Bank of Canada governor Tiff Macklem says we've come a long way in our fight against high inflation but it's still too soon to start lowering interest rates. The central bank has done as expected and kept its key interest rate steady at five per cent.
The pilot of a single-engine plane that crashed near downtown Nashville told air traffic controllers he could see the runway they were clearing for an emergency landing. But he said he couldn’t reach it. The pilot had another adult and three children on board, National Transportation Safety Board investigator Aaron McCarter said at a Tuesday news conference. He said the five were Canadian citizens and the agency is working with the Canadian government to determine their identities.
Vancouver police say a high-risk sex offender who was serving a five-year long-term supervision order was rearrested last week. Police had issued a public warning on February 26th that Skylar Wayne Pelletier had been released from custody and was living in Vancouver. The 24-year-old was previously convicted of sexual assault, assault, and break and enter.
Kelowna RCMP say they are looking for a woman who's involved in a recent scam targeting the elderly. Police say the suspect reportedly took money from an elderly woman after someone pretending to be an officer called the victim about her grandson being arrested and needing to pay a bond.
Thalbinder Singh Poonian and Shailu Poonian claim they'll be in debt to the commission "likely for life," owing about $19 million after being found to have engaged in market manipulation of a company's stock in 2015. The commission ruled the couple boosted the price of OSE Corp. on the Toronto Stock Exchange by trading among themselves, relatives, friends and acquaintances, then sold the shares at the inflated prices to unsuspecting buyers.
A state funeral for former prime minister Brian Mulroney will be held on March 23 in Montreal. Mulroney died Feb. 29 at a Florida hospital following a recent fall at his Palm Beach home. He was 84. Parliamentarians are expected to pay tribute to Canada's 18th prime minister in the House of Commons when MPs return to Ottawa on March 18 after a two-week break.
