Bitcoin down but holds near $80,000 as corporate buying, U.S. crypto vote in focus

By Erik Hertzberg (Bloomberg) — The Bank of Canada is likely to hold borrowing costs steady, as an escalation in the trade war with the U.S. threatens the economic recovery while adding to inflation risks. Economists and markets expect policymakers led by Governor Tiff Macklem to keep the policy rate at 2.25% on Wednesday. It…

The back-and-forth tariff fight between the U.S. and Canada has also heated up the ongoing debate over what impact the increased costs will have on housing materials. On Tuesday, Canada put in place new tariffs on about $20 billion worth of U.S. imports, which included wood products. The move follows the Trump administration’s Aug. 22…

Key insight: The lawsuit is the latest escalation in a running battle between CDFIs and their supporters and the Trump administration, which has repeatedly blocked funding for the popular program.  What’s at stake: The CDFI fund recipients include banks, and many banks get Community Reinvestment Act credit for grants to the financial institutions.  Forward look:…

Philippines Begins Identifying Victims as Ferry Fire Deaths Rise, Dozens Missing Ferry Fire Tragedy: Identification Efforts and Ongoing Search By Adrian Portugal and Eloisa Lopez CORON, Phliippines, Sept 12 (Reuters) – Philippine authorities began the painstaking process of identifying victims from a ferry fire on Saturday, a day after responders recovered bodies from the burned-out…

Oil rises after Houthi attack on Saudi capital