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Household debt still on the rise in Ontario

TORONTO—Rising interest rates could have a “significant” impact on Ontario's economy as the already ballooning household debt is projected to continue to grow, the province's fiscal watchdog warns.

The Financial Accountability Office said in a report released Tuesday that an average Ontario household owed nearly $154,000 in 2016, up from $119,000 in 2010.

Tsunami fears send people scrambling

VANCOUVER—A tsunami warning issued for coastal British Columbia was cancelled this morning after people living along parts of the province's coast evacuated to higher ground when a powerful earthquake struck off Alaska.

Residents in some coastal communities were woken by warning sirens shortly after the quake with a magnitude of 7.9 struck around 1:30 a.m. Pacific time.

'Shape of Water' lands 13 Oscar nods

NEW YORK—Guillermo del Toro's lavish monster romance, “The Shape of Water," fished out a leading 13 nominations, Greta Gerwig became just the fifth woman nominated for best director, and "Mudbound” director of photography Rachel Morrison made history as the first woman nominated for best cinematography in nominations announced this morning for the 90th-annual Academy Awards.