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Bank of Canada lowers key lending rate to 4.5%
Bank of Canada lowers key lending rate to 4.5%
by  AFP

Canada's central bank on Wednesday lowered its key lending rate to 4.5 percent, saying the second straight cut of 25 basis points was warranted due to slowing inflation. After an unexpected upturn in May, Canada's annual inflation rate slowed to 2.7 percent year-on-year in June, the bank said, paving the way for Wednesday's rate cut.

Disneyland strike averted as unions agree tentative deal
Disneyland strike averted as unions agree tentative deal
by  AFP

Unions representing Disneyland theme park employees in California reached a tentative deal with the company on Wednesday, averting a major strike at the "happiest place on Earth." Employees at its California theme parks have not gone on strike since 1984, according to the Los Angeles Times.

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