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The text of the Bank of Canada’s latest interest rate decision

Published Fri, 07 Mar 2025 02:32:49 GMT

OTTAWA — The Bank of Canada raised its key interest rate target by a quarter of a percentage point to 4.75 per cent on Wednesday. Here is the text of the central bank’s rate announcement:The Bank of Canada today increased its target for the overnight rate to 4.75 per cent, with the Bank Rate at five per cent and the deposit rate at 4.75 per cent. The Bank is also continuing its policy of quantitative tightening.Globally, consumer price inflation is coming down, largely reflecting lower energy prices compared to a year ago, but underlying inflation remains stubbornly high. While economic growth around the world is softening in the face of higher interest rates, major central banks are signalling that interest rates may have to rise further to restore price stability. In the United States, the economy is slowing, although consumer spending remains surprisingly resilient and the labour market is still tight. Economic growth has essentially stalled in Europe but upward pressure on...

Pope Francis to be hospitalized for several days following intestinal surgery

Published Fri, 07 Mar 2025 02:32:49 GMT

ROME (AP) — Pope Francis was admitted to the hospital for surgery Wednesday to repair a hernia in his intestine, the latest malady to befall the 86-year-old pontiff who had part of his colon removed two years ago.Francis was expected to be put under general anesthesia for the open abdominal surgery and remain at Rome's Gemelli hospital for several days, the Vatican said.While hernia operations are rarely performed on an emergency basis, the procedure appeared somewhat urgent, scheduled just a day after Francis went to the hospital for tests. The pontiff's doctors no doubt also wanted to give him ample time for recovery ahead of a busy travel schedule later this summer.The pope was suffering from a “painful and worsening” hernia that formed over a previous scar, presumably from his 2021 colon surgery. Experts said the formation of the hernia, called a laparocele, is a known complication from intestinal surgery. But a portion of his intestine has apparently now bulged through the area...

HAAM Battle of the Bands benefiting Austin musicians

Published Fri, 07 Mar 2025 02:32:49 GMT

AUSTIN (KXAN) — The Health Alliance for Austin Musicians will host the Corporate Battle of the Bands tonight within ACL Live at the Moody Theater.This annual event gives professionals a chance to perform in front of a live audience on a historic stage for a good cause.In 2022, the Battle of the Bands raised more than $227,000 and drew in a crowd of more than 1,200 attendees. RELATED: HAAM Battle of the Bands raises record-breaking amount HAAM is a local nonprofit providing access to affordable healthcare for Austin’s low-income, working musicians.“We are excited to continue this exciting tradition in Austin,” HAAM CEO Paul Scott said. “It’s amazing to have the support of some of the most influential businesses here in Austin. Without their support, the quality of life for our musicians would be in much worse dire straits.” This year, six Austin-based businesses will pull their musically gifted employees together to compete. Some of the businesses par...

Police identify person hit, killed by 2 trucks while walking in northeast Austin

Published Fri, 07 Mar 2025 02:32:49 GMT

AUSTIN (KXAN) -- Austin Police have identified a person who died after being hit by two trucks while walking in northeast Austin in late May. PREVIOUS: Pedestrian killed after crash in northeast Austin According to the Austin Police Department, Brandon Boone, 43, was walking in the roadway in the 7100 block of Johnny Morris Road when he was hit by two pickup trucks. Boone died at the scene. Both drivers remained on the scene, showed no signs of impairment and cooperated with the investigation, APD said. MAP: Where have Austin’s fatal crashes occurred in 2023? This incident is being investigated as Austin's 41st fatal crash of 2023, resulting in 41 fatalities for the year. Anyone with any information should contact APD's Vehicular Homicide unit at 512-974-8111. You may submit your tip anonymously through the Capital Area Crime Stoppers Program by visiting austincrimestoppers.org or calling 512-472-8477.

Florida woman accused of fatally shooting neighbor is arrested following protests

Published Fri, 07 Mar 2025 02:32:49 GMT

By CURT ANDERSON and FREIDA FRISARO (Associated Press)OCALA, Fla. (AP) — A Florida woman accused of fatally shooting her neighbor last week in the violent culmination of what the sheriff described as a 2½-year feud was arrested Tuesday, the Marion County Sheriff’s Office said.Susan Louise Lorincz, 58, who is white, was arrested on charges of manslaughter with a firearm, culpable negligence, battery and two counts of assault in the death of Ajike Owens, a Black mother of four, Sheriff Billy Woods said in a statement.Authorities came under pressure Tuesday to arrest and charge the woman who fired through her front her door and killed Owens in a case that has put Florida’s divisive stand your ground law back into the spotlight.In a video posted on Facebook late Tuesday night, the sheriff said this was not a stand your ground case but “simply a killing.”“Now many of you were struggling to understand why there was not an immediate arrest,” the sheriff said. “The laws here in the state of...

