麻豆影视

Business

    • Russia's central bank slashes rate, saying inflation slows

    Share
    MOSCOW -

    The Russian central bank slashed its key interest rate Friday just a month after dropping it to where it was before sending troops into Ukraine, saying inflation is still easing partly as consumer demand falls.

    The bank lowered its key rate by 1.5 percentage points, to 8%. It said inflation expectations have 鈥渟ignificantly decreased,鈥 reaching spring 2021 levels, while a decline in business activity was slower than expected in June.

    However, 鈥渢he external environment for the Russian economy remains challenging and continues to significantly constrain economic activity,鈥 the central bank said in a statement.

    It had hiked the rate as high as 20% in the wake of the Feb. 24 military operation in Ukraine and the resulting Western sanctions that restrict dealings with Russian banks, individuals and companies.

    As sanctions and the exit of Western companies from Russia have led to global economic isolation, the central bank has managed to stabilize the currency and financial system by preventing money from leaving Russia and forcing exporters to exchange most of their foreign earnings into rubles.

    The ruble traded at 58.8 to the dollar Friday, making it worth more than the day before the invasion of Ukraine, when it took 78.8 rubles to reach $1.

    The bank said annual inflation fell to 15.9% in June, compared with 17.1% in May, and estimated it slid to 15.5% as of July 15. It cited 鈥渟ubdued consumer demand鈥 and the ruble's exchange rate for the drop.

    鈥淭he recent essentially involuntary accumulation of savings is a compressed spring in the economy, which can cause dramatic consumption growth under certain circumstances,鈥 central bank head Elvira Nabiullina said at a news conference. 鈥淚t can quickly speed up demand inflation when the offer of goods and services is limited.鈥

    The bank expects inflation to keep going down - to 12-15% this year, to 5-7% in 2023, and 4% in 2024.

    The interest rate cut comes as central banks around the world are rushing in the opposite direction, raising rates to combat inflation fueled by Russia's actions in Ukraine. The European Central Bank on Thursday made a bigger-than-expected hike of half a percentage point as high energy prices tied to the military operation drive up consumer prices to 8.6%.

    Those energy costs are benefiting Russia, a major oil and natural gas exporter. Despite energy income growing and the central bank propping up indicators like the exchange rate, the long-term impact of Russia's global isolation will be deepening economic stagnation and lower incomes for its people, economists say.

    CTVNews.ca Top Stories

    Police have arrested a Toronto woman in connection with three recent homicides and investigators say that they believe two of the victims may have been 'randomly targeted.'

    A teen charged with the murder of another teen on Prince Edward Island last year has pleaded guilty to a lesser charge of manslaughter.

    BREAKING

    BREAKING

    The jury tasked with determining if Canadian musician Jacob Hoggard sexually assaulted a young woman in northeastern Ontario eight years ago began deliberating Friday after nearly two weeks of testimony that saw the singer and his accuser give starkly different accounts of what happened.

    BREAKING

    BREAKING

    A northeastern Ontario jury has started deliberating in Canadian musician Jacob Hoggard's sexual assault trial, we can now tell you what they weren't allowed to hear.

    Canada

    • Police have arrested a Toronto woman in connection with three recent homicides and investigators say that they believe two of the victims may have been 'randomly targeted.'

    • At least two people are dead and others are injured after a fire ripped through a century-old building near Montreal's City Hall, sources told Noovo Info.

    • BREAKING

      BREAKING

      A northeastern Ontario jury has started deliberating in Canadian musician Jacob Hoggard's sexual assault trial, we can now tell you what they weren't allowed to hear.

    • A teen charged with the murder of another teen on Prince Edward Island last year has pleaded guilty to a lesser charge of manslaughter.

    • The owners of a North York condominium say they are facing a $70,000 special assessment to fix their building's parking garage. '$70,000 is a lot of money. It makes me very nervous and stressed out of nowhere for this huge debt to come in,' said Ligeng Guo.

    • The federal Fisheries Department says it is concerned about a "pattern" of violence and threats toward its enforcement officers after two tense incidents off southwestern Nova Scotia last month.

    World

    Politics

    Health

    • Staff at Saskatoon's Royal University Hospital are calling for systemic changes just two days after its emergency room was more than three times above its capacity.

    • An Ontario child has died after coming in contact with a rabid bat, a health official confirmed on Wednesday.

    Sci-Tech

    Entertainment

    Business

    Lifestyle

    • A five-seat sushi counter located inside another restaurant is the latest Vancouver eatery to receive a Michelin star.

    • What does New Westminster's t蓹m蓹sew虛tx史 Aquatic and Community Centre have in common with a historic 68,000-seat stadium in Beijing, an NFL stadium and the aquatics venue for the Paris Olympics? They've all been named among the world's most beautiful sports venues for 2024.

    Sports

    Autos

    • A Pickering, Ont., student going to college to be a mechanic is shocked the engine in his two-year-old car will not be repaired under warranty after the dealership claimed he had been 'over-revving' the engine.

