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Statistics Canada to release November inflation figures today

Published Sat, 08 Feb 2025 12:08:25 GMT

OTTAWA — Statistics Canada is set to release its November consumer price index report this morning.Economists at both TD and RBC are expecting Canada’s inflation rate fell back to the one to three per cent target range. RBC says it expects Canada’s inflation rate eased to 2.9 per cent last month as gasoline prices fell and the pace of growth in food prices slowed.The inflation rate was 3.1 per cent in October.The Bank of Canada has been encouraged by the recent slowdown in inflation and the economy overall, opting to hold its key interest rate steady at five per cent over the last few months. Forecasters expect the central bank’s next move will be to cut interest rates once it feels more confident that inflation is heading back to two per cent.This report by The Canadian Press was first published Dec. 19, 2023.The Canadian Press

Stock market today: World shares are mostly higher as Bank of Japan keeps its lax policy intact

Published Sat, 08 Feb 2025 12:08:25 GMT

BANGKOK (AP) — World shares were mostly higher on Tuesday after a seven-week winning streak on Wall Street cooled. Germany’s DAX gained 0.4% to 16,710.29 and in London, the FTSE 100 was up 0.3% at 7,634.05. In Paris, the CAC 40 slipped 2 points to 7,567.01. The futures for the S&P 500 and the Dow industrials both gained less than 0.1%. Tokyo’s Nikkei 225 index gained 1.4% to 33,219.39 after the Bank of Japan kept its ultra-lax monetary policy unchanged, as expected. The dollar rose against the yen, climbing to 144.59 yen from 142.79.The S&P/ASX 200 in Sydney added 0.8% to 7,489.10, while South Korea’s Kospi edged 0.1% higher to 2,568.55. Hong Kong’s Hang Seng index declined 1% to 16,469.32 and the Shanghai Composite index gained less than 0.1% to 2,932.39.Bangkok’s SET edged 0.1% higher, while Taiwan’s Taiex fell 0.4%. On Monday, the S&P 500 rose 0.5% and the Nasdaq composite picked up 0.6%. The Dow Jones Industrial Average finished es...

Daily horoscope for December 19, 2023

Published Sat, 08 Feb 2025 12:08:25 GMT

Moon Alert: Avoid shopping or important decisions from 4 p.m. to 6 p.m. EST today (1 p.m. to 3 p.m. PST). After that, the Moon moves from Pisces into Aries.Happy Birthday for Tuesday, Dec. 19, 2023:You are energetic, daring and courageous. You are highly individualistic, and seldom hesitant to express your feelings. This is a slower paced year and a time to rejuvenate your energy. Concentrate on your needs, especially the relationships that will bring you happiness. (People who have your back.)ARIES(March 21-April 19) ★★★This is a bit of a dreamy day. You might be lost in your own daydreams and fantasies, which is why you need to pay attention. (Check the Moon Alert.) After the Moon Alert is over and the Moon is in your sign, you’ll be on track and in charge. Tonight: You win!TAURUS(April 20-May 20) ★★★★You might feel tenderhearted and sympathetic to a friend today. Or perhaps you want to help a charitable group. Kindness is the most important thing. Nevertheless, before you s...

Volcano erupts in southwestern Iceland, spewing magma in spectacular show of Earth’s power

Published Sat, 08 Feb 2025 12:08:25 GMT

By MARCO Di MARCO and DAVID KEYTON (Associated Press)GRINDAVIK, Iceland (AP) — A volcano has erupted in southwestern Iceland, sending a flash of light into the evening sky and spewing semi-molten rock into the air in a spectacular show of Earth’s power in the land known for fire and ice. The eruption Monday night appears to have occurred about 4 kilometers (2.4 miles) from the town of Grindavik, the Icelandic Meteorological Office said. The town near Iceland’s main airport was evacuated in November after strong seismic activity damaged homes and raised fears of an imminent eruption.Iceland, which sits above a volcanic hotspot in the North Atlantic, averages an eruption every four to five years. The most disruptive in recent times was the 2010 eruption of the Eyjafjallajokull volcano, which spewed huge clouds of ash into the atmosphere and led to widespread airspace closures over Europe.But the eruption on the Reykjanes Peninsula, about 50 kilometers (31 miles) sout...

Commission welcomes political agreement on new rules on substances of human origin

Published Sat, 08 Feb 2025 12:08:25 GMT

The Commission welcomes the political agreement reached on 14 December between the European Parliament and the Council to further increase the safety and quality of substances of human origin (SoHO). As proposed by the Commission in July 2022 and as part of the actions to build a strong European Health Union, the new rules will ensure that citizens are better protected when donating or receiving substances such as blood, tissues, cells, breast milk or microbiota.The new rules include a range of measures that fill regulatory gaps, in order to support the functioning of this essential healthcare sector. In addition, they aim at facilitating the cross-border circulation of SoHO and promote greater cooperation between national public health authorities. Furthermore, the Regulation now tackles concerns regarding sufficiency of supply, highlighted by the COVID-19 pandemic.The European Parliament and the Council will now have to formally adopt the new Regulation, which will start to apply ...

