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Another rate hike coming: Stats Can

Darpan News Desk The Canadian Press, 15 Aug, 2023 10:04 AM
  • Another rate hike coming: Stats Can

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.

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Surrey RCMP need the public's helping in locating missing male Hardik Arora

Surrey RCMP need the public's helping in locating missing male Hardik Arora
Hardik Arora was last seen on Wednesday  at approximately 2:00 pm in the 13400 block of Central Avenue in Surrey. He has not been seen or heard from since. It is unusual for Arora to not be in contact. Police and family are concerned for his health and well-being.

Surrey RCMP need the public's helping in locating missing male Hardik Arora

4 arrested, fraud factory dismantled: Burnaby RCMP

4 arrested, fraud factory dismantled: Burnaby RCMP
Along with the excavators and industrial printers, hundreds of items were seized, including, numerous printers, hard drives, network storage, laser engravers, a VIN plate stamping machine and modifying tools, hundreds of fraudulent identification cards and blank identification cards, blank bank draft paper a handgun and ammunition.

4 arrested, fraud factory dismantled: Burnaby RCMP

Suspect in stabbings of mother and child in Edmonton dies in hospital

Suspect in stabbings of mother and child in Edmonton dies in hospital
The man was shot by Edmonton police last Friday after a 35-year-old woman and her 11-year-old child were stabbed outside Crawford Plains School in the southeastern part of the city. 

Suspect in stabbings of mother and child in Edmonton dies in hospital

Woman dead after being swept by Okanagan Lake

Woman dead after being swept by Okanagan Lake
Police say the 68-year-old was taking photos on a rock in Glen Canyon Regional Park when she slipped and fell into a creek. A friend who was with her called police.

Woman dead after being swept by Okanagan Lake

NDP leaves spring sitting at legislature facing turmoil in public housing management

NDP leaves spring sitting at legislature facing turmoil in public housing management
Housing Minister Ravi Kahlon says the government will continue to provide housing to people who need it most, but for now has halted new funding to Atira and will launch another audit.

NDP leaves spring sitting at legislature facing turmoil in public housing management

Housing in Abbotsford for women fleeing domestic violence

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The head of a local non-profit organization that helps women and kids in the city says this will make a small dent as more than 180 women were on the wait-list for safe homes at the end of 2022. Michelle Puffer, with SARA for women, says this means that 12 women and their children will find a safe haven and can begin working on a new future.

Housing in Abbotsford for women fleeing domestic violence