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.
Immigration minister Sean Fraser has argued that a boost to immigration is necessary to address labour shortages and Canada's aging population. The Desjardins analysis finds Alberta, Saskatchewan and Manitoba would see the most GDP growth rate boost among provinces.
Both Turkey and Syria were rocked Monday by the massive quake, setting off international aid efforts that now include a $10-million commitment from the Canadian government and search and rescue teams being flown in from the United States.
The charges relate to alleged violations of occupational health and safety regulations under the Workers Compensation Act, and court records show a first appearance is scheduled next month in a Prince Rupert courtroom.
The 51-year-old male driver has been arrested and faces charges of homicide and dangerous driving, Erika Landry, spokesperson with the police in Laval, Que., told reporters. The injuries suffered by the six children in hospital are not life-threatening. Authorities did not release the ages of the dead and injured children.
Selina Robinson told the B.C. legislature that she got the news on Jan. 27. Robinson has previously shared her 2006 diagnosis about a "rare form of intestinal cancer" in a post on social media.
There will also be an immediate one-time $2 billion top-up to this year's Canada Health Transfer to help provinces ease the intense pressure on emergency rooms and children's hospitals. Provinces can also get $1.7 billion over five years to increase wages for personal support workers in long-term care and home care.