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 government made the day a statutory holiday for its workers and federally regulated workplaces in 2021. The decision to do so is in response to one of the Truth and Reconciliation Commission's 94 calls to action.
Police say it happened just before 9:30 Tuesday night. Investigators say the victim and his attacker had some sort of altercation while on the bus, not far from the King George SkyTrain station.
Those in B.C. were most likely to say crime and violence are worse since the pandemic hit, at 72 per cent, while people in Quebec were least likely to say so, at 54 per cent. Quebecers were most likely to say things have not changed.
The Public Service Alliance of Canada can now launch a strike anytime in the next 60 days — with national president Chris Aylward saying workers were prepared to strike as soon as Wednesday. Aylward said at a press conference Wednesday morning that bargaining for fair wages is top of mind, and members are prepared to strike for as long as it takes.
Canadian Pharmacists Association vice-president of public affairs Joelle Walker said Americans buying cheaper Canadian drugs is nothing new. One of the main challenges, Walker said, is that there isn't a strong sense of the prevalence of mass U.S. buying of Canadian prescription drugs because the data isn't available.
The owner of the 110-year-old building and its non-profit manager had failed to ensure fire safety measures were adequate and up-to-date, the lawsuit says, and the city did not enforce safety regulations to the same standards it did elsewhere.
