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.
Dr. Brian Day is CEO of the Cambie Surgery Centre, which, along with a handful of patients, has spent more than a decade in court challenging the British Columbia Medicare Protection Act, which bans extra-billing and private insurance for medically necessary procedures.
Employment has generally trended up since September 2022. Over that period, the number of people employed has increased by 383,000, or 1.9 per cent, the national statistical agency added on Thursday.
Provincial health officer Dr. Bonnie Henry says the requirement for health-care workers to be fully vaccinated remains, but the steady decline in COVID-19 hospitalizations indicates the province is "emerging" from the pandemic.
27-year old Nathan Pillay was last seen leaving his home in the 10200 block of Shell Road at about midnight last night (April 5/6). Pillay requires daily medication and family members are becoming concerned for his well-being.
A total of 90.77 kilograms of cocaine was seized from the hidden compartments, which has an estimated wholesale value of more than $5 million. Steven Christopher Fera, 45, of Calgary, and Jason Jamie Chan, 38, of Surrey, are charged with two counts each of possession of cocaine for the purpose of trafficking.
Police have identified and located two youth who are believed to be the source of the threat. There is no continued threat to the public or the school. The school lifted their lockdown with classes resuming as normal.
