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.
A statement from Vancouver police says 47-year-old Dean Gallant was arrested on the city's west side last Wednesday. He and a female accomplice were wanted on a Canada-wide warrant for a violent home invasion in Calgary last month and police say the woman was picked up on Monday in Vancouver and both remain in custody.
A stretch of Highway 97N, also known as Harvey Avenue, was closed in both directions for more than seven hours on Monday as police waited for the disposal unit to arrive from the Lower Mainland. She says the device was not detonated, but was rendered safe by experts who know how to handle such explosives.
The Liberals said the benefit is intended to provide cost-of-living relief to low-income Canadians. The current benefit is available to families whose household income is less than $90,000 a year and ranges from $260 to $650 per child depending on net income.
The summons applies to CEO Sundar Pichai, as well as Kent Walker, president of global affairs, Richard Gingras, vice-president of news, and Sabrina Geremia, vice president and country manager for Google in Canada.
Conroy says the prospect of a multibillion-dollar surplus similar to last year's budget is not in the forecast. She says that almost $6-billion surplus was an anomaly that allowed the NDP government to announce numerous spending initiatives on health, affordability, infrastructure and housing.
The North and West Vancouver school districts called a snow day for all public schools while Simon Fraser University cancelled morning classes at all its campuses and a statement from Vancouver International Airport says visibility and de-icing of aircraft have been affected by the unexpectedly heavy snowfall.