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

Armed robbery in New Westminster

Armed robbery in New Westminster
Police flooded the area and soon located someone matching the suspect description at 6th Avenue and 8th Street. The suspect fled from police and after a foot pursuit, he was arrested. An officer was transported to local hospital after sustaining an injury during the foot pursuit.

Armed robbery in New Westminster

Canada bans testing of cosmetics on animals, in line with dozens of other countries

Canada bans testing of cosmetics on animals, in line with dozens of other countries
In addition to barring companies from testing their cosmetic products on animals in Canada, the regulations prevent new products that rely on animal testing data to establish product safety from being sold in this country.

Canada bans testing of cosmetics on animals, in line with dozens of other countries

Charges laid against 3 in robbery

Charges laid against 3 in robbery
On December 23rd of last year,  Surrey RCMP received a report of a personal robbery on a post-secondary school campus located in the 13400-block of 102 Avenue. Prior to police arrival it was reported that three suspects had fled with the victim’s phone and backpack.

Charges laid against 3 in robbery

Rodriguez says newsrooms will be supported should Meta, Google block news

Rodriguez says newsrooms will be supported should Meta, Google block news
The Liberal government's Online News Act became law last week, requiring tech companies such as Google and Meta to negotiate deals compensating media outlets for news content they share or otherwise repurpose on their platforms.

Rodriguez says newsrooms will be supported should Meta, Google block news

Expanded restrictions in Vancouver to stop spread of damaging Japanese beetle

Expanded restrictions in Vancouver to stop spread of damaging Japanese beetle
The invasive pest was first detected in Vancouver's False Creek area in 2017. The iridescent copper and green coloured beetle can significantly damage landscape and ornamental plants, fruit and vegetable gardens, nurseries, orchards and crops.

Expanded restrictions in Vancouver to stop spread of damaging Japanese beetle

Man beaten in Kamloops' downtown

Man beaten in Kamloops' downtown
R-C-M-P in Kamloops are looking to speak with witnesses after a man was reportedly beaten while sleeping outside in the city's downtown. The Mounties say it happened yesterday morning at around 9 a-m at the intersection of 5th Avenue and Seymour Street.

Man beaten in Kamloops' downtown