National Business

WASHINGTON (AP) — President Donald Trump openly challenged U.S.

BRUSSELS (AP) — Major trade partners swiftly hit back at President Donald Trump’s increased tariffs on aluminum and steel imports, imposing stiff new taxes on U.S goods including products from textiles and water heaters to beef and bourbon.

The Bank of Canada cut its key interest rate for the seventh time in a row on Wednesday, bringing it to 2.75 per cent.

TORONTO — Canada's main stock index ticked higher while U.S. markets were mixed in late-morning trading Wednesday, after 25 per cent tariffs on U.S.

ST. JOHN'S — The Transportation Safety Board of Canada says the crew of an ill-fated Newfoundland fishing vessel who spent days adrift in a life raft last year had solid safety practices in place.

WASHINGTON (AP) — U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as widespread tariffs threaten to send prices higher. The consumer price index increased 2.

MONTREAL — It's unclear whether Northvolt North America's electric vehicle battery plant project in Quebec will proceed after its parent company filed for bankruptcy in Sweden on Wednesday.

OTTAWA — The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.

OTTAWA — The Bank of Canada cut its key policy rate by a quarter of a percentage point on Wednesday, bringing it to 2.75 per cent.

NEW YORK (AP) — Wall Street got some relief after an encouraging report said inflation slowed last month by more than expected, and stocks scraped back some of their sharp losses from recent weeks.