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 shooting in Richmond has left one man dead, and police are investigating whether a nearby car fire is related to the case. Richmond RCMP were called to Milner Road at Blundell Road at 5:45 p.m. Thursday for reports of a shooting.
Surrey transit police say the investigation of an attack on three men near a Surrey SkyTrain station has led to three arrests. Police say the alleged unprovoked stabbing attack on three men happened the evening of June 21st.
International Trade Minister Mary Ng is making the overture after a fresh U.S. Commerce Department review maintained duties on softwood imports from Canada. Ng says the duties, while modestly lower, remain an unfair, baseless and punitive measure that hurts the economy on both sides of the border.
Mounties in Surrey say they continue to investigate leads and tips in their search for eight-year-old Aurora Bolton and her 10-year-old brother Joshuah, who were allegedly abducted by their mother Verity Bolton earlier this month.
A massage therapist is facing multiple sexual assault charges for what police in Surrey, B.C., say are allegations that span a 16-year period. RCMP say they first received a report in November 2021 about alleged sexual assaults occurring in 2016 and 2017 involving massage therapist Leonard Krekic.
The prosecution service says the Mountie faces charges of assault with a weapon, assault causing bodily harm, criminal negligence and dangerous driving. Prosecutors say the charges against Const. Madeline Hjelden stem from an on-duty motor vehicle incident in Williams Lake, B.C., that occurred in May 2020.