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.
The victim's condition has since stabilized, and police say it appears he was attacked by multiple male suspects who arrived in a taxi and confronted the victim before the attack took place.
Police say Sorenson set two separate fires at a Korean and a sushi restaurant in April 2020, then returned that November to set another fire at the sushi restaurant for a second time.
The sectors that the bus tour highlighted were health, technology, agriculture, brewing, and hospitality. Organizations such as Health Tech Connex, Heppell's Potato Corp, and Legion Veterans Village were on board for the initiative.
The tentative agreement announced in the wee hours of Monday morning came after the Treasury Board, which oversees the administration of the federal government, tabled what it described as a "final offer" on Friday.
The warm temperatures come a day after records were broken on Friday in cities like Victoria and Abbotsford. Temperatures Sunday afternoon have fallen below 28 degrees, with rain in the forecast Monday for several interior cities.
Vancouver Fire Rescue Services say they responded to a fire Saturday at 9:30 p-m on Dunlevy Avenue, in the back of the Asian Canadian Benevolent Association building. Police say they found the body of a 50-year-old man in the electrical room in the parking lot, where the fire is believed to have started accidentally.
