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.
Mid-sized businesses like London Drugs, along with grocery stores, dollar-stores, and clothing retailers, were among the widest targeted by thieves during the three-week anti-shoplifting blitz, which ran February 15 to March 10.
The budget's economic projections, which are based on a survey of private-sector economists, show the economy slowing more than what was anticipated in the fall. The federal government is now expecting a shallow recession this year as high interest rates weigh on growth.
A 40-year-old pedestrian was struck at 9:30 p.m. while crossing East 1st Avenue at Woodland Drive, suffering life-threatening injuries. She remains at hospital in critical condition. The driver remained at the collision scene, and neither speed nor alcohol are considered factors.
That includes a new tax credit worth 15 per cent of investments made to build new renewable energy infrastructure, including wind and solar plants, nuclear reactors, emissions-trapping natural gas plants, new transmission lines between provinces and territories and stationary electricity storage, such as batteries.
The accused, Inderdeep Singh Gosal, was arrested at the scene moments later when bystanders flagged down a constable patrolling the area, police said. The 32-year-old has been charged with second-degree murder and a hearing has been scheduled in Vancouver provincial court on April 11.
The suspect was observed on CCTV and is described as a Caucasian male wearing a black hoody with white designs, a blue jacket, dark pants, Nike runners and a black baseball cap.