Close X
Saturday, September 21, 2024
ADVT 
National

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

MORE National ARTICLES

One arrested in LGBTQ rally

One arrested in LGBTQ rally
Vancouver police say one person was briefly taken into custody yesterday during protests and counter-protests related to including sexual orientation and gender identity supports in B-C schools. Police say the arrest happened during a confrontation between opposing groups but they say there were no significant public safety issues.

One arrested in LGBTQ rally

Families concerned over 'escalating tension' between India and Canada

Families concerned over 'escalating tension' between India and Canada
With India warning its citizens to “exercise utmost caution” while in Canada amid escalation of the diplomatic row between the two countries, the families of students and permanent residents, particularly the Hindus and Hindu-Canadians residing in the north American nation, are concerned about their well being. 

Families concerned over 'escalating tension' between India and Canada

Indian-origin MP says Canadian Hindus 'soft targets', urges them to be calm, vigilant

Indian-origin MP says Canadian Hindus 'soft targets', urges them to be calm, vigilant
Stating that Hindu Canadians are 'soft targets', Indian-origin MP Chandra Arya on Thursday urged the community to stay calm, vigilant and report incidents of Hinduphobia in the face of a recent video by a Khalistani leader threatening and asking them to leave the country.

Indian-origin MP says Canadian Hindus 'soft targets', urges them to be calm, vigilant

Trudeau seeks India's help on probe of B.C. killing, India says Canada gave no info

Trudeau seeks India's help on probe of B.C. killing, India says Canada gave no info
At the United Nations today, Trudeau said during a news conference he wants India to take the matter seriously and work with Canada to ensure accountability and justice. At a briefing today, Indian External Affairs Ministry spokesperson Arindam Bagchi said no specific information had been shared by Canada on the Nijjar case.  

Trudeau seeks India's help on probe of B.C. killing, India says Canada gave no info

14 railcars derailed near Rayleigh

14 railcars derailed near Rayleigh
C-N Rail says its crews are responding after 14 railcars loaded with potash derailed near Rayleigh. Spokesperson Scott Brown says there were no dangerous goods involved and no leaks, injuries or fires reported.

14 railcars derailed near Rayleigh

Airplane accident in Campbell River

Airplane accident in Campbell River
The Transportation Safety Board of Canada says it will be deploying a team of investigators to Campbell River after an airplane accident. The agency says it involved a privately registered De Havilland D-H-C-2.

Airplane accident in Campbell River