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Wednesday, November 27, 2024
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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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Canada 'firm and steadfast' in call for two-state solution for Israel, Palestinians

Canada 'firm and steadfast' in call for two-state solution for Israel, Palestinians
Prime Minister Justin Trudeau says Canada remains "firm and steadfast" in its commitment to a two-state solution to the Arab-Israeli conflict. He says the Middle East, and the world, needs both a Palestinian state and Israel to exist alongside each other in peace, safety and prosperity.

Canada 'firm and steadfast' in call for two-state solution for Israel, Palestinians

Trudeau says India's move against Canadian diplomats should concern the world

Trudeau says India's move against Canadian diplomats should concern the world
India's move to reduce the presence of Canadian diplomats in its country are "contrary to international law," Prime Minister Justin Trudeau said Friday, and the rest of the world should be concerned about its consequences. Foreign Affairs Minister Mélanie Joly said Thursday that Canada had removed most of its diplomatic presence from India after New Delhi threatened to strip diplomatic immunities from them and their families.

Trudeau says India's move against Canadian diplomats should concern the world

Hit and run in North Vancouver

Hit and run in North Vancouver
Mounties in North Vancouver say they are looking for witnesses and footage as they investigate a hit-and-run that left a pedestrian with serious injuries on Wednesday night. North Vancouver R-C-M-P say they were called to the scene after passersby found a North Vancouver man in his late 40s lying injured on the road. 

Hit and run in North Vancouver

High school student arrested, knife found

High school student arrested, knife found
Police in New Westminster say a student at a city high school was arrested Wednesday after being found in possession of a knife. Police say an officer was at New Westminster Secondary on Wednesday morning for an unrelated reason, and told there was a student with a knife who was causing a disturbance. 

High school student arrested, knife found

RCMP tells owners to turn in guns after banned fully automatic model sold in Canada

RCMP tells owners to turn in guns after banned fully automatic model sold in Canada
The RCMP has told owners to turn in what the force is calling fully automatic military surplus firearms after hundreds were misidentified and allowed into Canada for commercial sale. The Mounties say the registrar of firearms immediately froze records relating to the 245 prohibited guns upon discovery of the issue to prevent further sale or transfer of the firearms.  

RCMP tells owners to turn in guns after banned fully automatic model sold in Canada

Police involved shooting in West Kelowna

Police involved shooting in West Kelowna
The Independent Investigations Office is investigating a police-involved shooting in West Kelowna this afternoon where one man was injured.  The R-C-M-P says police were responding to reports of gunshots and a man with a weapon in a vehicle.

Police involved shooting in West Kelowna