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Fed plans to raise rates starting in March to cool inflation

Fed plans to raise rates starting in March to cool inflation

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also stubbornly high inflation.
Moderna begins testing omicron-matched COVID shots in adults

Moderna begins testing omicron-matched COVID shots in adults

CAMBRIDGE, Mass. — Moderna has begun testing an omicron-specific COVID-19 booster in healthy adults. The company announced Wednesday that the first participant had received a dose.
Lawyer: Avenatti said he'd represent porn star for a dollar

Lawyer: Avenatti said he'd represent porn star for a dollar

NEW YORK (AP) — Michael Avenatti jumped at the chance to represent porn star Stormy Daniels in 2018, saying he’d do it for a dollar, another California attorney testified Wednesday at Avenatti's criminal trial.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,595.89, up 4.91 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 50 cents, or 1.4 per cent, to $35.36 on 11.9 million shares.
S&P/TSX composite edges higher as crude oil prices rise, U.S. stock markets mixed

S&P/TSX composite edges higher as crude oil prices rise, U.S. stock markets mixed

TORONTO — Canada's main stock index gave up early gains but still posted a small increase as crude oil prices hit a more than seven-year high and the central bank kept its key interest rate in check.
Picasso heirs launch digital art piece to ride 'crypto' wave

Picasso heirs launch digital art piece to ride 'crypto' wave

GENEVA (AP) — Pablo, meet Crypto.
Los Angeles City Council approves phaseout of oil drilling

Los Angeles City Council approves phaseout of oil drilling

The Los Angeles City Council on Wednesday approved a measure to ban new oil and gas wells and phase out existing ones.
DesRosiers says Canadian auto production last year hit lowest level since 1967

DesRosiers says Canadian auto production last year hit lowest level since 1967

TORONTO — DesRosiers Automotive Consultants says Canada produced just over 1.1 million light vehicles last year for the lowest level of production since 1967. The low production numbers, down from 1.

Dark Web marketplace taken down after CRTC levies anti-spam penalties

GATINEAU, Que. — Canada's broadcasting regulator says a prominent Dark Web marketplace has been taken off-line after it levied $300,000 in fines against four individuals linked to the business.
Collision to return to in-person format this year with Toronto conference

Collision to return to in-person format this year with Toronto conference

TORONTO — International technology conference Collision says it will return to hosting an in-person event this year in Toronto.