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 fall session of the legislature begins on Tuesday and the B-C government says homes, clean energy and public safety will top the agenda. House Leader and Minister of Housing, Ravi Kahlon says several pieces of legislation will be introduced during the seven week session, including plans to resolve zoning and permitting challenges and boost the supply of middle-income housing.
A march will be held on the University of B-C's Point Grey campus tomorrow in honour of Canada's third Truth and Reconciliation Day. The march also honours those who suffered at -- or did not come home from -- Indian residential schools in B-C and across the country.
Surely, Canadians, particularly those with lower incomes, are grappling with the impact of rising prices. A recent report shedding light on how inflation is affecting both the Canadian economy and households reveals that inflation began to rise in early 2021 and reached its highest point in four decades last year.
Edmonton police say they are investigating the death of a man in a mall parkade after he stood up through the sunroof of a car and was struck by a beam. Officers responded to the call Thursday at West Edmonton Mall.
The British Columbia government has issued an environmental assessment certificate for the contentious container port expansion project at Roberts Bank, saying the province "could not prohibit the project from going forward." In a written statement, the government says the three-berth marine container terminal in Delta, B.C., south of Vancouver, rests almost entirely on federal land.
A member of the Surrey, B.C., gurdwara where local Sikh leader Hardeep Singh Nijjar served as president before he was gunned down in June said police warned him last month about a threat to his life. Gurmeet Toor, who calls himself a close friend of Nijjar, said he was surprised when two police officers knocked on his door at around 11:30 p.m. on Aug. 24 and handed him a "duty to warn" letter saying his life may be in danger.
