Darpan News Desk The Canadian Press, 03 Nov, 2023 12:46 PM
Statistics Canada says unemployment continues to nudge upward across the country, rising to 5.7 per cent last month -- up two-tenths of a point since September.
The increase is the fourth in the last six months and comes despite the addition of 18-thousand jobs.
Economists warn that climbing unemployment is happening at the same time as high interest rates are cooling the economy.
Statistics Canada numbers show the jobless rate in B-C didn't budge last months from its 5.4 per cent setting recorded in September
The new law would require local governments to update zoning bylaws to permit multi-unit buildings on lots typically used for single-family detached homes. Cities are to allow at least three units on lots up to 280 square metres in size, while at least four units are to be permitted on larger lots, and at least six units will be allowed on larger lots that are close to transit stops with frequent service.
Vancouver police have conducted a series of raids of retail outlets as part of an investigation into the illegal sale of illicit psychedelic drugs including psilocybin, also known as magic mushrooms. Officers searched three storefronts in Marpole, Mount Pleasant, and Strathcona, seizing a variety of controlled substances police believe were being bought and sold in bulk quantities to walk-in customers.
Mounties on Vancouver Island say thieves are making off with batteries from railway control boxes, causing an estimated 800-thousand dollars in damages and replacement costs. Police say the island-wide problem stretches from Langford to Comox Valley and multiple thefts have occurred between August to October.
Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is expected to have on the economy. Macklem appeared before a Senate committee alongside senior deputy governor Carolyn Rogers on Wednesday following the Bank of Canada's most recent interest rate decision and monetary policy report.
The Conservatives moved on Wednesday to make carbon pricing the ballot box question in the next election, seizing on the public's anxiety about affordability and seeing a crack in the Liberals' carbon-price armour. "A carbon tax election," Leader Pierre Poilievre proposed in a speech to his caucus in Ottawa.
The Conservative party is maintaining a steady lead over Prime Minister Justin Trudeau's Liberals, a new poll suggests, at a time when Canadians are reporting limited trust in their institutions. Pierre Poilievre's Tories are 14 percentage points ahead of the governing party, according to the survey by polling firm Leger. Forty per cent of respondents said they would vote Conservative, 26 per cent Liberal and 17 per cent NDP if an election were held that day.
