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.
On Thursday, at 6:13 p.m., the Mission RCMP were called to the area of the 32500-block of Lougheed Highway. Upon arrival, officers discovered a 42-year old man, suffering from a stab wound. The victim was transported to a local hospital, where sadly, he succumbed to his injuries.
Mounties in Kelowna are warning about an increase of so-called sextortion targeting boys between the ages of 14 and 17. They say the victims often receive friend requests through popular social media sites, and engage in flirtatious conversations.
The victim, a 28-year-old visitor from New Zealand, was allegedly stabbed from behind by a man not known to him, on the corner of Nelson and Granville just before 8 p.m. He took himself to hospital for non-life-threatening injuries.
Emergency Management and Climate Readiness Minister Bowinn Ma called on residents, farmers, businesspeople and industrial plant operators to take urgent steps to cut water use.
Mounties say scammers advertise a property and explain that a deposit is required to secure the property due to high demand. Communication with the renter usually ends once an e-transfer of funds is sent and without the rental property being seen.
The driver, a 21-year-old man, was arrested for Dangerous Operation of a Motor Vehicle and Flight from Police. He was treated on scene for minor injuries and released to appear in court at a later date. Speed and dangerous driving were contributing factors in the collision.