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.
Police in Port Moody say a 14-year-old boy is in hospital in critical condition after he nearly drowned in a Metro Vancouver lake. They say that around 4 p-m on Saturday, first responders were called to Sasamat Lake for a report of a possible drowning.
A man was arrested in Surrey, B-C, for his role in a fatal stabbing that happened in downtown Toronto in March. Toronto Police say an altercation between a 55-year-old and four other men resulted in the stabbing and while the man was transported to hospital, he died soon after.
Mounties in the southern Interior of British Columbia are asking for the public's help after the body of a 29-year-old man was found. This comes after officers were called to a vineyard on the road Wednesday, where they confirmed a man was shot and killed. Police say the suspect left the scene but was found later that day at his home, where he was then arrested.
Mounties in Surrey, B.C., say a driver who fled from authorities in the U.S., sped through the Peace Arch border crossing and crashed in British Columbia is now in custody. They say RCMP responded to a report that a suspected stolen vehicle had crossed the border from Washington State around 8 p.m. Saturday.
Kewal Singh was last seen at approximately 4:00pm on July 23, 2023 in the 8500 block of 151A Street in Surrey. He has not been seen or heard from since. It is unusual for Singh to not be in contact with his family Police and family are concerned for his health and well-being.
The BC Maritime Employers Association said Friday the agreement to be presented to workers is the same one the union's caucus rejected just days ago. In a statement, the association said the deal is the proposal reached with a federal mediator and was originally agreed to by both sides on July 13.