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 parliamentary budget officer says a single-payer universal drug plan would cost federal and provincial governments an additional$11.2 billion in the first year, and $13.4 billion in five years. The PBO released a report on Thursday that provides an estimate for the cost of a pharmacare program between 2024-25 and 2027-28. It follows up on a previous costing the PBO published in 2017 for a pharmacare plan.
The Supreme Court of Canada's refusal to hear a Hells Angels challenge of B.C.'s forfeiture of three clubhouses will "put criminals on notice," the province's pubic safety minister says. The high court ended a years-long court battle on Thursday as it refused to hear an appeal of the seizure of the clubhouses in East Vancouver, Nanaimo, and Kelowna.
Prime Minister Justin Trudeau says Canada is giving an initial $10 million in humanitarian assistance for urgent needs in Israel and the Gaza Strip. He also says the first airlift of 130 Canadians that left Tel Aviv earlier today has landed in Athens.
The mayor of Vancouver set out a foundation on Wednesday to address the housing crisis in the city, while reducing barriers to building and streamlining regulations. Ken Sim released a seven-point motion going before council that would direct city staff to prioritize new housing construction, allow for increased density around transit hubs, speed up a plan for 26 villages in the city and increase enforcement of short-term rental regulations.
Two Canadians killed by Hamas gunmen while attending a music festival in southern Israel over the weekend are being remembered as generous, kind and those who brought love to the world. Friends and family have confirmed 22-year-old Ben Mizrachi from Vancouver and former Montreal resident Alexandre Look, who recently celebrated his 33rd birthday, were two of the hundreds killed when gunman swarmed the music event on Saturday.
Foreign Affairs Minister Mélanie Joly confirmed Tuesday that Ottawa is planning to airlift Canadians out of Tel Aviv in "the coming days," as conflict between Israel and Hamas escalates. Joly said the government aims to conduct the evacuation using aircraft from the Canadian Armed Forces, and it is working on additional options for people who are unable to reach the airport in Tel Aviv.
