National Business

TORONTO — Economic forecasts suggest the Bank of Canada will likely lower its key policy rate by a quarter of a percentage point on Wednesday in light of recent inflation and jobs data, bringing it down to three per cent.

BOGOTA, Colombia (AP) — The White House claimed victory in a showdown with Colombia over accepting flights of deported migrants from the U.S.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Metro results Metro Inc. is expected to release its first-quarter results on Tuesday and hold its annual meeting of shareholders.

BUFFALO, N.Y. (AP) — A freighter was on its way to Canada on Sunday after it was freed from ice that trapped it in a frozen Lake Erie for days, the U.S. Coast Guard said.

For Canadian renters, it may feel like the years since the COVID-19 pandemic have brought one hit after another. After a 4.6 per cent increase in the average asking price of a rental unit in 2021, monthly payments surged 12.

ST. JOHN'S, N.L. — Norwegian energy giant Equinor has contracted two companies to do preliminary work for the stalled Bay du Nord offshore oil project in Newfoundland and Labrador.

MONTREAL — The International Brotherhood of Electrical Workers says it has given Canadian National Railway a 72-hour strike notice. The union represents about 750 employees at CN who work in signals and communications.

At the turn of the millennium, just as he was reaching the peak of his fame, Tom Green hit one of the lowest points of his life.

DUBAI, United Arab Emirates (AP) — Fighting around Sudan 's largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending thick, black smoke over the country's capital.

DUBAI, United Arab Emirates (AP) — Fighting around Sudan 's largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending thick, black polluted smoke over the country's capital.