    • A group of classic car enthusiasts donated hundreds of blankets to nursing homes in Nova Scotia.

    Local Spotlight

    Chantal Kreviazuk is set to return to Winnipeg to mark a major milestone in her illustrious musical career.

    From the beaches of Cannes to the bustling streets of New York City, a new film by a trio of Manitoba directors has toured the international film festival circuit to much pomp and circumstance.

    A husband and wife have been on the road trip of a lifetime and have decided to stop in Saskatchewan for the winter.

    The grave of a previously unknown Canadian soldier has been identified as a man from Hayfield, Man. who fought in the First World War.

    A group of classic car enthusiasts donated hundreds of blankets to nursing homes in Nova Scotia.

    Moving into the second week of October, the eastern half of Canada can expect some brisker fall air to break down from the north

    What does New Westminster's t蓹m蓹sew虛tx史 Aquatic and Community Centre have in common with a historic 68,000-seat stadium in Beijing, an NFL stadium and the aquatics venue for the Paris Olympics? They've all been named among the world's most beautiful sports venues for 2024.

    The last living member of the legendary Vancouver Asahi baseball team, Kaye Kaminishi, died on Saturday, Sept. 28, surrounded by family. He was 102 years old.

    New data from Greater Vancouver and the Fraser Valley shows a surge in supply and drop in demand in the region's historically hot real estate market.

    • A New Westminster senior is out $20,000 worth of gold jewelry after being approached by a scammer outside her home.

    • NDP Leader David Eby is vowing to raise British Columbia's speculation and vacancy tax on empty homes if re-elected premier this month.

    • One day after a man was stabbed to death in East Vancouver, a 27-year-old woman has been charged with murder.

    • Police have arrested a Toronto woman in connection with three recent homicides and investigators say that they believe two of the victims may have been 'randomly targeted.'

    • A 21-year-old man who was charged with attempted murder in the shooting of a Toronto police officer this week was out on bail at the time of the alleged offence, court documents obtained by 麻豆影视 Toronto show.

    • Police say they have arrested a man in Burlington, Ont., in connection with child luring charges.

    • Martha Hart, the widow of Calgary wrestler Owen Hart, is speaking out after the release of Netflix's 'Mr. McMahon' documentary series, which she says inaccurately portrays her husband's death as an accident.

    • Authorities say two Calgarians were arrested and charged in "a complex scheme" involving stolen vehicles.

    • Following the Alberta government鈥檚 recent announcement of capital funding to build charter and independent schools, the Investigative Journalism Foundation has found that several consultants with ties to the United Conservative Party (UCP) have been lobbying on behalf of charter schools and associated organizations over the past year.

    • The owner of a Gatineau, Que. caf茅 says it's 'silly' that Quebec's language watchdog is telling the business to write its Instagram posts in French.

    • Raise your glass and make a toast to a new Distillery in eastern Ontario. Artist in Residence (AIR) Distillerie has launched in Hawkesbury. This is the second location for the company, who has an existing operation in Gatineau.

    • After 25 years, Rev. Anthony Bailey has retired as the coordinating minister of Parkdale United Church. A farewell event to celebrate Rev. Bailey will be held on Saturday at Parkdale United Church on Parkdale Avenue.

    • At least two people are dead and others are injured after a fire ripped through a century-old building near Montreal's City Hall, sources told Noovo Info.

    • Classes and campus activities at CEGEP de Valleyfield were cancelled Friday morning as a result of a police operation.

    • Public transport users who regularly use Fabre, d'Iberville and Saint-Michel stations on the Montreal metro's blue line will have to be patient, as the emergency closure of the three stations announced on Thursday evening could stretch out over 'a few days, or even a few weeks.'

    • Rescue crews are on the scene of a person "involved in a collapsed trench" in the Duffield area, Parkland County Fire Services told 麻豆影视 Edmonton on Friday afternoon.

    • Following the Alberta government鈥檚 recent announcement of capital funding to build charter and independent schools, the Investigative Journalism Foundation has found that several consultants with ties to the United Conservative Party (UCP) have been lobbying on behalf of charter schools and associated organizations over the past year.

    • Rural Albertans say they鈥檙e being penalized by high utility fees and some municipalities are asking the government to step in and equalize costs throughout the province.

    • A teen charged with the murder of another teen on Prince Edward Island last year has pleaded guilty to a lesser charge of manslaughter.

    • The federal Fisheries Department says it is concerned about a "pattern" of violence and threats toward its enforcement officers after two tense incidents off southwestern Nova Scotia last month.

    • A 31-year-old man is facing theft and break-in charges in connection to a vandalism incident at the Fredericton Public Library that caused tens of thousands of dollars of damages over the weekend.

    • Police say a 16-year-old boy has died after an assault outside a northern Manitoba home.

    • The federal government says it's making progress on a pilot program for an alert system that would inform the public when an Indigenous woman or girl is missing.

