Darpan News Desk The Canadian Press, 25 Oct, 2023 09:38 AM
The Bank of Canada is keeping its key interest rate at five per cent, saying there are clearer signs that monetary policy is moderating spending and relieving price pressures.
But it hasn't ruled out future rate hikes as those pressures remain high.
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The sale of Premier David Eby's condominium in Victoria has become embroiled in the debate over the New Democrat government's proposed law on short-term rental accommodations. The Opposition BC United accused Eby on Tuesday of largely profiting from the sale of his condominium in 2019 because it was in a building complex that did not have rental restrictions.
RCMP say a 61-year-old man was alone when the tugboat he was piloting capsized off Vancouver. Mounties say they received a report of a body washing ashore on Tower Beach on Monday afternoon on the U-B-C endowment lands.
The first major snowfall of the season could blanket higher elevations of Vancouver Island with up to 10 centimetres of snow as an eastbound rainstorm meets a westbound blast of arctic air over British Columbia's south coast. Environment Canada has posted special weather statements for inland, northern and eastern parts of Vancouver Island, warning that rain could fall as snow on the highest elevations of Highways 4, 19, 28 and the Malahat Summit as the two systems brush, although no snow was expected at sea level.
Five people – including three children and a shooter – were found dead in the northern Ontario city of Sault Ste. Marie after shootings at two homes, police said Tuesday, calling what happened a tragic case of intimate partner violence. Sault Ste. Marie police said the shootings that took place Monday night had left the community in deep mourning.
A minor earthquake has struck off the coast of British Columbia. Earthquakes Canada says the 3.9 magnitude quake was registered just before 11:00 p.m. PDT. The epicentre was 198 kilometres west of Port Hardy, south of Vancouver Island. It was recorded at a depth of 10 kilometres. No tsunami is expected.
Finance Minister Chrystia Freeland said Tuesday the government's fall economic statement will focus on housing and affordability within a fiscally responsible framework. "That is a challenging balance to strike. Our government is committed to doing it," she said. The federal government's financial statements were published Tuesday, revealing the deficit for the 2022-23 fiscal year came in at $35.3 billion.
