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.
Police are asking for the public's help in finding a suspect who seriously injured an 85-year-old man in an unprovoked assault in Coquitlam. The Mounties say the suspect dropped the leashes and the dogs ran toward the victim before the suspect approached the man and punched him in the face.
The B.C. Wildfire Service says heavy equipment, helicopters and crews are attacking what is believed to be a human-caused fire. The wildfire service is reporting more than 80 active fires in British Columbia.
The crash on Highway 3 last Wednesday involved three vehicles, but police say those who died were all in a Chevrolet Suburban. RCMP say the collision analysis and reconstruction service is still investigating the crash.
B-C Ferries is asking for the public's help in deciding what to do with its former buffet spaces on its Tsawwassen-Swartz Bay route. It says an online survey will be open for three weeks and, using that feedback, it hopes to transform the space this fall.
Mounties in Ridge Meadows say they are investigating an assault at a local school. They say officers responded to the incident at a school at 116-B Avenue around 9:40 P-M on Saturday – outside of regular school hours.
The hike is aimed at quelling inflation, which has proved stubborn, not moving down quickly enough toward the central bank's target of two per cent. However, the hike is also bound to weigh on those hunting for homes or holding mortgages.