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
Large portions of northeastern British Columbia continue to swelter a day after some areas hit daily record temperatures, as the forecast for rain in the south and Interior brought the promise of relief for some wildfire zones.
The B-C government is seeking proposals to create new affordable rental homes through its Community Housing Fund. Housing Minister Ravi Kahlon says the newest round of funding will create approximately 35-hundred homes.
Many parents still struggle to find the right formula for their babies at a reasonable price after last year's temporary shutdown of U.S. based manufacturing plant caused a major shortage of shipments to Canada.
Statistics Canada says the country's mortality rate rose in 2021 from 2020. The agency says data shows cancer, heart disease, overdoses and COVID-19 were the leading causes of death.
Delta Police say four people were injured and Highway 17 was closed for several hours after a serious crash involving three vehicles yesterday evening. They say a vehicle hit a concrete median and rolled over, striking a second vehicle.
R-C-M-P say a head-on crash involving two vehicles shut down Highway 3 east of Creston for several hours and sent a number of people to hospital. The Mounties say the crash happened around 9:30 yesterday morning, when an S-U-V crossed the centre line and hit a pickup truck.