The U.S. Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. “The committee has gained greater confidence that inflation is … Read more
Canada’s Competition Bureau has launched a market study into the country’s domestic air passenger service, noting that fares remain pricier than they were before the COVID-19 pandemic. In the study’s terms of reference published earlier this week, the bureau says there are signs “domestic airfares in Canada may be relatively high,” and that “average airfares … Read more
The U.S. surgeon general has called on Congress to require warning labels on social media platforms similar to those now mandatory on cigarette boxes. In a Monday opinion piece in the New York Times, Dr. Vivek Murthy said that social media is a contributing factor in the mental health crisis among young people. “It is … Read more
It was supposed to do the heavy lifting for Canada’s greenhouse gas emissions targets. And it was supposed to remain a major part of Prime Minister Justin Trudeau’s legacy, both at home and abroad — part of an urgent global push to fight climate change. But instead of fulfilling those Liberal hopes, carbon pricing has … Read more
The federal Competition Bureau says it’s going to look the domestic air travel industry in Canada, and it’s looking for input from Canadians as it prepares to study the market in the coming months. The agency, which is tasked with enforcing competition law in Canada, said in a press release listing the reasons for its study that … Read more
For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest rate next year. Those envisioned rate cuts — which wouldn’t likely begin until the second half of 2024 — suggest officials think high borrowing rates … Read more
