Close X
Friday, November 29, 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

Canada, allies head to international court over Iran's downing of Flight PS752

Canada, allies head to international court over Iran's downing of Flight PS752
Iran's Islamic Revolutionary Guard Corps shot down the Ukrainian Airlines flight just minutes after takeoff on Jan. 8, 2020, killing all 176 people on board.  The passengers included 55 Canadian citizens and 30 permanent residents, along with others with ties to Canada.

Canada, allies head to international court over Iran's downing of Flight PS752

Burnaby man dies in home invasion

Burnaby man dies in home invasion
A woman was also found injured in the home, but police say her injuries aren't considered life threatening. Burnaby R-C-M-P say they were called at around seven this morning to a report of a home invasion. 

Burnaby man dies in home invasion

Canada invites 500 healthcare workers in its first category-based Express Entry draw

Canada invites 500 healthcare workers in its first category-based Express Entry draw
Canada has invited 500 healthcare workers to immigrate under its new category-based Express Entry selection draws with candidates requiring a minimum comprehensive ranking system (CRS) score of 476. Following this first category-based selection draw since six new categories were announced in May, a second round inviting 1,500 workers to apply will take place on July 5.

Canada invites 500 healthcare workers in its first category-based Express Entry draw

Canadian Chamber of Commerce wants B.C. port strike averted, cites economic impact

Canadian Chamber of Commerce wants B.C. port strike averted, cites economic impact
The Canadian Chamber of Commerce says it is "deeply disturbed" the British Columbia port workers' union has served strike notice and is prepared to walk out on Saturday. The chamber has issued a statement urging the federal government to "use all the tools in its tool box" to prevent a strike.

Canadian Chamber of Commerce wants B.C. port strike averted, cites economic impact

Lawyers ask Amsterdam court to reduce Canadian 13-year cyberbullying sentence to Dutch citizen

Lawyers ask Amsterdam court to reduce Canadian 13-year cyberbullying sentence to Dutch citizen
Aydin Coban was convicted last year of extortion, harassment and other crimes in a case involving Canadian teenager Amanda Todd who was blackmailed to expose herself in front of a webcam. The 15-year-old died by suicide after detailing her ordeal in a YouTube video watched by millions around the world.  

Lawyers ask Amsterdam court to reduce Canadian 13-year cyberbullying sentence to Dutch citizen

Emergency department reopens after man shot dead by police in B.C. hospital

Emergency department reopens after man shot dead by police in B.C. hospital
The Fraser Health authority says the emergency department at a Hope, B.C., hospital that was temporarily closed after a fatal police shooting has reopened. Police say the man received immediate medical attention but was pronounced dead at the scene.  

Emergency department reopens after man shot dead by police in B.C. hospital