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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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India's 'muscular' foreign policy is essentially for domestic consumption: Ex-Canadian Minister Ujjal Dosanjh

India's 'muscular' foreign policy is essentially for domestic consumption: Ex-Canadian Minister Ujjal Dosanjh
Calling for immediate de-escalation in strained diplomatic relations between India and Canada, Ujjal Dosanjh, former premier of British Columbia and erstwhile Canadian Minister of Health, stressed that India's "muscular" foreign policy is essentially for domestic consumption and not granting visas to Canadian citizens hurts ordinary Indo-Canadians.  

India's 'muscular' foreign policy is essentially for domestic consumption: Ex-Canadian Minister Ujjal Dosanjh

Canadians struggling with monthly mortgage

Canadians struggling with monthly mortgage
An Angus Reid poll suggests 15 per cent of Canadians are struggling with their monthly mortgage payments. That's up from eight per cent in March and 11 per cent in June.  

Canadians struggling with monthly mortgage

Canadian in Gaza says Israeli air strikes now relentless ahead of ground invasion

Canadian in Gaza says Israeli air strikes now relentless ahead of ground invasion
A Canadian man in Gaza says Israeli airstrikes that were previously heard roughly every hour can now be heard every few minutes as the Israel-Hamas war escalates. The sounds of explosions can be heard in the background as Shouman says he narrowly escaped an airstrike near the southern Gaza hospital complex where he has been taking shelter.

Canadian in Gaza says Israeli air strikes now relentless ahead of ground invasion

Poilievre says Trudeau soured India relations, cites Sikh 'aggression' toward envoys

Poilievre says Trudeau soured India relations, cites Sikh 'aggression' toward envoys
Trudeau announced in the House of Commons last month that Canadian intelligence services are investigating "credible" information about "a potential link" between India's government and the killing of Sikh leader Hardeep Singh Nijjar in British Columbia.

Poilievre says Trudeau soured India relations, cites Sikh 'aggression' toward envoys

1 in hospital in Burnaby crash

1 in hospital in Burnaby crash
Mounties in Burnaby are looking for witnesses or dash cam footage after a crash this weekend sent one person to the hospital. They say the crash happened around 3 a-m Sunday on Willingdon Avenue near Still Creek Drive, and involved a black Mercedes with three travellers and a red Hyundai SUV with two occupants.

1 in hospital in Burnaby crash

Environment Canada says first snowfall of the season expected in B.C.

Environment Canada says first snowfall of the season expected in B.C.
Drivers are being warned that some mountain passes in southeastern British Columbia are expected to get the first snowfall of the season this week. Environment Canada has issued a special weather statement, saying a slow-moving arctic front is expected in the Columbia and Kootenay region.

Environment Canada says first snowfall of the season expected in B.C.