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.
Around 1 A-M on June 30th last year, police responded to reports of gunshots. Officers arrived to find 37-year old Mehdi “Damian” Eslahian suffering from gunshot wounds outside a home in Port Coquitlam, and he died at the scene.
British Columbia's independent forests watchdog is calling for the provincial government to make critical changes to how it manages forests to reduce the risk of catastrophic wildfires. It comes as the largest wildfire in the province's history, the Donnie Creek wildfire, continues to burn out of control in the remote northeast.
The Bank of Canada's latest business outlook survey suggests businesses still anticipate larger-than-normal wage and price increases over the next year. The central bank reports expectations are shifting closer to what they were before the pandemic.
Fraser Health issued an overdose alert Thursday saying the juice that tested positive contained cannabis and suspected synthetic cannabinoids and was sold in refillable, unmarked and unbranded cartridges. It did not specify where the product was sold.
Team manager Ryan Smith with Ridge Meadows Search and Rescue says Esther Wang was located Thursday night and has gone home with her family after a medical assessment. RCMP say the 16-year-old from Langley, B.C., was part of a group of four people who were hiking in Golden Ears Provincial Park on Tuesday.
On May 23rd just before 6:00 p.m., a physical altercation took place between two men, not known to each other, as they were boarding the same bus at the Marine Drive Canada Line Station in Vancouver. During the course of the altercation, a bus window was broken and a bystander was injured.