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.
Almost 700 firefighters from South Africa, Australia, New Zealand and the United States are set to arrive in Canada over the next two weeks to help with the unusually severe start to the wildfire season. There are 214 fires burning and 93 of them are out of control, up from 87 out-of-control fires Thursday.
The B.C. board says Vancouver's housing market is showing signs of heating up heading into the summer, as prices increased for the sixth consecutive month. The board says sales for the month totalled 3,411, which was 1.4 per cent below the 10-year seasonal average of 3,458.
After heated debates and decision reversals, most of Stanley Park’s temporary bike lanes set up during the pandemic have now been removed. It means cars now have two lanes along the main Park Drive and those cycling through will either have to share the road or go to the seawall for a slower pace.
Police in New Westminster say a woman is recovering in hospital after being pulled from the Fraser River. They say officers received a report around noon on Tuesday that woman who appeared to be in distress could be seen from the pier in the fast-moving water.
The complainant saw a man running in her direction carrying a rope, was startled, ran away and contacted police. Police attended the park, spoke with the complainant and conducted patrols through the park.
They say 43-year-old Jonathan Bullock was stabbed Friday night in the downtown core and died later in hospital. No arrests have been made yet.