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BOC keeping interest rate at 5%

Darpan News Desk The Canadian Press, 25 Oct, 2023 09:38 AM
  • BOC keeping interest rate at 5%

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.

The central bank's latest economic forecast suggests we're in for slower economic growth and higher inflation in the short-term

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New Westminster's Balvir Singh charged with stabbing

New Westminster's Balvir Singh charged with stabbing
The Integrated Homicide Investigation Team says 57-year-old Balvir Singh of New Westminster was charged Saturday with second-degree murder. I-H-I-T is identifying the victim as 46-year old Kulwant Kaur of New Westminster.

New Westminster's Balvir Singh charged with stabbing

Surrey to ask court to review provincial order to stay with municipal police

Surrey to ask court to review provincial order to stay with municipal police
The city issued a statement on Friday saying it was asking for a judicial review by the Supreme Court of British Columbia, challenging the province's "lawful authority" to impose its choice of police force without providing the funding to support such a move.

Surrey to ask court to review provincial order to stay with municipal police

No charges for Prince George cop

No charges for Prince George cop
Prosecutors in British Columbia say they won't be charging an RCMP officer in connection with the death of an Indigenous man in Prince George in 2020. A statement from the prosecution service says that although the province's independent watchdog said there were reasonable grounds to believe the officer may have committed an offence, the evidence available isn't enough for charges.

No charges for Prince George cop

Influx of Avian Flu in BC

Influx of Avian Flu in BC
Farmers in B-C are preparing for an influx of avian flu cases as wild birds begin migrating south. But a spokesperson for the B-C Poultry Association Emergency Operations Centre says he doesn't expect as much devastation as last year.   

Influx of Avian Flu in BC

Road closures due to Whalley collision

Road closures due to Whalley collision
On Thursday at after 1:30pm Surrey RCMP responded to a report of a pedestrian struck by a semi-truck in the southbound lanes of King George boulevard just north of 104 Avenue. The pedestrian has been transported to hospital with serious injuries. There are single lane closures on both on the northbound and southbound side of King George boulevard between 104 Avenue and 105 Avenue. 

Road closures due to Whalley collision

Federal effort to boost child care in three provinces off to 'slow start': report

Federal effort to boost child care in three provinces off to 'slow start': report
The report by Cardus looking at the roll out of the programs in British Columbia, Saskatchewan and New Brunswick found that issues ranging from unspent funding to skilled labour shortages led to missed child care targets. The federal government signed separate, five-year funding agreements with provinces and territories in 2021, committing up to $30 billion in five years toward the establishment of $10-a-day child care.  

Federal effort to boost child care in three provinces off to 'slow start': report