National

BOC keeping interest rate at 5%

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
— Bank of Canada (@bankofcanada) October 25, 2023

The central bank's latest economic forecast suggests we're in for slower economic growth and higher inflation in the short-term

Prev Next

MORE National ARTICLES

Canada mulling 'game plan' if U.S. takes far-right, authoritarian shift: Joly

Joly added that Ottawa's close political and economic ties to the U.S. means that "we must certainly prepare several scenarios." She suggested Canada has a game plan in mind but wouldn't get into details.

Canada mulling 'game plan' if U.S. takes far-right, authoritarian shift: Joly

NDP calls on feds to give study permits to institutions with 'credible' housing plan

Immigration Minister Marc Miller said in a recent interview with The Canadian Press that the federal government is reconsidering international student flows, particularly since some students have been victims of fraud.

NDP calls on feds to give study permits to institutions with 'credible' housing plan

Thousands of residents around West Kelowna on evacuation alert as fire flares

The Regional District of Central Okanagan posted the evacuation alert for as many as 4800 properties just before 10:30pm, Wednesday, about four hours after the McDougall Creek blaze was spotted 10 kilometres northwest of West Kelowna.

Thousands of residents around West Kelowna on evacuation alert as fire flares

B.C. police seek suspected getaway driver in killing of Sikh temple leader Nijjar

Homicide investigators in British Columbia say they are seeking a third suspect in the killing of Surrey Sikh temple leader Hardeep Singh Nijjar, who was gunned down on June 18. Pierotti told a media briefing that the suspected getaway driver waited for the other suspects in a silver 2008 Toyota Camry that was parked near 121 Street and 68 Avenue before and during the killing.

B.C. police seek suspected getaway driver in killing of Sikh temple leader Nijjar

152 affordable homes being built for seniors in Delta

Located at 1054 - 54A St., KinVillage Apartments will have 145 one-bedroom and seven two-bedroom homes. All units will be adaptable or accessible, allowing the suites to be easily and inexpensively modified to meet residents’ needs as they age.

152 affordable homes being built for seniors in Delta

China leaves Canada off list of countries approved for group tours

China has lifted a pandemic ban on group tours to several countries, including the United States and Australia, but tourists are still be barred from group visits to Canada. The change announced by China's culture and tourism ministry last week allows Chinese and online travel agencies to book group tours and packages for Chinese tourists in 70 more countries all over the world.