Local News from Across the Rainy River District
WASHINGTON (AP) – The head of the International Monetary Fund says the agency is trimming its forecast for global growth this year. IMF Managing Director Kristalina Georgieva on Tuesday cited rising risks from inflation, debt and a divergence in growth prospects between nations with access to coronavirus vaccines and those […]
Stock rose broadly in morning trading on Wall Street Thursday and erased weekly losses for most of the major indexes. The gains follow Wednesday’s bump higher after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. The S&P 500 index rose […]
WASHINGTON (AP) – The number of Americans seeking unemployment benefits fell last week to 310,000, a pandemic low and a sign that the surge in COVID-19 cases caused by the delta variant has yet to lead to widespread layoffs. Thursday’s report from the Labor Department showed that jobless claims dropped […]
WASHINGTON (AP) – The number of Americans seeking unemployment benefits fell last week to 340,000, a pandemic low, another sign that the job market is steadily rebounding from the economic collapse caused by the coronavirus pandemic. Jobless claims dropped by 14,000, the Labor Department reported Thursday. The weekly count has […]
WASHINGTON (AP) – With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on the overall U.S. economy will likely be […]
The Education Department announced Thursday it will forgive student debt for more than 100,000 borrowers who attended colleges in the now-defunct ITT Technical Institute chain but left before graduating. In a rarely used move, the agency said it will erase federal loans for borrowers who left the for-profit colleges during […]
TOKYO – Stocks were solidly higher Monday, led by gains in a broad range of technology, financial and health care companies. Energy stocks rose as the price of crude oil recovered some of the ground it has lost in recent days. Crude oil prices were up 5.5%. The S&P 500 […]
WASHINGTON (AP) – The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low, the latest sign that America’s job market is rebounding from the pandemic recession as employers boost hiring to meet a surge in consumer demand. The Labor Department reported […]
TORONTO – North American stock markets trended broadly lower Wednesday and oil prices declined for a fifth straight day amid investor fears about the unrelenting spread of the COVID-19 Delta variant. “Equity markets have stumbled this week, with traders assessing the global economic landscape and the trajectory of the pandemic,” […]
Additional funding helps keep vulnerable people safe across Kenora-Rainy River KENORA —The Ontario government is providing $2,939,600 to help the Kenora District Services Board ($2,451,800) and the Rainy River District Social Services Board ($487.800) continue to deliver critical services, create longer-term housing solutions and keep vulnerable people safe. “Our government […]
TORONTO – Ontario says it will immediately pay $39 million to the province’s optometrists to retroactively account for the increased costs of services funded by the government. The one-time payment comes after optometrists threatened to stop conducting eye exams covered by provincial heath insurance in September. The province says it […]
VANCOUVER – A fifth defence lawyer on Meng Wanzhou’s legal team is expected to step up to bat today to make a fresh set of legal arguments in the Huawei executive’s formal extradition hearing. Scott Fenton is expected to argue in the B.C. Supreme Court that the United States has […]
