Close X
Friday, November 15, 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

2 shootings in Maple Ridge a day apart

2 shootings in Maple Ridge a day apart
Ridge Meadows RCMP is investigating a report of shots fired at a residence in Maple Ridge that took place early this morning. On Wednesday, at approximately 2:15 a.m., several Ridge Meadows RCMP frontline officers immediately responded to reports of multiple shots fired in the 12000 block of Garden Street in Maple Ridge.

2 shootings in Maple Ridge a day apart

Pledge to plant 2 billion trees lofty but attainable, Natural Resources minister says

Pledge to plant 2 billion trees lofty but attainable, Natural Resources minister says
Wilkinson said in the first two years of the Trudeau government's tree-planting pledge, 110 million trees have been planted, exceeding early targets of 90 million trees during that period.  The minister said in an age of record wildfires and devastating floods, tree planting is an important step in mitigating climate change-related disasters.

Pledge to plant 2 billion trees lofty but attainable, Natural Resources minister says

Fundraiser honours firefighter who died in B.C.

Fundraiser honours firefighter who died in B.C.
A fundraiser has been launched to honour the memory of a firefighter killed while fighting British Columbia's largest wildfire last week. The 25-year-old firefighter who died Friday has been identified as Zak Muise in an online obituary and tribute by the firefighting contractor he worked for.

Fundraiser honours firefighter who died in B.C.

Feds say 6.6 million 'unsafe vehicles' on the road

Feds say 6.6 million 'unsafe vehicles' on the road
Transport Canada estimated in an analysis from June that one in five of the 33.3 million vehicles registered as of 2019 have outstanding recalls but continue to ply the streets and highways, potentially endangering occupants and other road users.

Feds say 6.6 million 'unsafe vehicles' on the road

Properties destroyed as latest B.C. wildfire flares, forcing urgent evacuations

Properties destroyed as latest B.C. wildfire flares, forcing urgent evacuations
An evacuation order covering the more than 200 properties around the lake was issued Tuesday and quickly upgraded to critical, urging the many seasonal and handful of permanent residents to leave for Lillooet or Whistler.

Properties destroyed as latest B.C. wildfire flares, forcing urgent evacuations

Vancouver home prices rose slightly from June to July

Vancouver home prices rose slightly from June to July
Home prices in the Greater Vancouver Area rose slightly between June and July to just over 1.2-million-dollars. The Real Estate Board of Greater Vancouver says that was due to strong sales figures and few listed homes.

Vancouver home prices rose slightly from June to July