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Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023

Published Wed, 12 Feb 2025 06:12:56 GMT

OTTAWA — The Bank of Canada is once again holding its key interest rate steady at 4.5 per cent but isn’t ruling out the possibility of more rate hikes down the line.The central bank said Wednesday that recent economic data is reinforcing its confidence that inflation will continue to fall in the coming months.“However, getting inflation the rest of the way back down to two per cent could prove to be more difficult,” the Bank of Canada said in a news release.The central bank said its governing council will continue to assess whether interest rates are high enough to bring inflation back to target.Economists were widely anticipating the Bank of Canada to maintain its interest rate as inflation eases meaningfully.Canada’s annual inflation rate fell to 5.2 per cent in February, marking the second month in a row it came in lower than forecast.The Bank of Canada continues to expect the inflation rate to fall to three per cent by mid-year and back down to two per cent by the end of 2...

Text of Bank of Canada’s rate announcement statement

Published Wed, 12 Feb 2025 06:12:56 GMT

OTTAWA — The Bank of Canada kept its key interest rate target on hold at 4.5 per cent on Wednesday. Here is the text of the central bank’s rate announcement:The Bank of Canada today held its target for the overnight rate at 4.5 per cent, with the Bank Rate at 4.75 per cent and the deposit rate at 4.5 per cent. The Bank is also continuing its policy of quantitative tightening.Inflation in many countries is easing in the face of lower energy prices, normalizing global supply chains, and tighter monetary policy. At the same time, labour markets remain tight and measures of core inflation in many advanced economies suggest persistent price pressures, especially for services.Global economic growth has been stronger than anticipated. Growth in the United States and Europe has surprised on the upside, but is expected to weaken as tighter monetary policy continues to feed through those economies. In the United States, recent stress in the banking sector has tightened credit conditions...

Aurora man ID'd following deadly shooting Sunday

Published Wed, 12 Feb 2025 06:12:56 GMT

AURORA, Ill. — A man has been identified following a deadly shooting Sunday night in Aurora.At around 10 p.m., police responded to the 400 block of West New York Street on the report of a person shot.Officers at the scene located a 24-year-old man, later identified as Myles Buie, of Aurora, suffering from multiple gunshot wounds inside a parked vehicle.He was pronounced dead at a local hospital that night. Glenview smoothie café robbed at gunpoint Monday No suspects are in custody. Anyone with information can call police at 630-892-1000.

Palace: Prince Harry to attend his father's May 6 coronation

Published Wed, 12 Feb 2025 06:12:56 GMT

LONDON (AP) — Prince Harry will attend the coronation of his father, King Charles III, at Westminster Abbey on May 6, Buckingham Palace said Wednesday, ending months of speculation about his presence.Harry's wife Meghan, the Duchess of Sussex, will remain in California with the couple’s two children, Prince Archie and Princess Lilibet, the palace said. The coronation date coincides with their eldest son's birthday.Harry’s attendance comes despite the rift within the House of Windsor prompted by Harry’s decision to reveal family secrets in his bestselling book, “Spare.”The revelations included details of private conversations with his father — and his elder brother, Prince William. The disclosures fanned tensions between Harry and his family, which had become public when he and his wife moved to North America in 2020.

Alaska Airlines passenger charged after allegedly 'threatening to kill' flight attendant

Published Wed, 12 Feb 2025 06:12:56 GMT

KANSAS CITY, Mo. (WDAF) – A passenger flying with Alaska Airlines faces federal charges after allegedly threatening to kill one of the flight attendants during an argument.Chloe M. Dasilva, has been charged with one count of interfering with the flight crew, according to a complaint detailed by the U.S. Attorney's Office in the Western District of Missouri.Dasilva was a passenger aboard an Alaska Airlines flight that had departed from San Francisco to Chicago on Friday, April 7, per a criminal complaint. At some point during the flight, she became disruptive and confronted one of the flight attendants, "cussing and yelling and threatening to kill him," the DA's office wrote in a news release. Flight attendants allegedly fight over passenger’s request, refuse to work with each other Flight attendants and two passengers stepped in and used zip ties to restrain Dasilva to a seat, the release said.The flight was then diverted to Kansas City out of an abundance of caution."After landin...

