Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could derail growth and compel the Fed to slow the pace of future interest rate hikes.
European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls.
TORONTO - The price of oil remains weak but slightly above a nearly 13-year low set on Tuesday after it dropped below US$28 a barrel.
A single mother has been paid nearly $70,000 in compensation by the Real Estate Council of B.C. after she was allegedly defrauded of $100,000 by suspended Vancouver realtor Dacheng (Damon) Wan and convicted fraudster Ayaz Dhanani.
Oil rose on Wednesday, after having posted its third-biggest daily fall since the 2008 financial crisis the day before, supported by the possibility of major producers co-operating to tackle a supply glut that has sent prices to 12-year lows.