Hochul recommends schools suspend outdoor activities due to impact of Canadian wildfires

Published Fri, 07 Mar 2025 02:32:49 GMT

ALBANY, N.Y. (NEWS10) -- Governor Kathy Hochul has released a statement regarding outdoor student activities due to the ongoing impact of the Canadian wildfires. Hochul said the following: Get the latest, news, weather, sports and community events delivered right to your inbox! "Over the past several days, my team and I have been closely monitoring air quality and providing updates to New Yorkers as haze and smoke from Canadian wildfires continue to spread throughout the state. The State Department of Environmental Conservation and State Department of Health have issued air quality warnings since Monday, and according to the most recent forecast, much of the state outside of the North Country is expected to be in an air quality index of unhealthy to very unhealthy today. Additionally, my administration has been in contact with the cities of Syracuse, Rochester, and New York. I support their decisions and the decisions of other districts to suspend outdoor school activiti...

Las Vegas man sentenced for sending white powder letters

Published Fri, 07 Mar 2025 02:32:49 GMT

ALBANY, N.Y. (NEWS10) -- A Las Vegas man was sentenced on Tuesday to time served for conveying a hoax and false information, as well as sending white powder letters to the New York State Gaming Commission. The Department of Justice (DOJ) says that Brent Carter, 73, will serve three years of supervised release after getting out. The DOJ did not specify the length of Carter's sentence. Get the latest, news, weather, sports and community events delivered right to your inbox! Carter admitted back in January that between October 2017 and November 2018, he left several voicemails with the New York State Gaming Commission using threatening language and also admitted to mailing four letters containing white powder and other substances to the commission. He further admitted the voicemails and letters were revenge for suspending his license for horse racing.

Murray Street in Glens Falls to close Thursday

Published Fri, 07 Mar 2025 02:32:49 GMT

GLENS FALLS, N.Y. (NEWS10) - Another bout of road work is coming to downtown Glens Falls this week. On Thursday, a section of Murray Street will be closed in order to facilitate part of the Glens Falls Connector Project. Get the latest, news, weather, sports and community events delivered right to your inbox! From 3 to 8 p.m. on Thursday, June 8, Murray Street will be closed from its intersection with Henry Street to Pruyn's Island Drive. The section of road is set to receive new sidewalks and curb ramps in compliance with the Americans with Disabilities Act, as well as drainage, signs, striping and pedestrian signals. The first of two new pedestrian traffic bridges is also set to be installed over the Glens Falls Feeder Canal.During closure hours, no traffic will be allowed through Pruyn Island in either direction, except in cases of police or fire emergencies. Meanwhile, another Glens Falls road closure will take place on Wednesday on Bay Street and Webster Avenue, for sewer wor...

Lineup set for the first annual 518 Black Restaurant Week

Published Fri, 07 Mar 2025 02:32:49 GMT

ALBANY, N.Y. (NEWS10) -- The first annual 518 Black Restaurant Week is set for June 19 through 25. Over 15 restaurants in Albany, Cohoes, Schenectady, and Troy are participating. Get the latest, news, weather, sports and community events delivered right to your inbox! During an Albany Common Council meeting on June 5, the council approved a resolution declaring the week of June 19 each year Black Restaurant Week. This coincides with Juneteenth, which commemorates the end of slavery in the United States.The week intends to bring awareness to Black-owned dining options in the Capital Region. During the week, participating restaurants will be offering three-course prix fixe menus for $35 for dine-in and take-out. Schenectady restaurant set to reopen after fire Participating restaurantsJohnnie's on Broadway, 1278 Broadway in AlbanyAllie B's Cozy Kitchen, 353 Clinton Avenue in AlbanySugafoots Soul Kitchen, 165 Madison Avenue in AlbanyJuice Factory, 501 Broadway in TroyIrie Vybez, 31...

Scattered showers Wednesday near St. Louis

Published Fri, 07 Mar 2025 02:32:49 GMT

ST. LOUIS - A backdoor cold front is moving in for Wednesday. That means it is dropping in from the northeast. It will bring scattered showers through the day and some possible storms in the afternoon west of St. Louis. It won’t be much rain, but we’ll take anything we can get. Temperature highs will be in the low to mid 80s, and warmer the farther west you are.   St. Louis radar: See a map of current weather here It'll be cooler and drier air that will settle on Wednesday night as skies clear. Wake up temps on Thursday will be in the 50s. Really nice weather Thursday and Friday, as highs are expected to be in the low to mid 80s. We’ll pop temps back close to 90 Saturday before a more robust chance at some rain and storms Saturday night and Sunday morning.