The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank's decision to hold its key rate at five per cent. The Bank of Canada’s decision to maintain its key rate comes as no surprise. Weaker economic growth along with slowing inflation has allowed the central bank to hold its policy rate steady and monitor how the economy is responding to higher rates.
The federal commission of inquiry into foreign interference is looking to examine alleged meddling by India in the last two general elections. In a statement today, the commission says it has asked the federal government to produce documentation related to these allegations.
The Labour Relations Board has scheduled hearings today and tomorrow in the industrial dispute that paralyzed Metro Vancouver bus services this week. Bus and SeaBus services resumed this morning after the end of the 48-hour strike by more than 180 transit supervisors represented by Canadian Union of Public Employees Local 4500.
Police in New Westminster say a recent traffic stop led to the seizure of more than 111-thousand dollars in cash, and drugs with a street value of about 100-thousand dollars. They say officers with its Gang Suppression Unit pulled over a suspicious vehicle last Thursday and arrested the driver, who was prohibited from driving.
Officers in Victoria say they’ve arrested a man accused of randomly stabbing a cyclist outside police headquarters. Investigators say the victim was passing by this morning when they were approached by the suspect and slashed with a knife.
The Transportation Safety Board of Canada says a plane that crashed near Fort Smith, N.W.T., was a British Aerospace Jetstream registered to Northwestern Air Lease. The airline's website says it has two of the planes in its fleet that can carry 19 passengers. There is no word on how many people were on the plane that crashed, or if there are any injuries or fatalities.