Borrowing costs began to ease for some Canadians on Wednesday after the Bank of Canada announced its first interest rate cut since March, lowering its overnight policy rate by 25 basis points, from 2.75% to 2.5%. Commercial lenders, such as private banks, base their own lending rates on the central banks benchmark rate. The Bank of Canada pointed to a...

The massive surge in energy demand from data centers is driving an all options on the table approach to energy security. The AI boom is pushing investments toward alternative energy sources that were previously overlooked and underfunded, including geothermal energy. While this carbon-free source currently makes up just 0.4% of the US energy mix, many experts believe it is poised...

The British pound fell in the European market on Thursday against a basket of global currencies, extending its losses for the second consecutive day against the US dollar, moving away from its two-month high, under pressure from accelerating correction and profit-taking, in addition to the continued recovery of the US currency from multi-year lows. This decline comes ahead of the...

The US Federal Reserve announced on Wednesday its decision to cut the benchmark interest rate by 25 basis points, from 4.50% to 4.25%, in a move that was broadly in line with market expectations. ...