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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A rabbit that hopped the tracks at a downtown Vancouver transit station was reunited with its owner after efforts by passengers and police. Metro Vancouver Transit Police say the bunny was running loose last Thursday at the Granville SkyTrain station when a passenger picked it up and handed it to officers patrolling the underground stop.
A rural school district in the British Columbia Interior has filled a shortfall of teachers with help from an anonymous benefactor who donated $200,000 to welcome new educators. At a time when schools across the province are struggling with staff recruitment and retention, the Gold Trail School District offered $10,000 incentives to attract new teachers, and $15,000 for those who agreed to move to the small town of Lytton which was devastated by fire two years ago.
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The New Democrats say the federal government should follow the lead of British Columbia's premier and ask the Bank of Canada to stop raising interest rates. Premier David Eby wrote to Bank of Canada Governor Tiff Macklem last week and asked him not to hike rates again as Canadians struggle to pay for food and rent.