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U.S. inflation up 0.3% in January, Fed still expected to cut interest rates this year

by Anas Siddiqui
U.S. inflation up 0.3% in January, Fed still expected to cut interest rates this year

U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and health care, but it likely won’t change expectations that the Federal Reserve will start …

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inflation: Strong job gains may dent Fed confidence on inflation

by Ron Morgan
inflation: Strong job gains may dent Fed confidence on inflation

Federal Reserve policymakers seeking greater confidence that inflation is on track to their 2% goal may have gotten the opposite on Friday when data showed U.S. job growth surged last …

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High interest rates aren’t to blame for housing crisis, Bank of Canada governor says

by Anas Siddiqui
High interest rates aren’t to blame for housing crisis, Bank of Canada governor says

Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. Macklem faced multiple questions on …

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How the UN’s aid agency for Palestinians works — and why it’s under fire now

by Walter Watson
How the UN’s aid agency for Palestinians works — and why it’s under fire now

The federal government announced last week it was suspending “additional funding” for a UN agency that supports Palestinians in Gaza and employs about 13,000 people there, as well as another 17,000 …

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Gaza aid ‘at risk’ as countries pause UN agency funding after allegations staff were involved in Oct. 7 attack

by Walter Watson
Gaza aid ‘at risk’ as countries pause UN agency funding after allegations staff were involved in Oct. 7 attack

A pause in funding to a critical United Nations agency is raising concerns that humanitarian aid in Gaza is at further risk. Canada and the U.S. paused funding to the …

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Bank of Canada says government efforts to curb housing crisis will help ‘gradually’

by Anas Siddiqui
Bank of Canada says government efforts to curb housing crisis will help ‘gradually’

The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building …

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FinCEN’s crypto mixing reporting for banks poses ‘disruptive’ risks, lawyers say

by Isaac Wright
FinCEN’s crypto mixing reporting for banks poses ‘disruptive’ risks, lawyers say

In an op-ed on Bloomberg Law, Steven Merriman and Jim Vivenzio of Perkins Coie raised concerns over FinCEN’s latest move to crack down on crypto mixers. The Financial Crimes Enforcement …

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Trudeau pushes back after Netanyahu again rejects two-state solution

by Walter Watson
Trudeau pushes back after Netanyahu again rejects two-state solution

Prime Minister Justin Trudeau criticized Benjamin Netanyahu’s position on Palestinian statehood after the Israeli president claimed in a nationally-televised speech that the so-called “two-state solution” is dead. “I was not surprised to hear Prime Minister Netanyahu …

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Gasoline prices help drive inflation up to 3.4%

by Anas Siddiqui
Gasoline prices help drive inflation up to 3.4%

Canada’s annual inflation rate jumped to 3.4 per cent in December, according to data released by Statistics Canada on Tuesday. That’s after both October and November saw inflation hold steady at 3.1 per …

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National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says

by Anas Siddiqui
National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says

Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade, according to the latest statistics from the Canadian Real Estate Association, even though …

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