The inflation rate rose to 3.3 per cent in July, a development that economists warn spells bad news for the Bank of Canada.
Forecasters say the latest report raises the odds of an interest rate hike next month, despite other signs of economic softening, including rising unemployment.
B-MO chief economist Douglas Porter still expects the Bank of Canada will stay on the sidelines but he says the inflation figures will make it a tougher call.
Statistics Canada's latest inflation report showed home insurance costs were up 8.2 per cent nationally in June, compared with one year earlier. Increases were about 10 per cent in Alberta, British Columbia and Saskatchewan, and nearly 12 per cent in Nova Scotia.
Police say officers responded to a call around 12:30 a.m. Friday about a burning vehicle. They say that once the fire was extinguished, the body of a man was found inside. Police say the death is considered suspicious.
Officers responded to Granville and Smithe just before 3:30 this morning for a report that a man had been stabbed. The 32-year-old victim was rushed to hospital by paramedics, but died from his injuries.
Vancouver-based Telecom giant Telus is reporting a dismal second quarter and it's responding by cutting six-thousand jobs -- just under six per cent of its workforce. Telus says four-thousand jobs will be cut from its main operations while a further two-thousand jobs will be trimmed at Telus International.
The tentative contract between the union and the BC Maritime Employers Association was announced on Sunday, a day after federal Labour Minister Seamus O'Regan directed the Canada Industrial Relations Board to impose a deal or binding arbitration if it decides a negotiated resolution isn't possible.
The jobless rate went up for a third straight month in July, rising to 5.5 per cent as the economy struggles to create enough jobs to match Canada's rapidly rising population. Statistics Canada reports the economy lost 64-hundred jobs.