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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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Abbotsford home invasion, 3 arrested

Abbotsford home invasion, 3 arrested
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Abbotsford home invasion, 3 arrested

Navinder Gill enters guilty plea to second degree murder

Navinder Gill enters guilty plea to second degree murder
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Navinder Gill enters guilty plea to second degree murder

NDP clean sweep in both by-elections

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NDP clean sweep in both by-elections

Surrey weekend car crash kills 2 people

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Surrey weekend car crash kills 2 people

Targeted shooting in Burnaby leaves 1 injured

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Targeted shooting in Burnaby leaves 1 injured

2 bystanders being praised for quick action in preventing stabbing

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Mounties are praising two bystanders in Kelowna who jumped into action and disarmed a man who allegedly stabbed a woman at a bus station. Mounties say two "good samaritans" were physically detaining the suspect when an officer arrived to arrest the man.  

2 bystanders being praised for quick action in preventing stabbing