Canada markets open in 5 hours 46 minutes
  • Business
    The Canadian Press

    The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

    TOKYO (AP) — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The Bank of Japan's lending rate for overnight borrowing by banks was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that confirmed expectations of a shift away from ultra-lax monetary policy. It was the first rate hike since February 2007. The negative interest rate policy, combined with other

  • Business
    Reuters

    AstraZeneca to buy Fusion Pharma for $2 billion in cash

    The drugmaker will pay $21 per Fusion share, a premium of more than 97% to the U.S.-listed company's closing price on Monday. AstraZeneca will also pay a non-transferable contingent value right of $3 per share, taking the combined transaction value to about $2.4 billion. Fusion, which is developing "next-generation" radioconjugates (RCs) to treat cancer, will become a wholly-owned subsidiary of AstraZeneca, with operations continuing in Canada and the U.S., it said.

  • Business
    Bloomberg

    BOJ Ends Era of Negative Rates With Few Clues on Further Hikes

    (Bloomberg) -- The Bank of Japan ended the most aggressive monetary stimulus program in modern history, scrapping the world’s last negative interest rate and a raft of unconventional tools, while leaving the course of additional hikes unclear.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamMusk Says His Ketamine Prescription Is in Investors’ Best InterestsNvidia Unveils Successor to Its All-

  • Business
    Bloomberg

    India Buying More US Oil as Sanctions Stifle Russian Flows

    (Bloomberg) -- Indian oil refiners are on track to take the most American crude in almost a year after tighter enforcement of US sanctions crimped trade with Russia and forced processors to look elsewhere for supply.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamMusk Says His Ketamine Prescription Is in Investors’ Best InterestsNvidia Unveils Successor to Its All-Conquering AI ProcessorPuti