Close X
Monday, November 11, 2024
ADVT 
National

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.

MORE National ARTICLES

Crackdown on street racing in Surrey

Crackdown on street racing in Surrey
Surrey R-C-M-P say video shared widely online back in May showed a vintage Chevy stunt driving before crashing into a semi-truck during a large gathering. Police say they’ve now recommended charges against the driver, and returned to the street in mid-June to crack down on street racing along the stretch. 

Crackdown on street racing in Surrey

Mountain biker dies after crash during B.C. Cup race at Big White resort

Mountain biker dies after crash during B.C. Cup race at Big White resort
The senior vice-president of Big White Ski Resort in Kelowna, B.C., says a mountain biker has died after a crash during the B.C. Cup downhill racing event the resort hosted on the weekend. He says resort staff and management are "devastated" by the incident.

Mountain biker dies after crash during B.C. Cup race at Big White resort

45 arrested, $5K worth of stolen goods recovered at Metrotown mall

45 arrested, $5K worth of stolen goods recovered at Metrotown mall
Some of the most commonly targeted items for shoplifters during the latest Boost and Bust included clothing and sunglasses. In one instance, officers taking part in the Boost and Bust were also able to assist in quickly reuniting a missing child with her mother.

45 arrested, $5K worth of stolen goods recovered at Metrotown mall

BC grandma celebrates 99th birthday Skydiving

BC grandma celebrates 99th birthday Skydiving
Lucy Koenig jumped tandem from a plane at about 10-thousand feet at the Skydive Vancouver centre in Abbotsford. She says her advice to others is to live life to the fullest and do what makes them happy.  

BC grandma celebrates 99th birthday Skydiving

Expansion, upgrade project valued at $366.5M starts at Williams Lake hospital

Expansion, upgrade project valued at $366.5M starts at Williams Lake hospital
Adrian Dix says the $366.5-million construction project now starting at Cariboo Memorial Hospital in Williams Lake will increase the hospital's capacity and provide a modern working environment. Dix says the project will add 25 beds and a new emergency department, while expanding surgical, maternity, pharmacy and mental-health and substance-use treatment areas.

Expansion, upgrade project valued at $366.5M starts at Williams Lake hospital

Coquitlam shooting victim identified as Karnvir Singh Garcha

Coquitlam shooting victim identified as Karnvir Singh Garcha
RCMP were called to the Foster Avenue and North Road area shortly before 9:30 p.m. for reports of a shooting on Sunday. When police arrived, they found Garcha with gunshot wounds.

Coquitlam shooting victim identified as Karnvir Singh Garcha