Close X
Thursday, November 14, 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

U.S. Coast Guard says 'presumed human remains' found in Titan wreckage

U.S. Coast Guard says 'presumed human remains' found in Titan wreckage
Earlier in the day, debris from the ill-fated submersible was returned to shore in Newfoundland aboard a Canadian-flagged ship that had helped search for the vessel in a remote area of ocean near the wreck of the Titanic.

U.S. Coast Guard says 'presumed human remains' found in Titan wreckage

Mounties in Nanaimo, B.C., probe theft of German shepherd puppies

Mounties in Nanaimo, B.C., probe theft of German shepherd puppies
Police say the theft occurred around 3 a.m. Monday morning. Since then, five of the eight-week-old puppies have been recovered, but police say the rest are still missing. 

Mounties in Nanaimo, B.C., probe theft of German shepherd puppies

Rental protection for BC residents

Rental protection for BC residents
The British Columbia government says its 500-million-dollar rental-protection fund will help renters stay in their homes and keep their rents affordable. The province has opened access to the fund that will help non-profit groups purchase rental buildings.

Rental protection for BC residents

Dental care to cost $3B less than budgeted unless provinces drop coverage, PBO says

Dental care to cost $3B less than budgeted unless provinces drop coverage, PBO says
The Liberals promised a stand-alone dental insurance plan for low- and middle-income Canadians who don't have private insurance as part of its supply and confidence deal with the NDP last year.

Dental care to cost $3B less than budgeted unless provinces drop coverage, PBO says

Canada removes limit on study programmes' length for work permit holders

Canada removes limit on study programmes' length for work permit holders
The Canadian government on Tuesday introduced a public policy that will be beneficial for immigrants, including those from India, to boost their career, job prospects, and chances of permanent residency.

Canada removes limit on study programmes' length for work permit holders

Trudeau announces child-care infrastructure funding to build more spaces

Trudeau announces child-care infrastructure funding to build more spaces
Prime Minister Justin Trudeau has announced $625 million of funding to help provinces and territories build child-care infrastructure.  Trudeau says the money will be rolled out over four years and will help providers renovate, retrofit and build new not-for-profit and public child-care facilities.   

Trudeau announces child-care infrastructure funding to build more spaces