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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.

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B.C. to provide up to 8,000 free air conditioners to low-income, vulnerable people

B.C. to provide up to 8,000 free air conditioners to low-income, vulnerable people
Health Minister Adrian Dix said Tuesday that the funding to BC Hydro will provide up to 8,000 air-conditioning units over the next three years, but if demand increases, that number could also go up.  Dix said people can apply for the units on their own or health officials working with elderly people will be able to help them get a unit. 

B.C. to provide up to 8,000 free air conditioners to low-income, vulnerable people

3 dead in South Surrey collision

3 dead in South Surrey collision
On Sunday at approximately 2:45 am, Surrey RCMP responded to a report of a two-vehicle collision in the 3300-block of 176 Street. On Monday afternoon, the third occupant of the Hyundai, who was previously in critical condition died of their injuries. 

3 dead in South Surrey collision

Ottawa widens pathways for attracting tech talent

Ottawa widens pathways for attracting tech talent
Immigration Minister Sean Fraser revealed the Tech Talent Strategy, which includes a new, dedicated pathway for permanent residents targeting employees and workers in the science, technology, engineering and mathematics (STEM) sectors.

Ottawa widens pathways for attracting tech talent

Wildfire above Highway 99 in West Vancouver now 'held' after route closed Monday

Wildfire above Highway 99 in West Vancouver now 'held' after route closed Monday
An aerial attack by the wildfire service and efforts on the ground by West Vancouver Fire and Rescue helped confine the blaze to about one hectare. It is now officially termed as "being held," with further spread is unlikely.

Wildfire above Highway 99 in West Vancouver now 'held' after route closed Monday

Man hurt in home invasion dies: Prince George RCMP

Man hurt in home invasion dies: Prince George RCMP
R-C-M-P in Prince George said the man suffered life-threatening injuries during the home invasion on June 19th and a woman who was with him was also severely hurt but is expected to survive.

Man hurt in home invasion dies: Prince George RCMP

Canada celebrates Multiculturalism Day

Canada celebrates Multiculturalism Day
“As we celebrate Canadian Multiculturalism Day, we celebrate Canadians of all backgrounds, and we recommit to fostering an inclusive and welcoming society, where everyone has equal opportunity. Let’s stand together, united in our commitment to upholding the principles of fairness and equity for all.”

Canada celebrates Multiculturalism Day