Darpan News Desk The Canadian Press, 18 May, 2023 10:13 AM
The Bank of Canada is growing more concerned about the risks that high household debt pose to Canada's financial system.
WATCH: Governor Macklem and Senior Deputy Governor Rogers take questions from the media following the release of the Financial System Review.https://t.co/wcXIiWJUy0#economy#cdnecon
It says higher borrowing costs mean more households will likely face financial pressure going forward, while falling home prices have reduced homeowner equity.
The central bank is also warning that financial stability could be threatened by a potential major cyber attack and more frequent extreme weather events associated with climate change.
Police say they seized 10 firearms, 38-hundred rounds of ammunition, illicit drugs, 50-thousand-dollars in counterfeit cash, and a Mercedes believed to have been purchased using criminal proceeds.
Finance Minister Chrystia Freeland is in Niigata, Japan for a G-7 finance ministers' meeting that will discuss ways to support Ukraine and pressure Russia to end the war. Ukraine's finance minister is taking part online in the first session.
Chaitanya Mandlik, deputy commissioner of police for Ahmedabad's crime branch in the state of Gujarat, said authorities are looking to send Vancouver residents Fenil Patel and Bitta Singh, who also goes by Bittu Paji, to face charges in India.
The board rejected Uber's application for launching in Victoria and Kelowna several years ago, at the same time the tribunal approved the company to operated in the Lower Mainland.
On Wednesday, at approximately 5:00 pm, Surrey RCMP located a body in an alley in the area of 103A Avenue and Old Yale Road. BC Coroners Service is investigating the cause of death. At this time, it is believed criminality is a factor,
Richmond R-C-M-P say they were called to a mobile phone store on Number 3 Road on Saturday night after strange noises were reported emanating from the business after hours. Police were searching the store when a 50-year-old female suspect fell through the ceiling in front of the officers.
