Wednesday, May 27, 2026
ADVT 
National

Another rate hike coming: Stats Can

Darpan News Desk The Canadian Press, 15 Aug, 2023 10:04 AM
  • Another rate hike coming: Stats Can

The inflation rate rose to 3.3 per cent in July, a development that economists warn spells bad news for the Bank of Canada.

Forecasters say the latest report raises the odds of an interest rate hike next month, despite other signs of economic softening, including rising unemployment.

B-MO chief economist Douglas Porter still expects the Bank of Canada will stay on the sidelines but he says the inflation figures will make it a tougher call.

MORE National ARTICLES

Canada needs 30,000 new immigrants in agri sector: Report

Canada needs 30,000 new immigrants in agri sector: Report
Over the same period, a shortfall of 24,000 general farm, nursery and greenhouse workers is expected to emerge, and in 10 years, 60 per cent of today's farm operators will be over the age of 65, that is, close to retirement.

Canada needs 30,000 new immigrants in agri sector: Report

B.C. old-growth protesters celebrate as contempt prosecution has 'collapsed'

B.C. old-growth protesters celebrate as contempt prosecution has 'collapsed'
Gordon Comer with the prosecution service says they’re reviewing other cases affected by a court ruling back in February that acquitted protester Ryan Henderson on contempt charges due to the R-C-M-P’s failure to properly read an injunction to Fairy Creek blockaders. 

B.C. old-growth protesters celebrate as contempt prosecution has 'collapsed'

Male suspect allegedly stabs another male passenger in the abdomen on SkyTrain travelling to Surrey Central Station

Male suspect allegedly stabs another male passenger in the abdomen on SkyTrain travelling to Surrey Central Station
While the train was in motion, there was an alleged verbal interaction between the victim and a nearby male passenger, which resulted in the male passenger pulling out a sharp object and stabbing the victim in the abdomen.

Male suspect allegedly stabs another male passenger in the abdomen on SkyTrain travelling to Surrey Central Station

Weekend home invasion investigation continues: Ridge Meadows RCMP

Weekend home invasion investigation continues: Ridge Meadows RCMP
Ridge Meadows R-C-M-P say they were called to a home at 1:30 in the morning on Saturday on Garden Street after receiving a report of a home invasion they say was targeted. R-C-M-P say officers held the scene as they awaited a search warrant, which was executed by the detachment’s Investigative Support Team. 

Weekend home invasion investigation continues: Ridge Meadows RCMP

Vancouver police officer tells inquest he punched Myles Gray as hard as he could

Vancouver police officer tells inquest he punched Myles Gray as hard as he could
A Vancouver police officer told a British Columbia coroner’s jury that he punched Myles Gray in the head as hard as he could several times because he didn’t think anything else would work to subdue the man, other than shooting him.

Vancouver police officer tells inquest he punched Myles Gray as hard as he could

Sociologist says pandemic may have made Canadian youth less empathetic, meaner

Sociologist says pandemic may have made Canadian youth less empathetic, meaner
The challenges of confinement also made parents less strict about managing children's screen time, she said, calling for "more preparation, education, support and scaffolding that goes into young people's use of digital technologies."

Sociologist says pandemic may have made Canadian youth less empathetic, meaner