Darpan News Desk The Canadian Press, 30 Jun, 2023 09:53 AM
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.
According to a Leger poll commissioned by the Association for Canadian Studies, 34 per cent of Canadian households say they're financially worse off compared with a year ago. The majority of respondents, 58 per cent, said their financial situation was about the same as it was a year ago.
The provinces budgeted about $204 billion for health care in this fiscal year and the Canada Health Transfer was set at $45 billion, or about 22 per cent of that. The premiers want the federal share to increase to 35 per cent.
The death toll of Monday's earthquake has surpassed 6,200 and is expected to rise as search and rescue operations continue. Turkish Canadians have also stepped in to raise funds and collect donations to send to their country of origin.
The 46-year-old Chasing Horse remains behind bars in the U.S. after being formally charged Monday in North Las Vegas with counts including sex trafficking, sexual assault against a child younger than 16, and child abuse.
Labour Minister Harry Bains introduced a bill in the legislature today, saying the holiday will be observed this September and every Sept. 30 afterwards. He says the B.C. holiday follows the federal government's decision in 2021 to declare Sept. 30 a national truth and reconciliation holiday for its workers.
In October, the regional district said the reservoir — which serves about 90 per cent of residents in the area — was at risk of "imminent exhaustion" as southern B.C. recorded an unseasonably dry summer and warm fall.