Darpan News Desk The Canadian Press, 15 Aug, 2023 10:04 AM
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 budget comes at a time when the government is facing pressure to rein in spending so as to not work against the Bank of Canada's inflation-fighting efforts. The central bank has aggressively raised interest rates over the last year to dampen spending by consumers and businesses. Excessive fiscal stimulus could reverse some of that work.
The program was launched in 2017, waiving fees for people who had been in care from the ages of 19 to 26, but starting next August, that restriction will be eliminated. Since the waiver program was introduced, 1,900 students have had a total of $13 million in tuition and fees waived.
In a unanimous decision, a three-justice panel of B.C.'s highest court overturned Pirko's conviction, ruling that the trial judge's charge to the jury was "so confusing as to amount to error in law." In his ruling issued Tuesday, Fitch also says the judge's final instructions about Pirko's criminal record were "incomplete and deficient in law."
The Royal Canadian Navy launched a push to replace the country's four Victoria-class submarines nearly two years ago by creating a special team to figure out what Canada needs in a new fleet. The move came in response to growing concerns about the age of Canada's existing submarines and the amount of time needed to design and build such vessels.
Party leader Jagmeet Singh said he expects to see money in the budget to expand dental care coverage to teens, seniors and people living with a disability, which was part of the confidence-and-supply agreement with the Liberals.
Two people are dead and nine others are injured after a pickup truck ran into multiple pedestrians in the eastern Quebec community of Amqui on Monday, with police alleging the driver acted deliberately and with premeditation. Here's a look at some other vehicle-ramming cases in Canada in recent years: