The fallout from the collapse of Silicon Valley Bank has spread to the Canadian mortgage market, with some forecasters now expecting the Bank of Canada to cut interest rates sooner than previously thought.

But some experts say that while the recent shakeup in financial markets could drive fixed-rate mortgage rates lower in the near term, whether the disruption is enough to shake the Bank of Canada off its rate path remains to be seen.

SVB’s collapse late last week, followed by the folding of Signature Bank on Sunday, has sent shockwaves through the global financial system amid fears of contagion sinking other banks.

Read more: Silicon Valley Bank’s collapse rattled the U.S. Now, Canada braces for aftershocks Ratings agency Moody’s on Monday cut its outlook on the U.S.

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Multiple people shot following funeral for homicide victim in Northeast DC

WASHINGTON - Police say four people were shot following a funeral for a homicide victim on Benning Rd. in Northeast D.C.

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Temple University names ex-dean, provost JoAnne Epps as acting president

PHILADELPHIA - Former Temple University law school dean and provost JoAnne Epps has been named acting president of the university. She vowed to focus on safety and enrollment amid spiraling crime near the north Philadelphia campus and other issues during her predecessor's tumultuous tenure of less than two years."I am obviously humbled and excited and really looking forward to being able to make a contribution to the university that I so love," Epps said in an interview with the paper.

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Louisville turns to faith, mourns victims of mass shooting

LOUISVILLE, Ky. - They went to their churches on the evening after Easter — to cry, to light candles, to ask God why, on this holiday of rebirth, they must mourn so much death.Many in Louisville turned to their faith for impromptu services Monday night, hours after a gunman killed five of his co-workers at Old National Bank downtown and injured eight others.Hundreds gathered at Holy Trinity Catholic Church, where one of the victims, Joshua Barrick, was an active member. His family sat in the front pews, and fellow congregants hugged them and wept."He was so well known, he made himself known," the Rev. Shayne Duvall said.

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You can check for upcoming mass layoffs near you – here’s how

Facebook, Twitter and McDonald’s announcing recent layoffs – many employees may be curious if their company is next. And, a decades-old labor law, called the WARN Act, could give workers a heads-up about impending layoffs. "I have companies calling me up asking about WARN, because they’re thinking about laying some people off," Gary Lafayette, an employment and labor attorney with Lafayette & Kumagai, told FOX Television Stations Tuesday. "It’s important for them to know what the rules are." Passed by Congress in 1988, the Worker Adjustment and Retraining Notification Act (WARN Act) helps ensure advance notice in cases of qualified plant closings and mass layoffs, according to the U.S.

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Is Tupperware’s fate sealed? Shares plunge as company warns it could collapse

food storage containers, is in danger of going out of business if the company cannot raise new financing, according to a Friday press release from the 77-year-old firm.When the markets reopened on Monday, the effect of that warning was felt in Tupperware’s stock price, which plummeted by nearly 50 per cent.The company earned a reputation in the 1950s and 1960s as an innovator of kitchen solutions, when it introduced its plastic, air-tight food containers and began marketing them through “Tupperware parties” directly in consumers’ homes. Read more: Some of your tax credit payments might be delayed, CRA warns.

3 injured in Savannah federal courthouse roof collapse

Savannah firefighters respond to the Tomochichi Federal Building in historic downtown Savannah after a portion of the roof collapses on April 11, 2023. (Savannah Fire Rescue)SAVANNAH, Ga. - Three people were injured when a portion of the ceiling collapsed at the U.S.

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Philadelphia-area health care professionals take part in Health Equity forum

PHILADELPHIA - In Philadelphia, the beginning of Black Maternal Health Week kicked off with a three-day event aimed at reducing health disparities. The Independence Blue Cross Foundation is hosting their National Health Equity Forum aimed at reducing inequalities in our healthcare system. Tuesday, the focus was on making sure medical students know how to treat all patients the same—regardless of their race or wealth."It’s not logical. It doesn’t make sense that just the color of your skin can actually directly impact a health outcome," explained Dr.

