Wednesday, 16 April 2014 07:15
Julian Beltrame, The Canadian Press
OTTAWA - The Bank of Canada says it sees solid signs that the global economy is picking up steam and will take Canada along for the ride, but still expects that it will take some time for this country to fully recover from the crippling effects of the recession.
OTTAWA - The Bank of Canada says it is keeping interest rates at historically low levels for the foreseeable future while shaving its previously posted expectation for the economy's performance in the first quarter and 2014 as a whole.
OTTAWA - The Bank of Canada said Wednesday it is keeping trendsetting overnight interest rate at one per cent, where it has stood since September 2010. The bank also lowered its forecast for first quarter growth this year to 1.5 per cent, from 2.5 per cent, but attributed the downgrade mostly to temporary impacts of a unusually severe winter.
Wednesday, 16 April 2014 05:41
Bill Graveland, The Canadian Press
CALGARY - Students at the University of Calgary are struggling to cope following the worst mass murder in the city's history that left five young people dead and another facing five counts of first-degree murder.