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
B.C. farmers say they're increasingly concerned about climate change and the impacts of extreme weather on food production in the province. Because of its warm climate, B.C. has a unique agriculture industry.
Persistent heat is expected to continue today in parts of British Columbia as the province continues to battle almost 400 active wildfires. Environment Canada says several communities in northern B.C. are facing heat warnings, with daily high temperatures predicted to reach in excess of 30 degrees.
The Mounties say officers received a report yesterday morning from the Surrey Fire Department about the sudden death of a man inside a home. They say police responding to the call found a 57-year-old man dead and arrested a 42-year-old man at the scene.
A 10-year-old boy is in hospital with potentially life-threatening injuries after being hit by two cars while riding his bike in Nanaimo. Mounties say the initial investigation shows the boy was riding his bike down a steep driveway near Nova Street when he suddenly rode onto Howard Avenue, where he was struck by a southbound vehicle, followed by another collision with a northbound vehicle.
The chief of a small rural fire department in B.C.'s Okanagan region says 13 members of his own crew have lost their homes while fighting wildfires this season. Wilson's Landing Fire Chief Paul Zydowicz says wildfires burning on the west side of Okanagan Lake have been a "nightmare" due their speed and intensity.
Beijing and Ottawa are in talks over how to increase flights between China and Canada, following an American deal in June. Transport Canada says the weekly number of flights between the two countries has dropped drastically, from more than one hundred per week in the summer of 2019 to just 10 this season.
