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OTTAWA — Bank of Canada governor Tiff Macklem says the world has become more prone to supply shocks which create more risks to inflation, but the central bank is in a better place to deal with them now that inflation is under control.

OTTAWA — The federal government slashed immigration targets to levels that will flatten population growth as Prime Minister Justin Trudeau admitted Thursday the government did not get the balance right after the COVID-19 pandemic.

Already low on inventory, the used car market is facing an additional supply crunch as fewer off-lease vehicles return to dealership lots — and that’s contributing to higher prices.

"This won't be the end of rate cuts. Even with the succession of policy cuts since June, rates are still way too high given the state of the economy."

McDonald’s worked Wednesday to reassure customers that its U.S. restaurants are safe as federal investigators tried to pinpoint the cause of a deadly E. coli outbreak linked to the fast-food giant's Quarter Pounder hamburgers.

TORONTO — Canadian financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada.

OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate cut and signalled its policy rate will likely continue falling in the coming months.

OTTAWA — Canada's anti-money laundering agency is warning about the key areas that lawyers could be aiding in the illicit movement of funds.

TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.

MONTREAL — Air Canada and airBaltic say they have signed a codeshare agreement that will help make it easier to fly between Canada and the Baltic states.