Dean's Home Video: Jeremy Renner's new show debuts

Published Wed, 12 Feb 2025 06:12:56 GMT

CHICAGO — As he continues his recovery from a snowplow accident in January, Jeremy Renner's new show is being released this week."Rennervations" is being released on Disney+ on Wednesday as the actors takes decommissioned government vehicles and turns them into new creations with the help of expert builders. That show is one of a few that are making their streaming debut this week and were featured in "Dean's Home Video" on WGN Morning News on Wednesday.Dean Richards also took a look at "Florida Man," the final season of "Titans," "Am I Being Unreasonable," "Waco: The Aftermath," "Obsession," and more of the programs people can see for the first time.You can watch this edition of "Dean's Home Video" from April 12's show in the video above.Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

Florida lightning strike results in groundbreaking find, researcher says: 'Never seen this… on Earth'

Published Wed, 12 Feb 2025 06:12:56 GMT

TAMPA, Fla. (WFLA) — A professor at the University of South Florida discovered something never-before-seen on Earth after analyzing a dirt sample that was struck by lightning.The phosphorus material, he said, was observed for the first time in solid form on this planet.“We have never seen this material occur naturally on Earth," said Matthew Pasek, professor of geosciences. "Minerals similar to it can be found in meteorites and space, but we've never seen this exact material anywhere [here on Earth]."(WFLA)According to a recent study published in Communications Earth & Environment, and shared by USF, Pasek examined how high-energy events, like lightning strikes, can cause unique chemical reactions to resulting in unique materials.“When lightning strikes a tree, the ground typically explodes out and the surrounding grass dies,” Pasek said. What are the symptoms of Candida auris, the drug-resistant fungus spreading in 28 states? The electricity forms a "scar" in the surrounding ...

Dean shares recipes for favorite sandwiches: Stanley Tucci's, Oprah's and his!

Published Wed, 12 Feb 2025 06:12:56 GMT

WGN Entertainment Reporter Dean Richards shares recipes for favorite sandwiches; Stanley Tucci's, Oprah's and his!Stanley Tucci’s Favorite SandwichFrom:   Margie Nomura’s Desert Island Dishes podcastIngredients:3 slices prosciutto3 thick slices fresh mozzarella cheeseFresh basil or pestoButter or olive oil2 slices crusty breadShredded white cheese (optional)Directions:For some extra melty goodness, start with shredded white cheese, such as cheddar or Gouda. Layer on prosciutto, fresh mozzarella, basil and/or pesto.Spread butter or olive oil on both sides of the sandwich.Warm on a nonstick pan over low heat until cheese melts.Remove from pan and let cool. Cut sandwich in half and enjoy. Dean shares Elvis sandwich recipes Oprah’s Favorite SandwichFrom:  Oprah.comIngredients:2 Tbsp. chopped scallions2 slices seven-grain bread½ tsp. olive oil2 tsp. mayonnaise2 large basil leaves1 slice pepper Jack cheese4 ounces thinly sliced smoked-turkey breast3 thin avocado slices3 t...

15-year-old girl wounded in St. Paul shooting was innocent bystander, police say

Published Wed, 12 Feb 2025 06:12:56 GMT

Police believe a 15-year-old girl wounded in a shooting Tuesday afternoon was an innocent bystander.Preliminary information indicated two males were shooting at each other in the Payne-Phalen area about 3:30 p.m. when the girl was shot in the leg, said Sgt. Mike Ernster, a police spokesman. Both shooters ran away.Police found one suspect, a 16-year-old, and arrested him. The other suspect wasn’t located Tuesday.The girl, who was shot in the 900 block of Payne Avenue, was taken by ambulance to a hospital for treatment for a non-life threatening injury, Ernster said.Related ArticlesCrime & Public Safety | Robot police dog returns to NYPD despite earlier criticism Crime & Public Safety | Officer struck by gunfire while serving warrant during drug investigation in Granite Falls Crime & Public Safety | 2 charged after puppy thrown from truck during Ramsey County pursuit Crime & Public Safety | As St. Paul po...

Albany man arrested on robbery and assault charges

Published Wed, 12 Feb 2025 06:12:56 GMT

ALBANY, N.Y. (NEWS10) -- On Tuesday, a City of Albany man was arrested following an active domestic dispute. Police driving on Washington Avenue say they observed a physical altercation between Teadric R. Moten, 22, and his girlfriend. Get the latest, news, weather, sports and community events delivered right to your inbox! Moten was seen striking his girlfriend with a closed fist. Police learned Moten had also forcibly removed the victim's eyeglasses from her face. Police say Moten fled on foot when they tried to intercept the domestic incident. He was taken into custody and charged with one count of Robbery in the Second Degree, Assault in the Third Degree, one count of Unlawful Imprisonment in the Second Degree, one count of Obstructing Governmental Administration in the Second Degree, and one count of Menacing in the Third Degree. Ballston Spa resident pleads guilty to catalytic converter theft Moten was transported to the Albany County Correctional Facility to be held as a ...