U.S. Federal Reserve cuts interest rates by another quarter point
The Federal Reserve cut its key interest rate Wednesday by a quarter-point â its third cut this year â but also signalled that it expects to reduce rates next year more slowly than previously thought, with inflation still well above the central bank’s two per cent target.
Santa will not be writing back to letters from kids this year, says Canada Post
Canada Post announced today that Santa will not be writing back to the children who write him letters this year. In a news release, the Crown corporation said that it has begun ramping up operations again after its month-long strike came to an end Tuesday.
U.S. Supreme Court agrees to hear TikTok bid to halt ban
The U.S. Supreme Court decided on Wednesday to hear a bid by TikTok and its China-based parent company ByteDance to block a law intended to force the sale of the short-video app by Jan. 19 or face a ban on national security grounds.
3 men from U.K. arrested, charged in killing of Owen Sound, Ont., restaurant owner
Three men who are citizens of the United Kingdom have been arrested and charged in the killing of Sharif Rahman, a restaurant owner in Owen Sound, Ont., in August 2023. In a statement, Rahman’s wife says she’s thankful for the support she’s received since the “terrible incident.”
Twin sisters from Gaza killed after being accepted into University of Waterloo PhD program in Ontario
The University of Waterloo community is mourning after twin sisters who were set to enter a PhD program in Ontario were killed this month in Gaza amid the Israel-Hamas war. Their family says the two âsaw an end to their and our sufferingâ after being accepted into a program for students from conflict zones, but didn’t get to “realize their dreams.”
Caitlin Clark’s No. 22 jersey to be retired by the University of Iowa
No Iowa Hawkeyes women’s basketball player will wear Caitlin Clark’s No. 22 again as it will be retired in a ceremony Feb. 2 at Carver-Hawkeye Arena, the Iowa athletic department announced Wednesday.
‘Canada’s beloved’ Theodore Too tugboat sinking in St. Catharines, Ont.
The owner of Theodore Too, the life-sized replica of a beloved CBC-TV character, says he’s committed to executing a “safe and successful refloat” of the boat, which was built in Nova Scotia in 2000 and has been in Ontario waters since 2021.
CDC confirms first severe case of H5N1 bird flu in U.S.
The U.S. Centers for Disease Control and Prevention says a patient has been hospitalized with a severe case of H5N1 infection in Louisiana, making it the first instance of a severe illness linked to the virus in the United States.
Rescue crews free injured explorer from underground cave â again
Italian rescue crews pulled Ottavia Piana to safety Wednesday, 75 hours after she was injured while exploring a cave near the city of Bergamo. The 32-year-old caver had been rescued from the same cave complex once before, when she broke her leg while exploring.
Order of Canada goes to advocates, athletes, scientists and Deadpool
More than 40 years after being told she was a threat to Canada because of her sexuality, Diane Pitre is being given one of the country’s top honours.
Family sues after man allegedly got medically assisted death during day pass from hospital
The family of a B.C. man with bipolar disorder and chronic back pain is suing the federal and provincial governments after he allegedly used a day pass from hospital to end his life with medical assistance.
Fire at synagogue in Montreal’s West Island under investigation
Montreal police’s arson unit is investigating a fire at a synagogue and Jewish community centre in the West Island. The damage was minor and police officers put it out with a fire extinguisher shortly after arriving at the scene.