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 in Vancouver are looking to identify a serial groper who has sexually assaulted numerous women since late last month. They say four women have been sexually assaulted since April 27th.
Between January and March of this year, police say more than 57-hundred reports of online child sexual abuse were been received. They say if that rate continues, reports could more than double in 2023 over last year.
Two youth have since been released from the hospital with minor injuries. The third youth is completing further medical examinations but expected to be released later today.
Two government sources familiar with the matter, who were not authorized to speak publicly before the official announcement, say Canada is running on a bid that will highlight six main priorities, including holding states accountable for locking up human-rights activists.
Yvonne Sinclair matched all six numbers in a draw in early December but says she wasn't in a rush to claim her prize. She now plans to buy a house for her family, take a tropical vacation and help her children with tuition.
The B-C Greens want the provincial government to create paid practicums for nursing students. Leader Sonia Furstenau says that unlike tradespeople who, justifiably, receive paid apprenticeships and subsidized tools, nurses often come out of school with significant debt.
