The Bank of Canada’s independence could be tested as Mark Carney, former governor of both the Bank of Canada and the Bank of England, is now running for leader of the Liberal Party.

The Bank of England said on Tuesday it had opened the Contingent Non-Bank Financial Institution Repo Facility for applications.

The U.S. Fed signalled a more cautious approach as the it seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.

LONDON (Reuters) - The first central bank meetings of 2025 suggest it will be a year in which policymakers go their own way as economic paths diverge, as the United States holds interest rates steady, the euro zone cuts, and outlier Japan is firmly in hiking mode.

The whole episode has reintroduced two broader market fears - the concentration of broad index (.SPX), opens new tab fortunes in a handful of outsize tech stocks, and whether the hundreds of billions of dollars of investment spending in AI development by many firms is really worth it longer term.

Nearly half a million shoplifting offences were recorded by police in England and Wales in a year, the highest 12-month total on record, figures show. A total of 492,914 offences were logged by forces in the year to September 2024,

Mark Carney may have an impressive resume and career, but he is the wrong man at the wrong time for Canada. Carney is currently running to become leader of the Liberal Party and, by extension, the prime minister of Canada – in part by saying his global experience makes him the man to face down U.

Canadian Prime Minister Justin Trudeau, who said this month he would step aside as leader of the country and Liberal Party, said he won’t run in the election that must be held this year. The former Bank of England and Bank of Canada governor says he is considering running for leader of Canada’s Liberal Party and prime minister.

Ruby Dhalla, a Canadian politician of Indian origin , has joined the race to lead Canada’s Liberal Party and also potentially become Canada’s Next Prime Minister. Former MP Ruby Dhalla, if elected will become Canada’s first woman of colour Prime Minister.

Liberal Party candidate Ruby Dhalla has joined the race to replace Justin Trudeau as Canada’s prime minister. Born in Winnipeg’s Manitoba to immigrants from Punjab, Dhalla has been part of the Liberal Party since she was a teenager.

Bank of Montreal is stepping into a booming product category that offers exposure to popular global stocks while hedging against currency volatility, becoming the second Canadian bank to do so.

The euro stayed weaker against the dollar, showing little reaction after the ECB cut interest rates by a widely-expected 25bps.