The Supreme Court rejects Biden’s plan to wipe away $400 billion in student loan debt
By Mark Sherman, The Associated Press on June 30th, 2023
WASHINGTON (AP) – A sharply divided Supreme Court on Friday effectively killed President Joe Biden’s $400 billion plan to cancel or reduce federal student loan debts for millions of Americans. The 6-3 decision, with conservative justices in the majority, said the Biden administration overstepped its authority with the plan, and it leaves borrowers on the ... Read More »
Be the first to comment!Businesses expect more but slowing price, wage increases: BoC survey
By The Canadian Press on June 30th, 2023
OTTAWA – A new survey by the Bank of Canada suggests businesses still anticipate larger-than-normal wage and price increases, but expectations are shifting closer to what they were before the pandemic. In its business outlook survey, the central bank says that for the first time since the beginning of the pandemic, businesses on balance expect ... Read More »
Be the first to comment!The Supreme Court rejects Biden’s plan to wipe away $400 billion in student loans
By The Associated Press on June 30th, 2023
WASHINGTON (AP) – A sharply divided Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans. The 6-3 decision, with conservative justices in the majority, effectively killed the $400 billion plan, announced by President Joe Biden last year, and left borrowers on ... Read More »
Be the first to comment!The Supreme Court rules for a designer who doesn’t want to make wedding websites for gay couples
By Jessica Gresko, The Associated Press on June 30th, 2023
WASHINGTON (AP) – In a defeat for gay rights, the Supreme Court’s conservative majority ruled Friday that a Christian graphic artist who wants to design wedding websites can refuse to work with same-sex couples. The court ruled 6-3 for designer Lorie Smith despite a Colorado law that bars discrimination based on sexual orientation, race, gender ... Read More »
Be the first to comment!Canadian economy holds steady in April as real GDP remains unchanged, StatCan reports
By The Canadian Press on June 30th, 2023
OTTAWA – Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March. The April figure came in lower than expected by Statistics Canada as services-producing industries were unchanged while goods-producing industries edged up 0.1 per cent. The federal agency’s advance estimate for May however suggests real gross domestic ... Read More »
Be the first to comment!Stock market today: Wall Street opens higher after inflation shows signs of easing
By Elaine Kurtenbach And Matt Ott, The Associated Press on June 30th, 2023
NEW YORK (AP) – Wall Street is rising again after reports suggested pressure on inflation may be easing across the country. The stock market is heading for the close of a winning week, month and first half of the year. The S&P 500 was 0.8% higher in early trading Friday. The Dow Jones Industrial Average ... Read More »
Be the first to comment!Canadian economy steady in April as real GDP remains unchanged, StatCan reports
By The Canadian Press on June 30th, 2023
OTTAWA – Statistics Canada says the Canadian economy remained essentially unchanged in April, following a slight uptick in March. The federal agency’s advance estimate suggests real gross domestic product grew 0.4 per cent in May, led by the manufacturing and wholesale trade sectors. The April figure came in lower than expected by Statistics Canada as ... Read More »
Be the first to comment!Executives urge Europe to rethink its world-leading AI rules
By The Associated Press on June 30th, 2023
LONDON (AP) – More than 150 company executives are urging the European Union to rethink the world’s most comprehensive rules for artificial intelligence, saying Friday that upcoming regulations will make it harder for companies in Europe to compete with rivals overseas, especially when it comes to the technology behind systems like ChatGPT. Officials at companies ... Read More »
Be the first to comment!An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years
By Christopher Rugaber, The Associated Press on June 30th, 2023
WASHINGTON (AP) – An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs. At the same time, consumers barely increased their spending last month, boosting it just 0.1%, after a solid 0.6% gain in ... Read More »
Be the first to comment!Hydro One reaches tentative agreement with Power Workers’ Union
By The Canadian Press on June 30th, 2023
TORONTO – Hydro One Inc. says it has reached tentative agreements covering two contracts with the Power Workers’ Union, which represents the company’s front-line workers. Details of the proposed settlements were not immediately available. The power utility says the main agreement covers front-line staff, while the customer service operations collective agreement includes staff in customer ... Read More »
Be the first to comment!‘We’re addressing the symptom, not the cause’: A look at food banks across Canada
By The Canadian Press on June 30th, 2023
The word “crisis” comes up quickly when speaking with those who run food banks across Canada. With inflation driving food prices higher while wages and support programs lag behind, numerous directors say demand at Canada’s food banks is greater than ever. In some cities, food banks have been forced to offer less to each person ... Read More »
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