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.
Mulroney, 84, was prime minister from 1984 to 1993, as leader of the Progressive Conservatives. While in office he negotiated the first free trade agreement with the U.S., which later became NAFTA.
A ministry statement says the wage increase matches B.C.'s 2022 average inflation rate and will benefit about 150,000 workers, most of them food service staff, grocery store workers, retail workers and others who were essential workers during the pandemic.
Trudeau says it's heartbreaking that discoveries like these continue to happen. The Winnipeg homicide unit says it started an investigation after staff at the Brady Road landfill south of the city found the body of 33-year-old Linda Mary Beardy on Monday.
Ibrahim Ali pleaded not guilty and told the jury through an interpreter that he "did not kill Marrisa Shen." The body of the 13-year-old girl was found in Burnaby's Central Park on July 18, 2017, just hours after her mother had reported her missing.
Sanjay Madan, who served as an IT Director within the Ministry of Education, pleaded guilty to multiple charges of fraud, breach of trust, and money laundering, which he committed by overseeing two complicated schemes to bilk millions of dollars from taxpayers, the Global News reported.
Simranjit (Shally) Singh, 40, appeared in an Albany, N.Y., court Friday to face six counts of alien smuggling for profit and three counts of conspiracy to commit alien smuggling for profit, a day after he was extradited from Canada.
