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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.

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New West Police and BC anti-gang task force investigation results in seizure of guns, large amounts of cocaine and fentanyl, and arrest of 5 men

New West Police and BC anti-gang task force investigation results in seizure of guns, large amounts of cocaine and fentanyl, and arrest of 5 men
All were arrested at various locations throughout the Lower Mainland on March 7th and have remained in custody overnight.  The investigation remains ongoing and CFSEU-BC anticipates that more charges may be forthcoming.

New West Police and BC anti-gang task force investigation results in seizure of guns, large amounts of cocaine and fentanyl, and arrest of 5 men

Man in B.C.'s north dies after hit by snow plow

Man in B.C.'s north dies after hit by snow plow
The pedestrian was on a street in a business area of Fort St. John when he was hit Monday. A statement from RCMP says bystanders provided first aid but the unresponsive victim was pronounced dead in hospital.    

Man in B.C.'s north dies after hit by snow plow

Safety board to release report on B.C. tug sinking

Safety board to release report on B.C. tug sinking
Transportation Safety Board chair Kathy Fox and Clifford Harvey, the director of marine investigations, will hold a news conference to reveal the findings on the sinking of the tug Ingenika in February 2021. The tug was towing a barge and had a captain and two crew members aboard when it took on water and sank in Gardner Canal.    

Safety board to release report on B.C. tug sinking

Metro Vancouver homeless count underway

Metro Vancouver homeless count underway
The association says its volunteers try to be as accurate as possible in order to understand who is living without safe, affordable, appropriate housing, and why they are in that situation. That count was completed less than a week before the pandemic was declared and it identified 3,634 people who were experiencing homelessness.

Metro Vancouver homeless count underway

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody
During the physical altercation, one youth allegedly struck the victim with a hammer and another youth allegedly brandished a knife. A total of three suspects fled the scene and soon after, officers located them at a Skytrain station.

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody

Appointment of new Surrey Ethics Commissioner Peter Johnson

Appointment of new Surrey Ethics Commissioner Peter Johnson
Mr. Peter Johnson is a partner with B.C. law firm, Stewart McDannold Stuart, and possesses more than 30 years of knowledge and experience providing legal advice and assistance to local governments throughout the province on a wide variety of matters. 

Appointment of new Surrey Ethics Commissioner Peter Johnson