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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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B.C. New Democrat MLA to resign her Vancouver seat

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B.C. New Democrat MLA to resign her Vancouver seat

Canada aims to boost Arctic defence capacity

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Anand says Ottawa has already committed almost $40 billion towards that end, and the result will be "a new northern-approach surveillance system" that will detect threats farther and farther north to protect Canadian sovereignty in the Arctic.

Canada aims to boost Arctic defence capacity

Hit-and-run driver charged in connection with the death of a 24-year-old pedestrian in Kitsilano last summer

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Hit-and-run driver charged in connection with the death of a 24-year-old pedestrian in Kitsilano last summer

Tim Hortons parent company plots growth

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Patrick Doyle — credited with having the Midas touch after transforming Domino's lagging sales into meteoric growth — told investors during a wide-ranging conversation on Wednesday that each of the company's brands is positioned for momentum and growth.

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MPs frustrated over Rolling Truck Age Program

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Here's what you need to know to get a head start on filing your 2022 taxes

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Here's what you need to know to get a head start on filing your 2022 taxes