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.
A 40-suite apartment building in Vancouver's Mount Pleasant neighbourhood has been destroyed by fire. Flames broke out last night and tore through the older three-storey structure, collapsing the roof.
Metro Vancouver says Stage 2 water-use restrictions begin next Friday -- halting all lawn watering until further notice and limiting other outdoor water use. Metro Vancouver chair George Harvie says the restrictions should ensure enough drinking water -- and water for essential uses -- is available throughout the dry season.
Mounties say two Alberta hikers have been found dead at the bottom of a ridge at Mount Coulthard, a summit in the Rocky Mountains. RCMP were informed Wednesday night that the two hikers who were making their way along the North York Creek Plane Crash Trail, outside Coleman, Alta., had not returned when planned.
Statistics Canada says the energy sector was down 2.1 per cent in May -- its first decline in five months and its largest since August 2020. Canada's record-breaking wildfire season led many mining and oil and gas companies to reduce their operations in Alberta.
The B-C government says it wants to hear from British Columbians about taxi and ride-hailing services in the province. The province says it's holding a public meeting in the fall as a special committee is set to review so-called passenger-directed vehicles that come under the Passenger Transportation Act.
City council in Surrey has awarded a contract for designing the widening of 132nd Street between 72nd Avenue to 80th Avenue. The city says in a news release that the expansion to four lanes aims to improve traffic and safety.