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.
The single-storey complex has been heavily damaged, prompting the owner of the Okanagan Eatery, one of the affected businesses, to post a photo of the flames online, writing, "Wow, no words. Guess that's it."
Residents in the Poplar Point, Knox Mountain, Magic Estates and Clifton areas near the fire were under an evacuation order on Canada Day that was later downgraded to an alert as crews fought the flames. Kelowna RCMP assisted with an evacuation of more than 400 properties.
The BC Maritime Employers Association released a statement Monday afternoon saying it had gone as far as possible on core issues and it doesn't think more bargaining is going to produce a collective agreement. Thousands of union members walked off the job Saturday morning. Both sides negotiated over the weekend and were at the table earlier in the day on Monday.
R-C-M-P officers were called to the Foster Avenue and North Road area shortly before 9:30 p-m, where they found a man with gunshot wounds. The man died at the scene.
A possible strike by British Columbia port workers will not disrupt cruise ships docked in Vancouver, Prince Rupert or Vancouver Island, employers say. The BC Maritime Employers Association says it and the union representing cargo loaders have "confirmed" that cruise ships will continue to be serviced if a strike starts Saturday morning.
The union for more than 1,000 employees of Metro Vancouver's SkyTrain service says it has reached a tentative five-year deal with the BC Rapid Transit Co. CUPE 7000 says the new deal was reached after 10 days of negotiations, and includes future wage increases and improved benefits over the last contract.