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Louisville bank shooting body cam video released by police

FILE - A side-by-side image from body cam footage shows officers responding to the Old National Bank in Louisville, Kentucky, where a gunman opened fire on employees, killing five. (Louisville Metro Police Department )Body cam footage from a mass shooting at a bank in Louisville, Kentucky, was released on Tuesday, just one day after the incident. The footage, which was shown during a news conference, showed different perspectives from several officers and a bystander near the scene. According to a timeline that was shown before the initial body cam footage, Louisville Metro police officers arrived at the bank at 8:41 a.m.

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Amanda Bynes Released From Mental Health Facility After 3 Week Stay

Amanda Bynes is now out of the mental health facility.

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In Colorado River talks, still no agreement about water cuts

BOULDER CITY, Nev. - The Biden administration released an environmental analysis Tuesday of competing plans for how seven Western states and tribes reliant on the dwindling water supply from the Colorado River should cut their use but declined to publicly take a side on the best option.On one side is California and some tribes along the river that want to protect their high-priority rights to the river’s water, which they use for drinking and farming. On the other side are the other six states — Colorado, Nevada, Arizona, Utah, Wyoming and New Mexico — who say it’s time to come up with an approach that more fairly shares the river.The Interior Department did not say how states should get to deeper water cuts, but defended its authority to make sure basic needs such as drinking water and hydropower generated from the river are met — even if it means setting aside the priority system."Failure is not an option," Interior Deputy Secretary Tommy Beaudreau told The Associated Press.The 1,450-mile (2,334-kilometer) powerhouse of the West serves 40 million people across seven states, which span tribal land, and Mexico, generates hydroelectric power for regional markets, and irrigates nearly 6 million acres (2,428 hectares) of farmland.A multi-decade drought in the West intensified by climate change, rising demand and overuse has sent water levels at key reservoirs along the river to unprecedented lows.

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Police: Woman, 22, gunned down on Philadelphia street in broad daylight

A 22-year-old woman was shot and killed Tuesday in North Philadelphia. PHILADELPHIA - Authorities say a young woman died after being shot several times, including twice in the head, Tuesday afternoon in North Philadelphia. Officers from the Philadelphia Police Department were called to the intersection of 10th Street and Germantown Avenue around 3:30 p.m.

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Everman missing boy: Investigators believe human remains were once in shed near where he lived

EVERMAN, Texas - Investigators in Everman say they believe human remains were once in a shed near where missing 6-year-old Noel Rodriguez-Alvarez lived with his family.On Monday, investigators dug up a new, unpermitted concrete patio paid for by the boy's mother, Cindy Rodriguez-Singh.Everman police say early in the investigation they learned Noel's stepfather, Arshdeep Singh, disposed of a large indoor/outdoor carpet in a dumpster prior to the family fleeing the country.Multiple Human Remains Detection Canines alerted officers to the carpet, which was used at the base of a makeshift shed that was on the property until about a month ago. It was previously built where the current patio sat.While they were digging multiple Human Remains Detection Canines began alerting officers to the topsoil underneath the concrete.As the digging continued, topsoil was removed and placed in areas nearby.The canines followed the soil, and stopped alerting the investigators to the patio area.

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NEXUS application centres reopen at 8 Canadian airports starting March 27

Starting Monday, March 20, NEXUS applicants can book interviews at most major Canadian airports.

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‘Targeted’ inflation relief for vulnerable Canadians coming in 2023 budget: Freeland

Finance Minister Chrystia Freeland pledged on Monday that the Liberals would provide “additional, targeted inflation relief” to vulnerable Canadians in the 2023 federal budget.

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NJ state trooper, 3 others injured in multi-vehicle crash on Route 42 in Gloucester Township

GLOUCESTER TOWNSHIP, N.J. - A multi-vehicle crash left four people, including a New Jersey state trooper, injured on a Camden County highway Sunday night.Traffic came to a standstill when the crash unfolded southbound on Rout 42 nearly mile 8 in Gloucester Township around 8:30 p.m.Officials say multiple cars collided, however the number of vehicles involved in the crash has not been released.MORE HEADLINES:A New Jersey state trooper, along with three other people, were injured, according to officials.Three people were transported to a local hospital.

