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5 things you need to know this morning: Jan. 25, 2023

Start your day off right with five things you need to know this morning.

Five things you need to know

1. Bank of Canada raises key interest rate again, signals pause in hikes

As expected, the Bank of Canada has raised its benchmark interest rate again. This time it increased by 25 basis points to 4.5 per cent. It’s the smallest of the eight increases since March 2022 and comes with a signal from the bank the rate may hold steady at that mark for the foreseeable future.


2. Iceberg roughly the size of London breaks off in Antarctica

A massive iceberg broke off the Brunt Ice Shelf in Antarctica on Sunday. According to the British Antarctic Survey, the chunk of ice is nearly the size of Greater London at 1,550 square kilometres. However, this was an expected, natural behaviour of the Brunt Ice Shelf and researchers say it’s not linked to climate change.


3. Woman files $5-million lawsuit against Mike Tyson, alleges he raped her in the 90s

Mike Tyson has been sued for $5 million in damages by a woman who alleges the boxer raped her in the early 1990s. The affidavit filed in Albany County Court says that she met Tyson at a club and was asked if she and her friend wanted to continue partying at a different location. On the way there, while in a limo, Tyson allegedly “pulled off (her) pants and violently raped (her).”


4. 4.2-magnitude earthquake hits California coast

A 4.2-magnitude earthquake struck off the coast of Southern California around 2 am today. No tsunami threat was associated with the quake, the National Oceanic and Atmospheric Administration said, but the tremor has been felt across the region. Fortunately, there are no reports of major damage.


5. Australian Open down to 4 players on each side

There are no Canadians left at the Australian Open, but the singles championship is down to four players on both the men’s and women’s side. For the men, American Tommy Paul will take on Novak Djokovic in one semi, while Karen Khachanov and Stefanos Tsitsipas do battle in the other. The women’s semis will see Elena Rybakina take on Victoria Azarenka and Magda Linette go up against Aryna Sabalenka.



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