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.
On November 22nd of last year at approximately 12:08 p.m., the Surrey RCMP responded to a report of a stabbing outside of Tamanawis Secondary School. Officers located an 18-year old, later identified as Mehakpreet Sethi of Surrey, suffering life-threatening injuries. On Wednesday, as a result of advancements in the ongoing investigation, IHIT arrested a 17 year old suspect in relation to the murder of Mr. Sethi.
A statement on the S-F-U website says pickets were at several locations and it advised students with classes or labs in any of the affected buildings to check with their instructors or teaching assistants about possible disruptions.
RCMP have posted on social media that they are on the scene of a very serious collision near the intersection of Highway 1 and Highway 5. The STARS air ambulance service says it has been dispatched to the scene.
Canada Mortgage and Housing Corporation says housing starts in Vancouver tumbled 45 per cent in May. The drop covered all types of projects -- from apartments and condos to other kinds of multi-unit developments -- and the trend was reflected in Montreal, where starts were off 35 per cent, and in Toronto, where starts fell 28 per cent.
Ottawa released a statement Wednesday confirming that it was going ahead with the expropriations without the consent of all affected land owners. Federal Transport Minister Omar Alghabra and Procurement Minister Helena Jaczek say in the release that the federal government will take physical possession of the parcels of land required for the project on Aug. 1.
Ottawa is also adding $13 million to its funding for law enforcement, as Canada and the U.S. focus on shoring up the work of the Haitian National Police as they try to stop gangs from committing brazen acts of violence and controlling critical infrastructure.