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76ers pitch job creation as benefit of new arena to West Philadelphia church

PHILADELPHIA - The $1.3 billion Philadelphia 76ers arena proposal was brought to the congregation at the Church Of Christian Compassion in West Philadelphia on Sunday.This has been a controversial proposal for a while now. A lot of the opposition coming from business owners, and people who live in Chinatown.The Church of Christian Compassion was celebrating 42 years, and church leader Brandon Mclean said their focus is to build up the community."We have a compassion connect building that we’re currently building right now," Mclean said. "We have a food distribution center that we’re currently building right next to the church."David Gould, the Chief Diversity & Impact Officer for the 76ers, talked about an even bigger project - the proposed construction of a new arena for the Sixers on Market Street."What I’m very grateful for and what I’m grateful for the position God has put me in is I have a seat at the table now, Amen," Gould said.

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Study finds 186 banks vulnerable to Silicon Valley Bank-like collapse

nearly 200 U.S. banks could be vulnerable to the same fate as Silicon Valley Bank (SVB).A recent Social Science Research Network study suggests that 186 American banks could fail if half of their depositors suddenly withdrew their funds.

Usa state California county Hill city Beverly Hills, state California Government CEO svb

Canadian defence investments have ‘changed the tone’ of U.S. relations: ambassador

Canada’s ambassador to the United States says she’s seen a change of tone in how Washington views its northern ally’s commitment to defence thanks to a slew of new investments — reducing a potential thorny point of discussion ahead of this week’s presidential visit to Ottawa.

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SEPTA pauses King of Prussia rail project citing rising costs worsened by inflation and interest rates

PHILADELPHIA - The Southeastern Pennsylvania Transportation Authority (SEPTA) says its pausing construction of the King of Prussia rail due to rising costs which have been "exacerbated by inflation and high interest rates."Spokesperson Andrew Busch told FOX 29 that SEPTA will use resources that had been allocated for KOP Rail to bolster essential infrastructure work. The largest factor that's preventing SEPTA from continuing work on the rail extension is the lack of flexibility in SEPTA’s capital budget, according to Busch. "In discussions this week, the Federal Transit Administration raised concerns about whether SEPTA could fund its share of the project, which would include any cost overruns.

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Dean Hollett, brother of Margate comedian Lloyd Hollett, dies aged 50 after contracting Covid

Margate on Friday after becoming ill on Wednesday. The 50-year-old has been described as a beloved son, brother, brother-in-law, nephew, uncle, cousin and dear friend.

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Temple police adds batch of new officers to help contain violence on North Philly campus

PHILADELPHIA - Hours after a batch of recruits graduated the police academy to join Temple's police force, two incidents happened on campus that underscored the safety challenges facing the school. According to Temple police, a person with a gun was spotted by a security officer inside the cafeteria of Morgan Hall and was arrested by responding officers. Around the same time, police responded to a report of two individuals firing pellet guns at people near the intersection of Willington and Berks streets. Authorities have not reported any arrests. Temple University added eight new officers to its force on Friday.

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Local boy asks school board for help after family claims incessant bullying has gone unaddressed

CHERRY HILL, N.J. - A Camden County boy made an emotional plea for help at a recent school board meeting after he and his family claimed constant bullying and torment on the school bus has gone unaddressed.Ayden, a 12-year-old student at Beck Middle School in Cherry Hill, said the ridicule from students has included questions about his sexuality and gender identity. "I feel upset, angry, sad," Ayden told FOX 29's Dawn Timmeny. He claims one of his tormenters lunged at him when he used his cell phone to record the incessant bullying during a bus ride to school. "I mean, I'm very proud of myself, I think it's very important if any other kids are going through this," Ayden said. "I also hope this ends, like, I don't want to go through this." MORE LOCAL HEADLINESAyden, who is in 6th grade, spoke at a recent school board meeting and detailed the torment that he and his parents claim has since gone unaddressed. His parents say they reported everything to school administrators and filed a ‘Harassment, Intimidation and Bullying’ report.

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Home prices, sales have plunged in the last year. Is this the bottom?

Canada’s housing market showed signs of life in February following a year of cooling off, but experts are watching the typically busy spring season to determine whether the correction has hit its bottom.

