• Bank of Canada Hikes Interest Rate to 1.50%, CAD Climbs in Response
Bank of Canada Hikes Interest Rate to 1.50%, CAD Climbs in Response

Canadian businesses must also contend with the uncertainty surrounding the hard renegotiation of the North American Free Trade Agreement, for which talks have stalled. It warns that "escalating trade tensions pose considerable risks to the outlook" at the global level. In a statement, the BOC said it expects the global economy to grow by about ...

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  • Pfizer says it will
Pfizer says it will "defer" drug price hike after Trump tweet

President Trump said Tuesday that Pfizer Inc.is rolling back drug price increases after he attacked the pharmaceutical company a day earlier for raising costs. Trump has promised repeatedly to drive down drug prices, though so far most-noticed efforts have been using his Twitter account and stump speeches to call out pharmaceutical companies, rath...

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  • Turkey’s army may come under authority of defence ministry: President Erdogan
Turkey’s army may come under authority of defence ministry: President Erdogan

Critics say the new system undermines impartiality and could lead to one-man rule with limited checks and balances, especially with a weakened judiciary and parliament. Venezuelan President Nicolas Maduro, Hungarian Prime Minister Viktor Orban and former Italian Prime Minister Silvio Berlusconi were due to attend the ceremony.

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  • Bank of Canada delivers another hike, key interest rate rises to 1.5%
Bank of Canada delivers another hike, key interest rate rises to 1.5%

Thanks to stronger economic data, experts are predicting governor Stephen Poloz to hike the rate from its current level of 1.25 per cent. "Despite hiking rates today, the Bank of Canada is in no rush to continue pushing rates higher given the uncertainties surrounding trade, lingering concerns about housing and household debt, and renewed belief ...

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  • China will counterattack USA tariffs
China will counterattack USA tariffs

But Shaun Rein, founder of China Market Research Group and author of the book " The War for China's Wallet ", told us he has a different take on this situation. Seoul's Kospi index .ks11 edged up 0.2 percent. Stocks have been volatile, the dollar has gained and the yield curve for US Treasuries has flattened.

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  • Sanctions have turned into opportunity: Iran's defense chief
Sanctions have turned into opportunity: Iran's defense chief

Rahaghi also criticised New Delhi for not fulfilling its promise to invest in the expansion of the strategically-located Chabahar port , The Hindu reported. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal). The US has told India and other countries to cut oil imports from the...

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  • Iran oil minister: No change in production, export
Iran oil minister: No change in production, export

The comments this morning follow on from yesterday's news that Saudi Arabia raised oil output by about 500,000 barrels per day in June. Besides, the anti-Iran efforts by the USA president are largely to blame for the high oil prices in global markets, he added.

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  • JetBlue crew hailed as heroes for saving dog on flight
JetBlue crew hailed as heroes for saving dog on flight

When Burt opened the flap to give the pup some air, she realized Darcy's tongue was blue. Michelle pulled her dog out of the carrier and into her lap with the hopes that it might help Darcy calm down. "We all are affected by cabin pressure and oxygen fluctuations, human, canine and feline, etc., but the fact that the Attendants were responsive an...

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  • China raises tariffs on optical fiber materials
China raises tariffs on optical fiber materials

The list of goods affected by the new tariffs includes seafood, fruits and vegetables, grains and tobacco. The White House says the tariffs are a response to unfair trade practices by China. "Special Report" panel reacts to the strategy behind the Trump administration's new charges on Chinese products. "Unfortunately, China has not changed its...

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  • Erdogan sworn in as Turkey's president with vast new powers
Erdogan sworn in as Turkey's president with vast new powers

Under the new system , 64-year-old Erdogan will lead the state's executive branch and have the right to appoint and remove vice-presidents, a newly introduced position, as well as ministers, high-level officials and senior judges - without parliamentary approval.

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  • Family: Woman on oxygen dies after power cut off to her home
Family: Woman on oxygen dies after power cut off to her home

Eventually, Daniels' heart failed. Linda's daughter, Desiree was by her side that day. "We extend our honest condolences to her family", Karen A. Johnson said. "She was gasping until the time she died". "We encourage customers who have medical issues to contact us so that we can note their circumstances on their accounts", Namiotka said.

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  • Local Jobless Rate Rises Slightly
Local Jobless Rate Rises Slightly

In all, 22,700 part-time jobs and 9,100 full-time positions were created in June. Canada saw a healthy gain of 31,800 jobs in June, but it wasn't enough to keep the national unemployment rate from rising to 6.0 percent from 5.8 in May, the six per cent barrier for the first time since last October, when it was 6.2.

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  • Timehop Data Breach Affects 21 Million Users
Timehop Data Breach Affects 21 Million Users

Timehop revealed that its security was breached and that the data of 21 million users was compromised. Timehop is making it clear that, "No private/direct messages, financial data, or social media or photo content, or Timehop data including streaks were affected".

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  • Erdogan inaugurates Turkey's powerful executive presidency
Erdogan inaugurates Turkey's powerful executive presidency

Under the new presidential system Erdogan will have the power to dissolve Parliament, appoint or remove vice presidents, ministers, judges and high level officials as well as issue executive decrees and lift or impose a state of emergency. He said the presidential inauguration ceremony would be held on Monday at 6.00pm local time (1500 GMT) at the ...

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  • Oil price soon to reach $100 per barrel
Oil price soon to reach $100 per barrel

American oil producers may find a new friend in India as they brace for a trade war with China that could curb USA shipments. "The Chinese have to do the tit-for-tat, they have to retaliate", said John Driscoll , director of consultancy JTD Energy , adding that cutting US crude imports was a means "of retaliating (against) the U.S.in a very s...

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  • UK: David Davis resigns as Brexit Secretary
UK: David Davis resigns as Brexit Secretary

Taking aim at eurosceptic ministers, he said: "No resignations means that the so-called Brexiteers in cabinet don't have a principle between them". "The general direction of policy will leave us in at best a weak negotiating position and possibly an inescapable one".

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  • Soybean farmer reacts to China tariffs: ‘A lose-lose situation’
Soybean farmer reacts to China tariffs: ‘A lose-lose situation’

First, it's retaliating with tit-for-tat tariffs on USA -made products, including soybeans , cars, pork, dairy and other goods disproportionately made in Trump Country. Concurring, Rabobank economist Michael Every said the United States would go "very far" to block Chinese investments because there was strong bipartisan support to prevent China fr...

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  • David Davis, British Brexit Secretary, resigns: United Kingdom media reports
David Davis, British Brexit Secretary, resigns: United Kingdom media reports

Davis, a sharp operator and a gut-instinct politician, was a "Leave" campaigner in the referendum on Britain's European Union membership. He was particularly critical of the proposal for a "common rulebook" to allow free trade in goods, saying this "hands control of large swathes of our economy to the European Union and is certainly not returning...

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  • Starbucks to Eliminate Plastic Straws by 2020
Starbucks to Eliminate Plastic Straws by 2020

At Starbucks, executives said the efforts are part of a $10 million plan to develop cups and lids that are fully recyclable and compostable. The company said in a release that paper or compostable straws will be available for customers upon request, and will be served with their Frappuccino blended drinks.

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  • Seattle becomes 1st major U.S. city to ban straws
Seattle becomes 1st major U.S. city to ban straws

The law prohibits all food-service businesses, including restaurants, coffee shops, delis, and pubs, from offering any disposable straw or utensil to patrons unless they specifically request one. It's no longer allowed in Seattle bars and restaurants. The paper straws are preferred to the compostable plastic ones. The success of that effort, ...

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