversy. An old yearbook photo with the prime minister in blackface. Multiple ethics violations. The COVID-19 pandemic.
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British Columbians among the most generous holiday gift-givers, says poll

British Columbians among the most generous holiday gift-givers, says poll

West Coast residents much more willing to spend $500 or more on gifts this year than other Canadians, according to Research Co. survey
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Equifax report says Q3 business delinquencies up from previous quarter

Equifax report says Q3 business delinquencies up from previous quarter

TORONTO — A new report says more Canadian businesses are missing debt payments. The report by Equifax Canada says overall delinquencies for businesses in the third quarter rose 3.
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