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 federal dental benefit was rolled out in the fall to provide families with up to $650 per child under 12 for dental care. It was the first step toward creating a national dental care program, a key promise in the Liberals' confidence-and-supply agreement with the NDP.
Public Safety Minister Marco Mendicino says a continental strategy for dealing with fentanyl will be a key priority during the meetings. The U.S. has already embarked on an aggressive law-enforcement approach, seizing more than 2,200 kilograms of fentanyl in the last month — virtually all of it coming across the southern border.
Mediated contract negotiations between the Public Service Alliance of Canada and the government began in early April and continued through the weekend in what the union describes as the government's last chance to reach a deal.
Myles Gray, who was 33, died in August 2015, shortly after a beating by seven officers, leaving him with a broken eye socket, a crushed voice box, a ruptured testicle and other injuries. The inquest began Monday in Burnaby, B.C., with testimony from six of the more than 40 witnesses expected to appear over 10 days.
Uber Canada says, starting immediately, B.C. residents over the age of 19 can use the Uber Eats app to order marijuana from local, licensed retailers. The statement from Uber Eats says its delivery workers won't be involved because certified staff from the cannabis retailer will instead deliver the order to the customer and verify the recipient's age and sobriety.
It says that's the second highest total ever recorded over the first three months of a calendar year, behind only 2022 when 599 people died. The figures also show that 2,314 deaths due to toxic drugs occurred last year, making the annual toll the deadliest on record since a public health emergency was declared in 2016.
