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.
NACI continues to strongly recommend that anyone five years of age and older who hasn't yet been vaccinated should be immunized with a primary two-dose series of an mRNA vaccine. It also has a "discretionary recommendation" that children six months to five years of age who haven't yet been vaccinated get the two-dose primary series of an mRNA vaccine.
New York Democrat Rep. Brian Higgins says Customs and Border Protection personnel are being temporarily reassigned to help fortify the U.S. border with Mexico. Higgins says as a result, busy points of entry along the Canada-U.S. border are seeing longer delays and unstaffed kiosks.
A statement released this afternoon in Vilnius, Lithuania, says NATO members pledge to make two per cent of GDP the minimum spend each year, with one-fifth of that going to equipment.
The Canada Emergency Business Account program provided about 900,000 small businesses and not-for-profits up to $60,000 in interest-free loans during the pandemic. The deadline to repay these loans was extended last year to December 31, 2023 to ease pressure on businesses still recovering from the pandemic.
IHIT investigators are identifying the victim as 29-year old, Pavanbar Paul Mannan, of Surrey, in hopes of furthering their investigation. Surrey RCMP say in a statement Mannan was found in a white Ford Edge in the alleyway north of 96 Avenue and 130 Street around 5 p.m. on Sunday, and was later declared dead at a hospital.
White Rock RCMP beach patrol officers were on foot nearby and gave chase along the promenade. After a short foot pursuit three males were arrested and their knives seized. Two youth males, were released from police custody with conditions and future court dates, into the care of their parents/guardians.