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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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Helicopter crashes in central B.C., multiple people on board: RCMP

Helicopter crashes in central B.C., multiple people on board: RCMP
A helicopter has crashed in a forested area east of Prince George, B.C., with multiple people on board, RCMP say.  Cpl. Jennifer Cooper with the Prince George RCMP said Tuesday emergency crews have gathered at the site where the chopper went down near Purden Ski Hill off Highway 16. 

Helicopter crashes in central B.C., multiple people on board: RCMP

Man charged in Abbotsford stabbing

Man charged in Abbotsford stabbing
Police in Abbotsford say a 33-year-old has been charged in a stabbing earlier this month now described as "intimate partner violence." Abbotsford police say Tu Cuong Tran is facing two counts of aggravated assault after two victims were taken to hospital with life-threatening injuries on September 16th.

Man charged in Abbotsford stabbing

Some wind warnings, high streamflow advisory remain in place for B.C. coast

Some wind warnings, high streamflow advisory remain in place for B.C. coast
A handful of wind warnings and a high streamflow advisory remain in place for parts of Vancouver Island and British Columbia's central coast after the region's first major wind storm of the fall. Environment Canada has wind warnings for the central coast, northern Vancouver Island and Haida Gwaii, with winds up to 110 kilometres an hour expected to ease by early Tuesday.

Some wind warnings, high streamflow advisory remain in place for B.C. coast

Long-term care profiting

Long-term care profiting
A report from British Columbia's advocate for seniors says profits for contracted long-term care facilities are growing significantly faster than expenses such as as direct care costs and staff wages. Isobel Mackenzie says in her latest report that a review of 181 facilities contracted to provide long-term care shows profit in 2022 increased 113 per cent over five years.

Long-term care profiting

Friend, community members remember 'humble,' 'genuine' Mountie killed in shooting

Friend, community members remember 'humble,' 'genuine' Mountie killed in shooting
Ridge Meadows RCMP Const. Rick O'Brien was shot and killed while executing a warrant in Coquitlam, B.C., on Friday.  Nicholas Bellemare, 25, has been charged with first degree murder and attempted murder with a firearm in the shooting incident that killed O'Brien and injured two other officers.

Friend, community members remember 'humble,' 'genuine' Mountie killed in shooting

Flag raising at B.C. legislature honours residential school survivors, lost children

Flag raising at B.C. legislature honours residential school survivors, lost children
Fresh fall winds helped mark a flag-raising ceremony today at the British Columbia legislature honouring residential school survivors and remembering children who never came home. The orange and white Survivors' Flag will be flown at the front lawn of the legislature until sundown on Saturday, the National Day for Truth and Reconciliation.

Flag raising at B.C. legislature honours residential school survivors, lost children