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.
Prince George Mounties say they've made an arrest in a suspicious death of a woman found on Tuesday. Mounties say a 22-year-old woman died during a home invasion which they believe was a targeted incident.
The fireworks competition gets underway tomorrow with road closures expected as a result in the West End and neighbouring Kits Point. Tomorrow night's competition will see fireworks displays from a team from Australia.
Mounties say the male suspect brandished a handgun during the robbery then quickly fled the area before officers arrived. Officers say they are actively searching for the suspect described as wearing a blue mask, blue jacket with brown hair and a slim build, clad in a Reebok hoodie that was blue on top and black at the bottom.
Nelson saw the temperature hit 38.2 Celsius yesterday, breaking a record set back in 1938. Elsewhere, temperature records were set in McKenzie, Nakusp, Richmond and Smithers. Heat warnings are in place for the Okanagan, Thompson and Boundary regions.
Police in Nanaimo say a 24-year-old man has died of his injuries after a crash with a suspected impaired driver. Nanaimo R-C-M-P say the crash happened around 10 p-m on Wednesday, and the other driver remains in hospital.
The regional government says reservoir levels remain normal for the season, but water consumption is trending higher than the same time last year. It says water consumption peaked on July 5th with 1.56 billion litres used, even though it wasn't a day designated for watering lawns.