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.
The tentative agreement announced in the wee hours of Monday morning came after the Treasury Board, which oversees the administration of the federal government, tabled what it described as a "final offer" on Friday.
The warm temperatures come a day after records were broken on Friday in cities like Victoria and Abbotsford. Temperatures Sunday afternoon have fallen below 28 degrees, with rain in the forecast Monday for several interior cities.
Vancouver Fire Rescue Services say they responded to a fire Saturday at 9:30 p-m on Dunlevy Avenue, in the back of the Asian Canadian Benevolent Association building. Police say they found the body of a 50-year-old man in the electrical room in the parking lot, where the fire is believed to have started accidentally.
The Village of Cache Creek, nearly 350 kilometres northeast of Vancouver, has issued an evacuation order for a single property along the Trans Canada Highway due to an “existing or imminent” threat of flooding.
The agency says it will now set up additional primary control zones as needed around the infected zone, currently centred around the communities of Yarrow and Barrowtown 90 kilometres east of Vancouver. Since an outbreak began in 2022, H-5-N-1 has forced farms in B-C and across Canada to cull millions of birds when an infection is found.
The B-C Wildfire Service says the Dripping Water wildfire discovered on Thursday 600 kilometres north of Vancouver has now reached over 200 hectares. Meanwhile, the Lost Valley Road wildfire over 400 kilometres northeast of Vancouver discovered on Saturday has now reached over 100 hectares.