LONDON--Inflation in the U.S. needs to climb back toward the 2% target before the Federal Reserve should consider slowing the pace of its asset purchases, a senior Federal Reserve official said Thursday.

The hot earnings growth Toronto-Dominion Bank demonstrated in the first quarter has cooled, suggesting that the sluggish economy is slowly weighing on its bottom line.

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A 42-storey skyscraper could be dominating the Winnipeg skyline by 2017 if an ambitious plan for a new $150-million-to-$200-million downtown development becomes a reality.

Slower traffic could actually speed up the daily commute in Calgary, researchers at the University of Calgary say. �The idea is to slow down traffic in a way that maintains the freeways operating close to their capacity,� said Lina Kattan, director of a new traffic ...