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.
Myles Gray, 33, died on Aug. 13, 2015, following a beating involving seven officers that sent him into cardiac arrest and left him with a broken eye socket, a partially dislocated jaw, a crushed voice box and a ruptured testicle and other injuries.
The Public Service Alliance of Canada says some 155,000 employees are prepared to walk off the job beginning Wednesday, including 35,000 workers from the Canada Revenue Agency. The biggest sticking point in the talks appears to be pay, with the union calling for raises to keep up with inflation and the rising cost of living.
The executive director of the Master of Public Policy in Digital Society at McMaster University says an exit from Twitter would be an opportunity for CBC to refresh the public's understanding of how its funded and maintain editorial independence.
British Columbia's Prosecution Service declined to approve criminal charges against the officers in 2020, saying they were the only eye witnesses to the 33-year-old's death and offered accounts described as incomplete and sometimes inconsistent.
The avalanche safety organization says a trio of snowmobilers was riding a slope above Whirlpool Lake on Saturday when two of the riders were caught up in a slide. Avalanche Canada says one rider managed to avoid being buried, but one was trapped under two metres of snow.
The new route will operate four times weekly beginning Oct. 28, 2023 onboard Air Canada's flagship Dreamliner fleet. The carrier's new Vancouver-Dubai flights will complement Air Canada's daily service between Toronto and Dubai, broadening its presence in fast-growing international markets.
