The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as much as 9% to less than $19,000, according to CoinDesk. The last time bitcoin was … Read more
Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the US economy in New York November 18, 2015. lucas jackson | Reuters Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to fall to the central bank’s 2% target, adding that … Read more
Rampant inflation in the Canadian economy means the Bank of Canada will have to raise rates above three per cent to bring things back under control, suggests one economist. Don Drummond, an economist and fellow with Queen’s University, spoke with The West Block‘s Mercedes Stephenson and said while the Bank has been clearly signaling an … Read more
A spate of cryptocurrency meltdowns have erased tens of billions of dollars of investors’ assets and sparked urgent calls to regulate the freewheeling industry. The price of Bitcoin fell below $20,000 for the first time since late 2020 in a new sign the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below … Read more
(Kitco News) Gold surprised this week with its resilience and steadiness after an oversized 75-basis-point hike from the Federal Reserve and massive volatility across many markets. But analysts don’t see a major rally developing in gold in the short-term, and they are not even ruling out a move back to $1,800. The precious metal’s reaction … Read more
OTTAWA—The NDP may not like what the federal Liberal government is doing — or not doing — to combat inflation, but Deputy Prime Minister Chrystia Freeland says their agreement to give stability to the minority Parliament stands and it’s the Liberals who are in charge. “This is not a coalition,” she said. Appearing at the … Read more
People who need menstrual products in the United States have raised alarm in recent months, after noticing fewer tampon packages on store shelves, or being told their preferred brand of tampons was suddenly unavailable. The issue really came to the public’s attention when TIME Magazine published an article earlier this month titled, The Great Tampon … Read more
US official says absent return to nuclear deal, Washington will use sanctions to limit Iranian petrochemical exports. The United States has imposed sanctions on Chinese and Emirati companies, as well as a network of Iranian petrochemical producers, accusing them of helping to “evade sanctions” by supporting the sale of Iran’s petrochemical products abroad. In a … Read more
The WestJet Group says it plans to refocus its routes and fleet on Western Canada. The Calgary-based airline says in the wake of a strategic review, it has decided to shift resources to grow its presence in the West. It says it will add routes to more communities and center its existing wide-body 787 Dreamliner … Read more
As businesses across the country issue back-to-office notices to employees, nearly half of Canadian working women say they may quit their jobs if working from home at least part of the time is not an option, a report from The Prosperity Project found. The project, founded to mitigate the impact of the COVID-19 pandemic on … Read more
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