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.
Forecasts warn that temperatures will push into the low-to-mid-30s over the central and southern Interior regions, and northern B-C will see temperatures possibly reaching the high 20s.
Residents are asked to provide feedback through an online survey. The survey comes as Vancouver is conducting an extensive review to modernize and enhance its Noise Control bylaw.
Police say they found a vehicle last Friday that had been reported as stolen the day before. Inside, officers found a Panasonic Toughbook, two laptops, a metal detector, three satellite phones, a Sony P-S Vita and a cellphone.
Between April 27th and 29th, four women reported being sexually assaulted while walking through neighbourhoods around B-C Place and Rogers Arena. Police released a photo of a suspect yesterday and, following a tip from the public, a man was arrested in East Vancouver this morning.
Vancouver city council has approved changes to zoning in select areas of the Cambie Street corridor that it says will make it easier and faster to build up to 16-hundred townhouses. This change will allow applicants to proceed directly to a development permit application for townhouses in the approved areas.
The 58-year-old male suspect has been released on conditions, including no contact with the victim and not to be in the presence of anyone under the age of 16-year-old without another adult present. The suspect is an employee at the temple, and the employer has been advised of the allegations and the conditions of his release.
