National Business

TOKYO (AP) — The Bank of Japan has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level.

VANCOUVER — Vancouver Mayor Ken Sim has unveiled a plan to revitalize the city's troubled Downtown Eastside that includes pausing the construction of net new supportive housing units.

TORONTO — Premier Doug Ford plans to call a snap election next Wednesday and send Ontarians to the polls on Feb. 27, The Canadian Press has learned.

TORONTO — TD Bank Group says it's appointed Jacqueline Sanjuas as global head of financial crime risk management. The bank says in a press release that Sanjuas, who joined the bank a year ago, will continue to serve as U.S. Bank Secrecy Act officer.

VICTORIA — The driver of a garbage truck in Victoria is being hailed for his quick thinking when he saw smoke coming from the back compartment.

WASHINGTON (AP) — President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep. Economic growth is solid , driven by healthy consumer spending .

TORONTO — Canada's main stock index rose more than 100 points Thursday, helped by strength in industrial and utility stocks, while U.S. stock markets also rose. The S&P/TSX composite index closed up 122.58 points at 25,434.08.

NEW YORK (AP) — U.S. stocks rose to their first all-time high of 2025 as Wall Street regained a bit of the momentum that catapulted it to 57 records last year. The S&P 500 rose 0.

HALIFAX — Nova Scotia seafood industry representatives voiced concerned Thursday over comments from the premier that he's open to ending a moratorium on fossil fuel drilling in the rich Georges Bank fishing grounds.

Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.