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 Vancouver-based company also says it plans to pay a special one-time dividend of US$1.08 per share to its own shareholders, contingent on the deal closing. Ritchie Bros. is now offering US$12.80 per share in cash and 0.5252 of a Ritchie Bros. share for each IAA share, making the offer worth about US$44.40 per share based on the company's share price Friday.
Avalanche Canada says the snowmobilers were riding at the base of a slope in a feature known as Bowl 3 in the Oasis area when the avalanche happened Saturday morning. One person managed to ride away while the other was fully buried.
Coquitlam RCMP Front-line officers attended the area of Glen Drive and Johnston Street in Coquitlam for an assault on Sunday, January 1, 2023 at 2:47 a.m. The victim was changing a tire when he was attacked by two men. The men fled prior to Police attendance. nThe victim sustained serious, non-life-threatening injuries to his head.
Documents provided by Yu show the home was listed for $978,000 last May 11, then sold for $970,000 nine days later, near the height of the pandemic property boom. Ontario land title documents show ownership was transferred for that sum on June 15 to a new buyer who took out a mortgage with the Bank of Montreal.
Experts say a stronger bond between Canada and Mexico will be central to advancing North American competitiveness on the international stage. Sen. Peter Boehm, a former Liberal deputy cabinet minister, likens the continent's trilateral ties to an isosceles triangle, with the Canada-Mexico relationship as the shortest side.
In his probe of the arrest last February on Vancouver's Downtown Eastside, Ronald MacDonald, director of the IIO, says the man had a blood-alcohol level three times above the legal limit when he ran from six officers who tried to arrest him as he threatened them after intervening in an unrelated traffic stop.