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CP NewsAlert: Bowman resigns as Blackhawks GM following investigation into the team

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CHICAGO — Stan Bowman has resigned as general manager of the Chicago Blackhawks following the release of the findings of an investigation into allegations that an assistant coach sexually assaulted a player in 2010.

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The Canadian Press

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NewsAlert: Canada should align with allies on Olympic diplomatic boycott: Trudeau

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OTTAWA — Prime Minister Justin Trudeau says it is important for Canada to align with its allies on a diplomatic boycott of the Beijing Winter Olympics.

Trudeau says Canada has been talking to allies for “many months” about the issue and an official announcement is expected later today.

The United States was first to announce a diplomatic boycott Monday, meaning American athletes would still compete in Beijing but no U.S. political officials would attend.

Australia and the United Kingdom have both now followed suit.

They cite human rights concerns including allegations of genocide against the Muslim Uyghur minority in China’s Xinjiang province.

China denies those allegations and is accusing the United States of upending the political neutrality of sport.

More Coming.

This report by The Canadian Press was first published Dec. 8, 2021.

The Canadian Press

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Bank of Canada keeps key interest rate on hold

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OTTAWA — The Bank of Canada is keeping its key interest rate target on hold at its rock-bottom level of 0.25 per cent.

In a statement, the central bank also says senior decision makers don’t expect to raise the trendsetting rate until some time between April and September next year, which is unchanged from its previous guidance.

The Bank of Canada also warns that high inflation rates will continue through the first half of next year.

The Bank of Canada says it won’t be until the second half of 2022 that inflation falls back towards the bank’s comfort zone of between one and three per cent.

By the end of next year, the bank is forecasting the annual inflation rate to fall to 2.1 per cent.

The bank says it is keeping a close eye on expectations for price growth and wage growth to make sure they don’t create a spiral of price increases.

This report by The Canadian Press was first published Dec. 8, 2021.

The Canadian Press


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