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 pilots are warning the airline could be shut down on Friday, right before the May long weekend. The pilots want better job protection, pay and scheduling, noting about 340 pilots have left WestJet over the past 18-months -- mostly for other airlines
Joly arrived in the South Korean capital with Prime Minister Justin Trudeau, who's making his first official visit to the country as the two governments try to build closer ties and work together on global security concerns.
BMO senior economist Robert Kavcic says while the first big drop-down in inflation was quick and relatively easy, this next stage is proving to be quite a bit tougher. He says it appears underlying core inflation is settling in around four per cent, which is clearly still too high for the Bank of Canada's comfort.
Starting May 29th, Adrian Dix says B-C Cancer will offer eligible patients the opportunity to undergo treatment at one of two partner clinics in Bellingham, with costs related to treatment, travel, accommodation and meals fully covered.
Environment Canada says more than 30 daily high temperature records fell across B-C on Sunday, including in Squamish, where the mercury hit 35.8 degrees. The hot, sunny weather has raised the risks of wildfire and flooding and prompted an air quality advisory for northeastern parts of Metro Vancouver.
The body of the girl, who cannot be identified under the terms of a publication ban, was found in Burnaby's Central Park in July 2017, just hours after her mother had reported her missing. Ibrahim Ali last month pleaded not guilty to first-degree murder in the B.C. Supreme Court trial.
