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 monthly benefit payment from the province goes to families with annual earnings below $106,908 for those with one child and $143,783 for a three-child family. Funding goes up this month by $250 a year for a two-parent family of four and as much as $750 for a single-parent family with two children.
The inflation rate fell to 2.8 per cent in June, but Statistics Canada is also reporting grocery prices shot up 9.1 per cent from year-ago levels. That's even more than prices rose in May.
The B.C. Wildfire Service website says 13,935 square kilometres have been burned since April 1, surpassing the previous record of 13,543 square kilometres set in 2018. But there are still months to go in this year's season and the service says there are almost 400 fires currently burning.
Delta Police Chief Constable Neil Dubord says in the letter that while he agrees with "the underlying principles of decriminalization," an early evaluation shows that the policy has not led to "the desired outcome." Dubord says there were 791 overdose deaths in the province between then and May, which "closely mirrors" the 772 deaths recorded during the same period last year.
Correctional officials say an inmate has died while in the custody of a prison in Abbotsford, B-C. The Pacific Institution says in a statement that Douglas Gordon Martin died on July 14.
Coquitlam RCMP is asking for the public’s assistance in locating a missing man, 36-year old Syed Mustafa. Syed was last seen early June camping near Twin Islands, Belcarra British Columbia. Syed’s family and Police are concerned for Syeds’s well-being.