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 B-C N-D-P government has ended its spring legislative session after passing 25 pieces of legislation, including laws that allow police to seize proceeds of crime. But the sitting also ends in turmoil after an Ernst and Young audit found mismanagement at Crown corporation B-C Housing.
A 65-year-old female has been charged in a fraud investigation resulting in over $150,000 lost in funds. In August 2020, Coquitlam RCMP received a fraud report from the Coquitlam Little League after it was discovered that over $150,000 was missing from the league’s bank account.
The ferry operator says it will add 95 extra sailings between May 18th and 23rd to accommodate the extra traffic, projected to be more than 430-thousand passengers and 170-thousand vehicles over the six-day period.
Hardik Arora was last seen on Wednesday at approximately 2:00 pm in the 13400 block of Central Avenue in Surrey. He has not been seen or heard from since. It is unusual for Arora to not be in contact. Police and family are concerned for his health and well-being.
Along with the excavators and industrial printers, hundreds of items were seized, including, numerous printers, hard drives, network storage, laser engravers, a VIN plate stamping machine and modifying tools, hundreds of fraudulent identification cards and blank identification cards, blank bank draft paper a handgun and ammunition.
The man was shot by Edmonton police last Friday after a 35-year-old woman and her 11-year-old child were stabbed outside Crawford Plains School in the southeastern part of the city.
