Global National: Dec. 11, 2024 | How the Bank of Canada's rate cut will provide relief to homeo

Canada's struggling economy has been given a boost by the Bank of Canada, which has slashed its key interest rate to 3.25 per cent. Mackenzie Gray looks at why the central bank delivered such a strong cut and how it will provide immediate relief to some homeowners. The Franklin wildfire in Malibu, Calif. has rapidly grown out of control. Jackson Proskow looks at what's fuelled the flames to move so quickly, what firefighters need to gain the upper hand and how wildfires can erupt throughout the year in California. As the Canada Post strike drags on without an end in sight, the Crown corporation and the union are still far apart at the negotiation table. Heidi Petracek explains why the federal government won't intervene and how the labour dispute is leaving remote communities feeling even more isolated. Plus, George Kresge Jr., the mentalist and entertainer who captivated generations of television audiences as The Amazing Kreskin, has died at the age of 89. Eric Sorensen looks back at how Kreskin became a household name by wowing crowds. For more info, please go to https://globalnews.ca Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews