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.
Ridge Meadows RCMP are confirming that a man was located deceased in Pitt Meadows. On Monday, at around noon police located a man’s body in a wooded area west of Golden Ears bridge. The police investigation has revealed this incident to be suspicious in nature.
The initial investigation indicates that a white van was seen fleeing the scene. Police will be working to determine if a subsequent vehicle fire found nearby at 147 Street and 69 Avenue is connected to the shooting investigation.
Twenty-three-year-old Ekene Anigbo of Vancouver and 23-year-old Jalen Falk of Burnaby, B.C., have both been charged in the death of Kathleen Richardson in Naramata, B.C., in June of 2021.
The proposed increase of six new electoral districts includes four in the Lower Mainland in Vancouver, Burnaby, Surrey and Langley, one on Vancouver Island in Langford and another in Kelowna in the B.C. Interior.
Seventeen-year-old Ethan Bespflug was killed on a bus in Surrey, B.C., last Tuesday. Police say they don't believe the attack was random and they hope to have an update on possible charges soon.
The report says two dozen aircraft with passengers aboard waited up to 11 hours on the tarmac because there were no gates available, while passengers were given inaccurate information and communication from the airport authority was inadequate.
