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.
The U.S. describes the program, which will allow ordinary Americans to privately sponsor refugees, as the boldest innovation in refugee resettlement in four decades. They also acknowledge that it borrows heavily from Canada, where citizens have been able to privately help resettle refugees since the 1970s.
At a news conference in Toronto, Trudeau says he's asked the clerk of the Privy Council to look at the government's procurement practices to make sure they are getting good value for money. The government mandated the use of the ArriveCan app during the COVID-19 pandemic as a way to screen travellers crossing the border into the country.
The Vancouver-based company also says it plans to pay a special one-time dividend of US$1.08 per share to its own shareholders, contingent on the deal closing. Ritchie Bros. is now offering US$12.80 per share in cash and 0.5252 of a Ritchie Bros. share for each IAA share, making the offer worth about US$44.40 per share based on the company's share price Friday.
Avalanche Canada says the snowmobilers were riding at the base of a slope in a feature known as Bowl 3 in the Oasis area when the avalanche happened Saturday morning. One person managed to ride away while the other was fully buried.
Coquitlam RCMP Front-line officers attended the area of Glen Drive and Johnston Street in Coquitlam for an assault on Sunday, January 1, 2023 at 2:47 a.m. The victim was changing a tire when he was attacked by two men. The men fled prior to Police attendance. nThe victim sustained serious, non-life-threatening injuries to his head.
Documents provided by Yu show the home was listed for $978,000 last May 11, then sold for $970,000 nine days later, near the height of the pandemic property boom. Ontario land title documents show ownership was transferred for that sum on June 15 to a new buyer who took out a mortgage with the Bank of Montreal.