The Bank of Canada's latest business outlook survey suggests businesses still anticipate larger-than-normal wage and price increases over the next year.
The central bank reports expectations are shifting closer to what they were before the pandemic.
Overall, the survey points to a negative sentiment as businesses continue to expect their sales growth over the next year to be weak, but fewer are expecting an outright recession.
Surrey R-C-M-P say the crash happened early Sunday, when a Volkswagen collided with a Hyundai sedan while both were northbound on 176 Street near 32 Avenue. Police say the crash sent both cars into a water-filled ditch beside the road, and two people in the Hyundai have died while two others from the same vehicle are injured, one critically.
The incident is believed to have occurred inside a parked vehicle near Halifax Street and Woodway Place in Burnaby around 2 p.m. No victims, suspects, or related vehicles were on scene when police arrived. However, the victim, a 20-year-old-man, was treated in hospital for non-life-threatening gunshot wounds after seeking medical care.
Mounties are praising two bystanders in Kelowna who jumped into action and disarmed a man who allegedly stabbed a woman at a bus station. Mounties say two "good samaritans" were physically detaining the suspect when an officer arrived to arrest the man.
The report says the outlook for operating expenditures is driven by factors, including higher fixed costs to provide existing service levels, the renewal of infrastructure and public amenities, Metro Vancouver levies, and the implementation of key initiatives from the 2023 budget, such as the hiring of additional police officers.'
A statement from the Forests Ministry says recent rains have provided some relief in parts of B.C., but it hasn't been enough to make up the deficit. B.C.'s drought map shows much of the northeastern corner of the province is at drought level four on the five-level scale, meaning conditions are extremely dry with communities and ecosystems likely to experience adverse impacts.
The 28,118-kilogram stick was built to mark the entrance to the Canada pavilion at Vancouver's Expo in 1986, but 37 years later the Cowichan Valley Regional District said it is coming to "the end of its life."