Bank of Canada Governor Tiff Macklem says fiscal and monetary policy are rowing in opposite directions, making it harder to bring inflation down. Macklem is appearing before MPs on the House of Commons finance committee after the Bank of Canada's recent rate decision and quarterly economic projections.
Foreign Affairs Minister Mélanie Joly said in a Monday speech to the Economic Club of Canada in Toronto that a humanitarian agreement is urgently needed to help people in the Hamas-controlled Gaza Strip, which is home to more than two million Palestinians. Israel declared war against Hamas after the Oct. 7 attacks, in which more than 1,400 Israelis were killed and 222 taken hostage, according to the Israeli government.
The British Columbia government says the province's Crown power utility is applying for a 2.3-per-cent rate increase starting in April, adding about $2 a month to the average residential bill. A statement from the Energy Ministry says it's the sixth year in a row that BC Hydro has applied for an increase below the rate of inflation.
Severe weather across Canada caused by climate change has wreaked havoc with the pumpkin harvest this year. Nova Scotia pumpkin farmer Danny Dill says the spring planting season was arid because of wildfires, then heavy rains in the summer flooded his fields.
The federal government is expanding its drug and substance use strategy to try to save more lives and provide more services to people disproportionately affected by Canada's overdose crisis. Health Canada says the drug landscape has changed with an increasingly toxic supply since the strategy was first developed in 2016.
A group of more than 30 British Columbia retailers, trade associations and other organizations is calling for a co-ordinated government response for repeat offenders they say are behind a wave of theft, vandalism and violent crime. The Save Our Streets coalition says the need for immediate action is "critical" to meet threats to staff safety, rising security costs and the community impact.