By Karen Brettell NEW YORK (Reuters) – The dollar bounced off two-week lows on Friday as investors awaited inflation data and the Federal Reserve’s interest rate decision next week for any new clues on how high the U.S. central bank is likely to hike rates. The Fed is expected to hold rates steady at its…
By David Ljunggren OTTAWA (Reuters) – Wildfires spread in the western Canadian province of British Columbia on Friday, while in the east, Quebec said it would start efforts to control blazes that have sent smoke billowing across North American cities. Canada is enduring its worst start to the wildfire season, with 2,392 fires so far…
By Laura Sanicola (Reuters) – New York lawmakers are considering legislation on Friday that would create the first market for low-carbon fuels on the U.S. East Coast in order to help the state reach its decarbonization goals. The legislation, modeled off of California’s Low Carbon Fuel Standard, aims to reduce carbon intensity from the on-road…
By Tyler Clifford NEW YORK (Reuters) – The mass of smoky air that choked New York, Washington and other U.S. cities earlier this week moderated on Friday as it drifted as far south as the Florida Panhandle, and conditions improved to “moderate” along most of the Eastern Seabord. The U.S. National Weather Service said air…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada unexpectedly shed jobs in May and the unemployment rate rose for the first time in nine months, data showed on Friday, a first sign of employment softness after the central bank hiked rates this week, in part because of the tight labour market. The economy shed…
TORONTO (Reuters) – Canada’s economy lost a net 17,300 jobs in May, entirely in full-time work, and the jobless rate rose to 5.2%, Statistics Canada data showed on Friday. Analysts had forecast an increase of 23,200 jobs, and that the jobless rate would rise to 5.1%. Employment in the goods producing sector grew by a…
By Kanishka Singh and Brad Brooks WASHINGTON (Reuters) -The shroud of polluted air emanating from Canadian wildfires pushed further down the Atlantic Seaboard on Thursday, blanketing Washington, D.C., in an unhealthy haze and prompting many residents of the nation’s capital to stay indoors. Traffic was light and trains less crowded than usual as many companies…
By Jeff Mason WASHINGTON (Reuters) – The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at China. Australia, Britain, Canada, Japan, and New Zealand jointly released the…
By Arriana McLymore and Deborah Mary Sophia (Reuters) -Amazon.com said on Thursday that it was cutting delivery routes short for drivers in places affected by poor air quality, while Target also said its contactless order pickup service may not operate in the most affected areas. Hundreds of forest fires are burning across much of Canada…
By Anna Mehler Paperny and Kyaw Soe Oo TORONTO (Reuters) – Just when it seemed safe to unmask, some Canadians are donning the face coverings made ubiquitous during the coronavirus pandemic as a protection against hazardous smoky conditions as wildfires ravage much of the country. Canada is seeing its worst-ever start to wildfire season as…
