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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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Daly bridge being replaced

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Daly bridge being replaced

Drug alert in Chilliwack

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Drug alert in Chilliwack

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Suspect wanted in fraud

B.C. Mountie charged with dangerous driving causing bodily harm

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B.C. Mountie charged with dangerous driving causing bodily harm

Union and employers receive mediator's terms to end B.C. port strike, source says

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The delivery of the terms comes after federal Labour Minister Seamus O'Regan late Tuesday instructed the mediator to send him the terms within 24 hours so he could forward them to the International Longshore and Warehouse Union Canada and the B.C. Maritime Employers Association.

Union and employers receive mediator's terms to end B.C. port strike, source says

Four years after passage of law on abandoned boats, only two fines have been levied

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Four years after passage of law on abandoned boats, only two fines have been levied