    • Until this morning, the last time temperatures dipped below freezing in Winnipeg was in mid-May.

    • NDP Leader Carla Beck says she would cut $58 million in spending during her first year as premier should her party win the Saskatchewan election set for Oct. 28.

    • Saskatchewan Party Leader Scott Moe says if re-elected, his government would introduce a Saskatchewan Home Renovation Tax Credit aimed at making renovations more affordable.

    • Indigenous leaders say two staff at a Saskatchewan courthouse were told to go home and take off the orange shirts they wore for the National Day for Truth and Reconciliation.

    • Waterloo Regional Police have laid charges after a car crashed into the side of a Kitchener home at 3:30 a.m.

    • A DoorDash driver who was caught on camera appearing to spit into an Ontario man鈥檚 drink has been removed from the platform, the food delivery company has confirmed.

    • Two serious crashes shut down Highway 401 early Friday morning in Puslinch, Ont.

    • Saskatoon police arrested a homeless person at the scene of an encampment underneath the University Bridge on Friday morning.

    • Indigenous leaders say two staff at a Saskatchewan courthouse were told to go home and take off the orange shirts they wore for the National Day for Truth and Reconciliation.

    • NDP Leader Carla Beck says she would cut $58 million in spending during her first year as premier should her party win the Saskatchewan election set for Oct. 28.

    • BREAKING

      BREAKING

      A northeastern Ontario jury has started deliberating in Canadian musician Jacob Hoggard's sexual assault trial, we can now tell you what they weren't allowed to hear.

    • Police have arrested a Toronto woman in connection with three recent homicides and investigators say that they believe two of the victims may have been 'randomly targeted.'

    • An outfitter in Kenora, Ont., and two individuals have been fined a total of $9,500 for bear hunting offences, including abandoning a bear they shot and using it as bait to hunt another bear.

    • According to police, officers responded to the 600 block of Tennent Avenue for a, "report of a possible stabbing" around 9 p.m. on Thursday.

    • Middlesex OPP have shuttered a road between Mount Brydges and Komoka today - Amiens Road is currently closed between Glendon Drive and Oriole Drive.

    • The London Police Service said that it鈥檚 stepping up police presence around Jewish and Muslim places of worship as the October 7 anniversary of the start of the Israel Hamas war draws near.

    • The Ministry of Labour is investigating a workplace incident that claimed the lives of two people in Georgian Bluffs, south of Owen Sound.

    • Police in Barrie allegedly seized a semi-automatic pistol and drugs during an overnight investigation that resulted in the arrest of three men downtown.

    • Provincial police are investigating a collision along Highway 400 in Tay Township Friday afternoon.

    • A London, Ont. man, who pleaded guilty earlier this year in a harassment case, has been sentenced to two months in jail for criminal harassment of a Windsor, Ont. family.

    • The Windsor Police Service (WPS) are looking for a witness to a collision between a pedestrian and vehicle in September.

    • Windsor fire has named its new fire chief, effective on Jan. 1, 2025.

    • NDP Leader David Eby is vowing to raise British Columbia's speculation and vacancy tax on empty homes if re-elected premier this month.

    • Politicians are continuing to promote their promises across British Columbia as the provincial election campaign nears its midway point.

    • One person is dead after a floatplane carrying three people crashed Wednesday evening in a remote inlet on British Columbia's central coast.

    • Three young suspects have been arrested in connection with a swarming attack on a teenager in B.C.'s Okanagan last week 鈥 and authorities have asked the public to stop circulating disturbing videos of the incident.

    • A father in Kelowna is furious after his 13-year-old daughter was brutally beaten on Gyro Beach. He is calling for criminal charges in the devastating attack, which was caught on video by multiple bystanders.

    • The officer who shot and killed a forcible confinement suspect in Kamloops two years ago was justified in doing so, according to the Independent Investigations Office of B.C.

    • WestJet has changed its operations at the Lethbridge Airport, and it means there's now only a single daily flight from Lethbridge to Calgary, down from three flights a day, as offered previously.

    • Archie's Exotic Pet Rescue has been open about six years and, like many other animal rescues, it has seen a surge in surrenders.

    • It鈥檚 almost deadline day for Lethbridge residents interested in becoming members of one of the city鈥檚 boards, commissions and committees (BCCs).

    • BREAKING

      BREAKING

      A northeastern Ontario jury has started deliberating in Canadian musician Jacob Hoggard's sexual assault trial, we can now tell you what they weren't allowed to hear.

    • A suspect who accused Thunder Bay police of being responsible for his throat injury actually hurt himself when he swallowed a large amount of drugs.

    • An outfitter in Kenora, Ont., and two individuals have been fined a total of $9,500 for bear hunting offences, including abandoning a bear they shot and using it as bait to hunt another bear.

    N.L.

    Shopping Trends

    The Shopping Trends team is independent of the journalists at 麻豆影视. We may earn a commission when you use our links to shop.聽Read about us.

    Stay Connected
    Follow 麻豆影视