Close X
Monday, November 18, 2024
ADVT 
National

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.

MORE National ARTICLES

Indian police identify migrant Akwesasne victims

Indian police identify migrant Akwesasne victims
Achal Tyagi, superintendent of police for the city of Mehsana, in the western state of Gujarat, told The Canadian Press that the four deceased Indians were members of the Chaudhari family. They included the father, Praveenbhai Chaudhari, 50; mother, Dakshaben, 45; son, Meet, 20; and 23-year-old daughter, Vidhi.

Indian police identify migrant Akwesasne victims

New medical standards aim to manage kids' pain

New medical standards aim to manage kids' pain
It's the first national standard in the world focused on pediatric pain. Emergency physician and pediatric pain researcher Dr. Samina Ali says for a long time, doctors believed young children's nervous systems were so underdeveloped they couldn't feel or remember pain.

New medical standards aim to manage kids' pain

Man's throat slashed on Surrey, B.C., bus: police

Man's throat slashed on Surrey, B.C., bus: police
Court documents show that Abdul Aziz Kawam, born in 1995, faces four counts of committing an offence "for the benefit of a terrorist group" linked to the attack on Saturday. The terror charges carry a maximum penalty of life imprisonment.

Man's throat slashed on Surrey, B.C., bus: police

B.C. reveals pricey plan to slow housing crisis

B.C. reveals pricey plan to slow housing crisis
Reducing homelessness is a key part of the plan, with a proposal to add 3,900 new supportive housing units and 240 complex care spaces. It will also include teams designed to quickly respond to encampments and support those who are living outdoors.    

B.C. reveals pricey plan to slow housing crisis

With roots dating back to 1800s, April is Sikh Heritage Month in Canada

With roots dating back to 1800s, April is Sikh Heritage Month in Canada
According to Sikh Heritage British Columbia, its philosophy is providing a space where the Sikh community can connect with each other and with neighbouring communities to help each other prosper, learn and grow.

With roots dating back to 1800s, April is Sikh Heritage Month in Canada

A shooting at a Sardis cemetery in Chilliwack leaves one dead and one injured

A shooting at a Sardis cemetery in Chilliwack leaves one dead and one injured
Police located two adult males suffering from gun shot wounds. Sadly, one victim succumbed to his injuries on scene, while the second was transported to hospital. A suspect vehicle was observed fleeing the scene and shortly after, a similar vehicle was located on fire in the 6700-block of 224 Street in Langley.

A shooting at a Sardis cemetery in Chilliwack leaves one dead and one injured