Morning Headlines: October 24th, 2018

Ben Ronald / October 24th, 2018

Bank of Canada hikes interest rate

Canada’s central bank has raised its benchmark interest rate to 1.75 per cent.

This marks the fifth time since 2017 that Stephen Poloz, Governor of the Bank of Canada, has made the decision to bring the number up.

Poloz said the hike, which will affect mortgages, lines of credits and other bank loans, is on a path towards a 2.5 to 3.5 per cent target overnight rate.

The Bank of Canada increased its benchmark interest rate to 1.75 percent. (freeimages.com)

CNN’s Manhattan Bureau needed to be evacuated due to a suspicious package being delivered. (freeimages.com)

Mail bombs target Clintons, Obama

Suspicious mail packages were sent to former Secretary of State Hillary Clinton and President Barack Obama, as well as CNN’s bureau in Manhattan.

In what the FBI is calling targeted attacks, billionaire George Soros and New York Governor Andrew Cuomo have also received packages containing what look to be explosive devices.

Law enforcement officials have not named any suspects in the string of events, and it’s not yet clear if the packages were sent from the same source.

Mediator chosen for CP strike

The Federal Labour Minister Patty Hadju has appointed a mediator in the ongoing rotating strike by Canada Post employees.

Morton Mitchnick, the man appointed, was the chair of the Ontario Labour Relations Board for three years starting in 1989.

Negotiating efforts have continued through the strike-action, which has affected major cities like Toronto, Edmonton and Victoria.

Ottawa has appointed a mediator to intervene in discussions between the Government and the Union. (freeimages.com)