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.
🔴 WATCH LIVE
Tune in as Governor Macklem and Senior Deputy Governor Rogers take questions from the media following the release of our interest rate decision and most recent forecasts for the #economy. https://t.co/xOVdGhhbIL#cdnecon
Just over one year after the death of Queen Elizabeth II, a new poll suggests a growing number of Canadians believe it’s time to reconsider the country’s ties to the monarchy. Data released Wednesday by Leger indicates that 63 per cent of respondents said it was time to rethink ties — a seven point increase from March. About 81 per cent of respondents said they didn’t feel attached to the monarchy, compared to 14 per cent who said they did, results similar to six months ago.
Federal Housing Minister Sean Fraser says the Liberal government is set to announce unprecedented measures to help with the lack of affordable homes in Canada. He said the measures will start with an announcement Prime Minister Justin Trudeau will make in London, Ont., Wednesday afternoon before meeting with most of his party's 158 MPs.
The federal government says it will match donations to the Canadian Red Cross over the next two weeks to help Morocco recover from a devastating earthquake. International Development Minister Ahmed Hussen says every donation to the Red Cross made by individuals from Sept. 8 to 28 will be matched by the government, to a maximum of $3 million.
Bruce Banman, the MLA for Abbotsford South, says he is proud to join his friend B.C. Conservative Leader John Rustad in the provincial legislature. BC United Leader Kevin Falcon says in a statement that Banman's move to the Conservatives is not entirely unexpected but it betrays those constituents who elected him to serve as part of the BC United team.
A large majority of Canadians are worried about climate change and believe it is the reason for an increase in extreme weather, a new national poll suggests. The polling firm asked more than 1,500 people about their views on climate change in an online survey conducted between Sept. 8 and 10.
The federal housing agency says in its updated outlook that the supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia. Overall, CMHC estimates 3.45 million houses are needed beyond current construction trends, compared with 3.52 million in its outlook from June of last year.
