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
Vancouver police say they have solved a series of cold-case sexual assaults dating back 14 years, leading to the arrest of a suspect in Saskatchewan. Deputy Chief Constable Fiona Wilson told a briefing that 45-year-old Arturo Garcia Gorjon has been linked to four "blitz-style" assaults in Vancouver from July 1, 2009, to Christmas Eve 2010.
Finance Minister Katrine Conroy outlined the province's financial performance in the government's public accounts for the fiscal year ending March 31, 2023. The government's budget forecasts have been on an up-and-down ride for the past two years, with the 2022-2023 budget originally forecast in February last year to show a $5.5 billion deficit, before that was revised to a surplus of almost $6 billion, then downgraded to a $3.6 billion surplus.
Prime Minister Justin Trudeau is headed to Asia next week for a whirlwind tour of Indonesia, Singapore and India. The trip involves the G20 leaders' summit in New Delhi, and a focus on economic ties in booming regions of Southeast Asia, as Canada seeks alternatives to a rising China.
Several major wildfires continue to burn out-of-control in British Columbia's Interior, where forecasted rain had been hoped to dampen blazes in parts of the Central Okanagan and the Shuswap. But Environment Canada data shows neither Kelowna's airport nor Salmon Arm recorded measurable precipitation Tuesday, after initial predictions called for possible rain and thunderstorms in the evening.
Victoria police say the man was arrested on Sunday after a lengthy investigation by the force's major crimes section. They say 42-year-old Edwin Singh now faces four counts of arson in connection with four fires this summer, three of which occurred on Government Street in Victoria in June and July and one in Saanich in mid-August.
Lawn watering was prohibited in Metro Vancouver's 23 local authority regions on Aug. 4, with the ban in place until Oct.15. Some homeowners are looking for alternatives including spray-painting or artificial turf, but others are embracing the golden look.