Harriette Cole: I don’t want to offend my friend but I can’t stay in this house

Published Sat, 08 Feb 2025 12:08:25 GMT

DEAR HARRIETTE: I’ve received an invitation to stay at a friend’s house over the holidays, but I feel uncomfortable about the living conditions.Related ArticlesAdvice | Harriette Cole: An audience makes my roommate more irritating Advice | Harriette Cole: He’s finally single, but his ex brainwashed him. How can I get through? Advice | Harriette Cole: How do I tell this nice girl I sent the text by mistake? Advice | Harriette Cole: How far should I go with my Christmas to remember? Advice | Harriette Cole: He hasn’t told his therapist about this big problem Their place tends to be messy, and I’m unsure how to handle this situation without offending them.I value our friendship, but I’m hesitant about staying in an environment that makes me uneasy.How can I navigate this situation tactfully while expressing my concerns?— UninhabitableDEAR UNINHABITABLE: “No...

Miss Manners: People are noticing my watch and it’s making me uncomfortable

Published Sat, 08 Feb 2025 12:08:25 GMT

DEAR MISS MANNERS: I am not knowledgeable about watches. I found the watch I often wear by searching online for a self-winding watch and finding one that was in my budget and looked nice.Related ArticlesAdvice | Miss Manners: Snow shoveling has created an awkward situation with my neighbors Advice | Miss Manners: Our houseguests canceled abruptly and implied we were running a frat party Advice | Miss Manners: If you’re the best man at this wedding, brace for embarrassment Advice | Miss Manners: I’m irritated by drivers who leave their car at the pump Advice | Miss Manners: I’m offended that they think my husband knows best What I didn’t realize at the time was that it was a knockoff of a popular luxury design.In the past, when somebody would compliment me on my watch, I would explain that it wasn’t what they thought it was. But I recently changed jobs and am seeing many more...

Nearly 140,000 still without power as recovery from Monday storm continues

Published Sat, 08 Feb 2025 12:08:25 GMT

Nearly 140,000 residents were still without power Tuesday morning, waking up the day after a wet and windy storm rocked southern New England. Many schools are closed Tuesday due to continued issues with power; Cohasset, Duxbury, Marshfield, Norwell, Pembroke, Millis, South Shore Christian Academy, and Southeastern Regional Vocational Technical, and Foxborough Regional Charter are closed all day. Scituate closed schools for Tuesday morning. At the storm’s peak, around 12:30 p.m. Monday, the Massachusetts Emergency Management Agency reported more than 285,000 outages statewide, with South Shore communities among the hardest hit.“Our crews worked throughout the day today, where safe to do so, and will continue throughout the night and around the clock to restore power to our customers as quickly and safely as possible,” Tim Moore, National Grid’s Vice President for Electric Operations for New England said Monday night in a statement. ...

Thousands on South Shore still waiting for power to return, schools closed Tuesday

Published Sat, 08 Feb 2025 12:08:25 GMT

Much of the South Shore is starting Tuesday still without power.As of 6 a.m., 92 percent of customers in Scituate, 70 percent of customers in Norwell, and more than half of all customers in Duxbury, Pembroke, Hanover, Hanson and Halifax were still in the dark.National Grid said it could take until Thursday to fully restore power.“Residents are strongly advised to avoid road travel to facilitate cleanup efforts by the Town of Scituate and National Grid crews working overnight,” Scituate officials said near 5:15 p.m. “National Grid will perform damage assessments during the night, and restoration efforts will commence once it is deemed safe.”Scituate schools were closed Tuesday morning, as were those in Cohasset, Duxbury, Marshfield, Norwell, and Pembroke.One National Grid worker in Scituate told 7NEWS he was tasked with keeping people clear of a utility pole left swaying in the wind over a local street.“If it comes down, it could be deadly,” said James McCauley.“Stay clear of everyth...

Hull ferry service closed for storm cleanup

Published Sat, 08 Feb 2025 12:08:25 GMT

Multiple cars parked in the MBTA ferry parking lot in Hull were struck by falling power poles during Monday’s storm.No one was hurt by the tumbling poles, which crushed the cars. Officials said ferry service will be closed for the entire day Tuesday as crews work to clean up the mess left by the extreme wind and rain. https://twitter.com/MBTA/status/1736818749976514766