The Mix

MIAMI (AP) — Executive directors of the Inter-American Development Bank voted unanimously Thursday to recommend firing a former Trump official as president of the Washington-based institution, a person familiar with the vote said.

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,002.68, down 181.86 points) TC Energy Corp. (TSX:TRP). Energy. Down 15 cents, or 0.24 per cent, to $62.51 on 8.8 million shares.

BANFF, Alta. — Preventing current high inflation levels from becoming embedded into the public's expectations is key if the country is to avoid falling into recession, former Bank of Canada governor Stephen Poloz said Thursday.

WATERBURY, Conn. (AP) — Alex Jones took the stand Thursday at his Connecticut defamation trial, acknowledging he had promoted the conspiracy theory that the 2012 Sandy Hook massacre was a hoax, but angrily refusing to keep apologizing for that.

ATLANTIC CITY, N.J. (AP) — The COVID pandemic forced most U.S. casinos to close for months, causing payrolls, revenue and earnings to tumble.

TORONTO — Canadian and U.S. markets were again under pressure Thursday after the Federal Reserve rate decision a day earlier indicated more rate hikes, and economic pain, to come.

BEIJING — Stocks closed lower on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation. The S&P 500 fell 0.8% Thursday.

TORONTO — The Canadian dollar slid lower again Thursday, hitting lows not seen in more than two years, a day after the U.S. Federal Reserve raised its key interest rate by three-quarters of a percentage point.

The next airline hoping to pose a threat to the country's Air Canada-WestJet duopoly has landed its inaugural flight.

WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2008 as the Federal Reserve intensified its effort to tamp down decades-high inflation and cool the economy.