105.9 The Region

TORONTO — Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by half a percentage point Wednesday to 3.75 per cent. All of the Big Six banks including RBC, TD, BMO, Scotiabank, CIBC and National […]

OTTAWA — Canada’s anti-money laundering agency is warning about the key areas that lawyers could be aiding in the illicit movement of funds. In a special bulletin, Fintrac says banks and other reporting entities should be especially mindful of the potential in areas like the misuse of client or trust accounts, real estate purchases, and […]

OTTAWA — Prime Minister Justin Trudeau was smiling as he walked out of what was expected to be a tense caucus meeting this afternoon, telling reporters the Liberal party is “strong and united.” The meeting on Parliament Hill lasted about three hours, and Liberal MPs were tight-lipped about what happened behind closed doors. More coming. […]

OTTAWA — Last May, when Jenny Saulnier was home alone with her dog in Nova Scotia while her son and husband were at hockey, she scrolled through social media and saw there was a house fire some nine kilometres from her home, and was assured she would be fine. “I was safe where I was. […]

KITCHENER, Ont. — Prosecutors are arguing a man who stabbed a professor and two students in a University of Waterloo gender studies class last year should face a lengthy sentence because of the attack’s lasting impact on campus safety and security. Federal prosecutor Althea Francis says a sentence in the upper range is appropriate not […]

TORONTO — Canada’s main stock index was down nearly 150 points in late-morning trading, weighed down by losses in the base metal and energy sectors, while U.S. stock markets also fell. The S&P/TSX composite index was down 149.17 points at 24,567.53. In New York, the Dow Jones industrial average was down 368.02 points at 42,556.87. […]

OTTAWA — The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent. Here’s what people are saying about the decision: “High inflation and interest rates have been a heavy burden for Canadians. With inflation now back to target and interest rates continuing […]

OTTAWA — Here are some notable quotes from Liberal members of Parliament as they headed into a caucus meeting Wednesday where they are set to debate Prime Minister Justin Trudeau’s leadership: “There is what would you call some palace drama going on right now. And that takes us away from the number 1 job, which […]

TORONTO — While the Bank of Canada’s fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet. The central bank brought its key policy rate down by half a percentage point to 3.75 per […]

OTTAWA — People who fight wildfires are on Parliament Hill today to demand the federal government better support firefighters, warning more will leave the job if they don’t. Harold Larson, a former firefighter from Vancouver, says wildfire work is gruelling, yet there is little reward to entice people to return year after year. He says […]