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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Vancouver police say 15 people have been charged with mischief for riot-like violence when a headline performer suddenly pulled out of a music festival at the P-N-E last summer. Police say the resulting mayhem and property destruction caused an estimated 300-thousand dollars damage at the P-N-E amphitheatre and in the surrounding neighbourhood.
Ukraine's President Volodymyr Zelenskyy is set to visit Canada this week after stops at the United Nations and the White House. This would be Zelenskyy's first trip to Canada since Russia began its large-scale invasion of Ukraine in February 2022, although the leader delivered a virtual address to Parliament the next month.
Trudeau's announcement is spurring calls from B.C.'s Sikh community to better protect its members. British Columbia Premier David Eby is also among those expressing concern. He said Monday he had received a briefing from Canada's spy agency about the "assassination" of Nijjar and was "deeply disturbed" by what he was told.
British Columbia's government is aiming to speed up the construction of new homes and secondary suites by releasing new guides and programs to help streamline the process. Premier David Eby says the new Single Housing Application Service, first promised in January, gives builders a clear understanding of the provincial permits needed to build a house so they don't have to navigate the "maze of the provincial government" on their own.
Canada's inflation rate jumped to four per cent last month, as economists warn the latest consumer price index report spells bad news for the Bank of Canada. Statistics Canada released its latest inflation reading on Tuesday, which shows the annual rate rose from 3.3 per cent in July, marking the second consecutive month inflation has risen.
The day before departing for New York, Trudeau rocked the House of Commons with "credible allegations" linking agents of India's government to the deadly shooting this past June of a Sikh leader in Surrey, B.C. It's a striking contextual backdrop for the week ahead at the United Nations, a place where aspirational visions of a prosperous and peaceful future often crash headlong into stark political realities.
