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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.

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Man and woman charged after multiple random shootings in Edmonton: police

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Man and woman charged after multiple random shootings in Edmonton: police

Mission homicide victim identified

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Mission homicide victim identified

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Minister says he'll announce decision Wednesday on future of policing in Surrey

Dogs trained to detect potentially deadly superbug at B.C. hospitals

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Finance Minister Chrystia Freeland in India

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Digital publication fights CRA finding that it does not produce 'original news'

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Digital publication fights CRA finding that it does not produce 'original news'