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Police: 3 armed suspects pull man from car in Crescentville driveway, shoot him in the neck

PHILADELPHIA - A man has been hospitalized after he was shot on Tuesday night. Authorities say officers responded to the 4700 block of Bingham Street in the Crescentville section of the city just before 9 p.m.According to police, three armed suspects pulled a 42-year-old man from his car in a driveway. The man was shot in the neck before the suspects fled north from the driveway in a dark-colored vehicle, officials say. MORE LOCAL HEADLINESPolice transported the victim to Temple University Hospital, where he was placed in critical condition, according to authorities. Officials say the scene was held and no arrests have been made.

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Flair aircraft seizures came after months of missed payments and defaults, lessor says

The New York-based company that seized four leased aircraft from Flair Airlines last weekend says the move was a “last resort” following months of missed payments, denying accusations it was working with another carrier to push the low-cost airline out of business.

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1 dead, 2 injured after suspects open fire on car in drive-by Northern Liberties shooting, police say

PHILADELPHIA - A car riddled with bullets was found empty with the engine still running, sparking an investigation into what ended up being a deadly triple shooting.Police were called to the 1000 block of North Marshall Street in Northern Liberties for reports of gunshots just before 11 p.m.

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Silicon Valley Bank items hit eBay days after collapse

Silicon Valley Bank corporate items — from t-shirts to used coffee tumblers — just days after it came crashing down. The collapse of Silicon Valley Bank marked the second-biggest bank failure in U.S. history after Washington Mutual in 2008. It's only been three days since the bank, the 16th largest in the U.S., failed after depositors hurried to withdraw money amid anxiety over the bank’s health.

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Flair CEO says rival tried to claim seized jets: ‘People want us out of business’

The head of Flair Airlines is accusing one of Canada’s two major airlines of attempting to kneecap the discount carrier’s operations by trying to lease four planes that were recently seized from it due to overdue payments.

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Silicon Valley Bank’s collapse rattled the U.S. Now, Canada braces for aftershocks

Silicon Valley Bank (SVB) has sent aftershocks through the global financial system and Canada is not immune from the impacts.The Toronto-based branch of the startup-focused financial institution was temporarily seized by Canada’s banking regulator on Sunday night as Finance Minister Chrystia Freeland echoed her American counterparts in calling for calm in the face of market uncertainty and fears of contagion spreading to banks north of the border. Read more: Silicon Valley Bank collapse: How the financial institution fell into ruin Experts who spoke to Global News on Monday said that most Canadians can be confident in the country’s banking system, but fallout from SVB’s collapse could be more substantial in some parts of the economy.Here’s what to know.U.S.

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KPMG gave SVB, Signature Bank clean bill of health weeks before collapse

Risk profile!

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Oscars presenter Glenn Close forced to drop out after positive Covid test

Oscars presenter Glenn Close has been forced to withdraw from the ceremony with just hours to go, after testing positive for Covid-19. It means producers have been left scrambling as they attempt to replace the Fatal Attraction star, who 'is isolating and resting'. Glenn had been among 40 different presenters who were due to take to the stage tonight.

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Overnight fire badly damages Camden home once occupied by Dr. Martin Luther King, Jr.

CAMDEN, N.J. - A historic home in Camden went up in flames, the fire badly damaging a home where the Reverend Dr. Martin Luther King, Jr. stayed during his time living in the Delaware Valley.Historians have been planning to restore the home for years and create a museum, to share Dr.

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Am I ready to buy a home? Questions to ask before entering the housing market

This article is part of Global News’s Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school.Entering the housing market is viewed by many Canadians as an attractive choice, both financially and for the security of having a home to call your own.The goal is common enough, but the how and when are trickier. How do you know when the timing is right to jump to owning from renting or living with family? Read more: Should you rent or buy a home? Why that calculation might be changing What makes the question so difficult is that it’s not just a matter of dollars and cents — personal circumstances, long-term goals and other life changes all factor into what ends up being, for many, the biggest financial decision of their lives.Here’s what you need to know before you look to buy your first home.There’s one thing that can’t be ignored when buying a home — how much money you’re bringing in.Comparator site Ratehub.ca recently took a look at the minimum income needed to afford a home across 10 Canadian cities.

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Camden house fires leaves at least 1 person hospitalized, officials say

CAMDEN, N.J. - One person was rushed to the hospital early Saturday morning after a fire broke out inside a house in Camden.Officials say the fire ignited inside a house on the 700 block of Walnut Street, then spread next door.Several fire crews were called to the scene shortly before 3 a.m.

