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.
Toronto police say a woman was stabbed in the head and face while riding a streetcar in the city today and another woman has been arrested in the case. They say police received a call around 2 p.m. for a stabbing on a streetcar near Spadina Avenue and Sussex Avenue and found a woman in her 20s suffering from multiple stab wounds.
Sgt. Cindy Vance, who put together a timeline of Chan's HR complaints, says that during her hiring process, Chan disclosed that she had consumed 30 to 40 Tylenol in 2006, when she was 17 years old.
RCMP say the two people died in a slide Monday near Mount McCrae southeast of Revelstoke. Police say they were with a small group heli-skiing in the backcountry near an area known as "Chocolate Bunnies."
Grocers have come under intense scrutiny in recent months for posting strong profits as many Canadians struggle with higher food costs. Critics have accused grocers of so-called greedflation, suggesting they are profiteering at a time of spiralling inflation.
Toronto police say officers responded to an area in the city's east end Monday afternoon where a group of 10 to 15 youths, all male, allegedly assaulted two TTC employees. Police described the injuries as minor, noting the initial report noted no obvious signs of injury.
Prime Minister Justin Trudeau has said affordability and making Canada competitive were his priorities heading into this cabinet meeting. Ottawa is insisting on accountability for any new health funding and Trudeau has not publicly committed to meet the premiers' demands.