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.
Telus Health spokeswoman Juggy Sihota says in a statement the agreement will see Telus Health modify LifePlus to establish a clearer link between insured and uninsured care delivery.
In its summary of deliberations, the central bank says it considered raising interest rates from the current 4.5 per cent. The Bank of Canada appears confident that inflation will fall to three per cent by mid-year.
Police were called to a home in Fort St. James on February 25th last year. Thirty-six year old John Lazare was found dead from a gunshot wound and investigators said at the time that the attack was targeted and there was no risk to the public.
It's expected construction will begin next year -- with completion set for 2026 -- and Frost says the theatre, which she describes as a "jewel among Vancouver's spectacular venues," will host a wide variety of music and culture events.
More than 100-thousand federal employees have been on strike since last Wednesday, demanding improved wages, benefits and more opportunties to work from home. Treasury Board officials and the union continue to meet but a statement from the union says there has been no progress on key issues.
Highway 1 through the Fraser Valley has reopened after one person died in a crash involving several commercial vehicles. Police say it happened yesterday afternoon in the eastbound lanes just west of Hope.
