Close X
Monday, November 11, 2024
ADVT 
National

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

MORE National ARTICLES

Trudeau in Okanagan to meet firefighters, as final travel ban lifted for Kelowna area

Trudeau in Okanagan to meet firefighters, as final travel ban lifted for Kelowna area
Prime Minister Justin Trudeau is in the Okanagan in the BC Interior to meet with firefighters, volunteers, and officials involved in the region's wildfire fight. Trudeau's visit comes after the last travel restriction of the Okanagan was lifted, alongside all previous evacuation orders within the city of Kelowna, with wildfires diminishing since after recent rainfall. 

Trudeau in Okanagan to meet firefighters, as final travel ban lifted for Kelowna area

Home invasion in Fort Nelson

Home invasion in Fort Nelson
A 36-year-old man is in custody after an alleged home invasion in Fort Nelson left a homeowner with serious but non-life-threatening injuries. Mounties say they received reports of the incident on Wednesday night, when the attacker reportedly entered a home on Boundary Road and took keys from a rack.

Home invasion in Fort Nelson

Parked vehicles damaged in Coquitlam

Parked vehicles damaged in Coquitlam
Coquitlam R-C-M-P say they are looking for additional victims and video evidence after a man damaged a number of parked vehicles in the Maillardville neighbourhood. Police say the male suspect was arrested Tuesday night after reports surfaced of someone damaging parked cars between 10 p-m and 11:30 p-m.

Parked vehicles damaged in Coquitlam

Protesters attempt to bypass RCMP wildfire blockade near Shuswap

Protesters attempt to bypass RCMP wildfire blockade near Shuswap
Protesters have tried to bypass an RCMP blockade on the Trans-Canada Highway in British Columbia's Shuswap region, amid tensions over the refusal of some residents to obey wildfire evacuation orders. Live social media videos of the incident posted Wednesday evening show about 20 protesters confronting a blockade of police cars near the lakeside community of Sorrento.

Protesters attempt to bypass RCMP wildfire blockade near Shuswap

Coquitlam man convicted for child pornography

Coquitlam man convicted for child pornography
A Coquitlam man has been sentenced to 13 months in jail after being convicted of child pornography charges. Police say 39-year-old Christopher Thomas Smith was convicted earlier this week for publishing, distributing and possessing the material.

Coquitlam man convicted for child pornography

Chinese mother of teenage girl found dead in B.C. tearfully testifies at murder trial

Chinese mother of teenage girl found dead in B.C. tearfully testifies at murder trial
The girl's body was found in Burnaby's Central Park in the early hours of July 19, 2017, just hours after her mother reported her missing. The woman repeatedly wept at the mention of the girl's name during the trial of Ibrahim Ali on Wednesday.  

Chinese mother of teenage girl found dead in B.C. tearfully testifies at murder trial