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  • News
    The Canadian Press

    Cap on plastic production may be too complicated for global treaty: Guilbeault

    OTTAWA — A global treaty to end plastic waste can be ambitious and successful without firm caps on plastic production, which are hard to design and harder to get agreement on, Canada's environment minister said Friday. Negotiators from 175 nations are in Ottawa trying to solidify some of the details of such a treaty, which is supposed to be finalized this fall in Korea. A cap on plastics is among the most contentious items on the table. Environment Minister Steven Guilbeault said there's a need

  • Business
    The Canadian Press

    JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

    NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may be stickier for longer and that “stagflation is on the list of possible things” that could happen to the U.S. economy. “You sho

  • Business
    The Canadian Press

    Fed's preferred inflation gauge shows price pressures stayed elevated last month

    WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid. Friday's report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed's 2% infla

  • News
    The Canadian Press

    Killer whale calf trapped in B.C. swims out of lagoon on her own

    ZEBALLOS, B.C. — A killer whale calf made her own bid for freedom Friday for a potential reunion with extended family in the nearby ocean, swimming under a bridge at high tide and out of a remote Vancouver Island lagoon where she had been trapped for more than a month. The orca has been the focus of intense rescue efforts since March 23 when her pregnant mother became stranded on a rocky beach near the bridge at low tide and died. The Ehattesaht and Nuchatlaht First Nations say in a statement th