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.
Canada Mortgage and Housing Corporation says housing starts in Vancouver tumbled 45 per cent in May. The drop covered all types of projects -- from apartments and condos to other kinds of multi-unit developments -- and the trend was reflected in Montreal, where starts were off 35 per cent, and in Toronto, where starts fell 28 per cent.
Ottawa released a statement Wednesday confirming that it was going ahead with the expropriations without the consent of all affected land owners. Federal Transport Minister Omar Alghabra and Procurement Minister Helena Jaczek say in the release that the federal government will take physical possession of the parcels of land required for the project on Aug. 1.
Ottawa is also adding $13 million to its funding for law enforcement, as Canada and the U.S. focus on shoring up the work of the Haitian National Police as they try to stop gangs from committing brazen acts of violence and controlling critical infrastructure.
A man is suing a fast-food restaurant in B-C after allegedly finding a metal bolt in his meal. Court documents say carpenter Roman Chromy was eating at a New Westminster McDonald's where he bought the allegedly contaminated food.
A B-C man has been found guilty of sexual assault stemming from an attack in Metro Vancouver in early 2022. North Vancouver R-C-M-P say Mission resident Jairus-Paul Sacramento is to be sentenced in court at a later date.
Prince Rupert R-C-M-P say in a media release that officers responded to a call to the 100 block of Silversides Drive on Tuesday evening. Police say they do not believe there is a risk to the public, nor is there an outstanding suspect in the case.