Darpan News Desk The Canadian Press, 16 May, 2023 10:10 AM
The annual pace of inflation rose 4.4 per cent in April, marking the first increase since the rate peaked at 8.1 per cent in June of last year.
BMO senior economist Robert Kavcic says while the first big drop-down in inflation was quick and relatively easy, this next stage is proving to be quite a bit tougher.
He says it appears underlying core inflation is settling in around four per cent, which is clearly still too high for the Bank of Canada's comfort.
The motorcycle was travelling southbound on Douglas Road at the time of the crash, which is believed to have occurred at approximately 6:10 a.m. The hatchback was travelling eastbound on Laurel Street. The driver of the hatchback remained on scene. A 33-year-old motorcyclist was pronounced dead on scene.
Last month, the B.C. and federal government jointly announced the province is ramping up an early earthquake detection system in "high seismic risk areas." The national earthquake early warning system already has several hundred sensors overseen by Natural Resources Canada.
The government says its labour forecast helps businesses, post-secondary institutions, organizations and governments plan for the future. Selina Robinson, post-secondary education and future skills minister, says key growth areas for work will be in the technology and health-care sectors.
Defence Minister Anita Anand and Economic Development Minister François-Philippe Champagne are joining forces in the U.S. capital, selling the idea that Canada's nascent critical minerals industry makes it an ideal partner in fortifying a North American defence industrial base.
Immigration minister Sean Fraser has argued that a boost to immigration is necessary to address labour shortages and Canada's aging population. The Desjardins analysis finds Alberta, Saskatchewan and Manitoba would see the most GDP growth rate boost among provinces.
Both Turkey and Syria were rocked Monday by the massive quake, setting off international aid efforts that now include a $10-million commitment from the Canadian government and search and rescue teams being flown in from the United States.