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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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TIFF's senior Indo-Canadian executive dies at 37

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Born and raised in Sarnia, Ontario, Ravi was of Filipino and Indian heritage. Srinivasan earned a bachelor's degree in film and English literature at Wilfrid Laurier University and studied film and television production at Sheridan College.

TIFF's senior Indo-Canadian executive dies at 37

'Sikh' struck on head in hate-motivated assault in Canada

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'Sikh' struck on head in hate-motivated assault in Canada

42 year old man ends up with serious injuries after being stabbed in Granville Entertainment District

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Officers patrolling near Granville and Smithe Street were flagged down by the victim around 9:40 p.m. Sunday after he was attacked. The man had serious injuries and was rushed to hospital. He is expected to recover.    

42 year old man ends up with serious injuries after being stabbed in Granville Entertainment District

Abbotsford Police investigate Saturday night shooting

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Upon arrival, officers located a male victim in his twenties. The man sustained non-life-threatening injuries. The initial investigation suggests that this incident was not random.

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Man dies following a single-car collision in East Vancouver Sunday night

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Man dies following a single-car collision in East Vancouver Sunday night

Federal ministers begin three-day cabinet retreat

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Trudeau is fresh off a week of cross-country travel focused on Canada's push to expand its battery and electric-vehicle industries, part of a broader goal to get more competitive on clean technology. Senior Liberals are expected to use the retreat to hammer out political and policy priorities for the months ahead, keeping in mind their confidence-and-supply deal with the NDP.    

Federal ministers begin three-day cabinet retreat