Close X
Saturday, September 21, 2024
ADVT 
National

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.

MORE National ARTICLES

Fraser Valley bus strike might be coming to an end

Fraser Valley bus strike might be coming to an end
U-S-based First Transit operates on a contract with B-C Transit and employs about 200 bus drivers and mechanics serving Abbotsford, Mission, Agassiz-Harrison, Chilliwack and Hope. The company says it is eager for the strike to end and for services to be restored in the Fraser Valley.

Fraser Valley bus strike might be coming to an end

B.C. ports in limbo as union removes strike notice despite dispute with employers

B.C. ports in limbo as union removes strike notice despite dispute with employers
Prime Minister Justin Trudeau spoke with B.C. Premier David Eby about the labour dispute between the union and the BC Maritime Employers Association and agreed on the need to "ensure the stability" of national supply chains.

B.C. ports in limbo as union removes strike notice despite dispute with employers

Union rescinds 72-hour B.C. port strike notice

Union rescinds 72-hour B.C. port strike notice
The union representing longshore workers in British Columbia says it has rescinded 72-hour strike notice that had sparked concerns the province's ports could be shut down again by Saturday.

Union rescinds 72-hour B.C. port strike notice

Darpan 10 with Surrey RCMP Assistant Commissioner-Brian Edwards

Darpan 10 with Surrey RCMP Assistant Commissioner-Brian Edwards
Hear from Surrey RCMP Assistant Commissioner Brian Edwards on public safety, policing, and more. 

Darpan 10 with Surrey RCMP Assistant Commissioner-Brian Edwards

45K in goods stolen at Canadian Tire

45K in goods stolen at Canadian Tire
The Mounties say they're looking for three suspects who were seen on surveillance camera emptying out boxes of inexpensive items and replacing them with significantly more expensive merchandise.

45K in goods stolen at Canadian Tire

Teen hiker dies in Kelowna

Teen hiker dies in Kelowna
A 15-year-old Kamloops girl is dead after a hiking accident in B-C's Southern Interior. Police say it happened Sunday evening about 30 kilometres southeast of Revelstoke.  

Teen hiker dies in Kelowna