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Killer whale seems to have adopted — or abducted — a pilot whale, surprising experts

Orcas, commonly called killer whales, are known to be ferocious apex predators — but scientists were left scratching their heads after one orca whale was recorded seemingly caring for a long-finned pilot whale calf.

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WestJet’s acquisition of Sunwing Airlines cleared for takeoff by Ottawa

WestJet Group’s takeover of vacation-focused rival Sunwing Airlines has been approved by Canada’s transportation minister, clearing the runway for a major shakeup in the airline industry.

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Ontario legislature member is part of alleged Beijing 2019 election-interference network: sources

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Ex-NBA star Shawn Kemp released from jail after arrest in drive-by shooting investigation

TACOMA, Wash. - Former NBA star Shawn Kemp was released from jail on Thursday after a drive-by shooting investigation in Tacoma. Prosecutors say right now they are not filing charges against the former SuperSonic.Kemp was booked into jail in connection with a drive-by shooting outside the Tacoma Mall, but was released a day later after no charges were filed. The shooting call came into police just before 2 p.m. on Wednesday.

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Two high-level memos allege Beijing covertly funded Canadian election candidates

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Canadian jets did not take down object over Yukon due to weather delays: military chief

Canada’s chief of the defence staff said Tuesday he wanted Canadian fighter jets to shoot down the unidentified object that flew over Yukon last month, but they were prevented from reaching the area first due to weather slowing their takeoff.

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Canadian woman missing in Iran and her family believes she’s been detained

A B.C. father is making a tearful plea to help find his missing daughter, whom he believes is being detained in an Iranian prison.

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Comedian Mike Epps could face charges for bringing loaded gun into Indiana airport

THE KELLY CLARKSON SHOW -- Episode 1151 -- Pictured: Mike Epps -- (Photo by: Weiss Eubanks/NBCUniversal/NBCU Photo Bank via Getty Images) INDIANAPOLIS - Actor and comedian Mike Epps could be in legal trouble after he was found bringing a loaded handgun into the Indianapolis International Airport over the weekend. According to a report obtained by FOX Television Stations, on March 5, an officer responded to a firearms claim at one of the airport's checkpoints after a screening showed a gun inside a backpack. 52-year-old Epps was the owner of the bag and told the officer he was in town from Los Angeles for a show at the Gainbridge Fieldhouse.

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2 Americans kidnapped in Mexico found dead, other 2 alive

Two Americans whose abduction in Mexico was captured in a video that showed them caught in a cartel shootout have been found dead, officials said Tuesday. Two others who were kidnapped with them were found alive, with one wounded.

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Powell to face Senate grilling on Fed interest rates and inflation

FILE - Federal Reserve Board Chairman Jerome Powell speaks during an interview by David Rubenstein, Chairman of the Economic Club of Washington, D.C., at the Renaissance Hotel on Feb. 7, 2023 in Washington, D.C.

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China warns there will ‘surely be conflict’ if U.S. does not lower tensions with Beijing

China’s foreign minister blamed the U.S. for rising tensions between Washington and Beijing and said if the U.S. does not change its path no amount of guardrails can prevent derailment and there will “surely be conflict and confrontation.”The U.S.

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2 Canadian companies on U.S. sanctions list accused of supplying Russia’s war on Ukraine

The United States’ list of recently sanctioned entities for alleged support for Russia’s war effort in Ukraine includes two Canadian companies, U.S. and Canadian authorities said on Monday.

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Anything less than a public inquiry on foreign interference is not enough: Poilievre, Singh

Chinese interference in Canadian elections and society amid calls for a public inquiry, the leaders of the federal Conservative and New Democratic parties say.Their calls come as the RCMP says it has opened an investigation into possible violations of the Security of Information Act concerning recent media reports about alleged foreign interference, and that its probe is not focused on any one security agency.Conservative Leader Pierre Poilievre and NDP Leader Jagmeet Singh made the comments to reporters on Monday as the House of Commons resumes following a two-week hiatus, and as suspected Chinese foreign interference in Canada is expected to be a hot topic this week.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

SVB instability could drive some Canadian mortgage rates lower. Here’s why

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