Darpan News Desk The Canadian Press, 25 Oct, 2023 09:38 AM
The Bank of Canada is keeping its key interest rate at five per cent, saying there are clearer signs that monetary policy is moderating spending and relieving price pressures.
But it hasn't ruled out future rate hikes as those pressures remain high.
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The prime minister has a series of meetings and events, during which he is expected to promote Canada as a trade and investment partner for American businesses. One topic that has been garnering a lot of attention, is what Ottawa is planning for its critical minerals sector.
On global markets, the price of grains, vegetable oil, dairy and other agricultural commodities has fallen steadily for months. But the relief hasn't made it to the real world of shopkeepers, street vendors and families trying to make ends meet.
Chief economist Bob Duggan says home ownership will be less affordable in the near-term because of higher mortgage rates and high price levels. He also expects rental affordability will likely decline as well.
The River Forecast Centre website says temperatures are expected to be at least 10 degrees above normal for many areas of the province right through the weekend before cooler weather and rain arrive next week.
Mayor Ken Sim says the community has called the cost of parking a barrier to visiting and doing business in Chinatown. The new flat rate will take effect June 1st and run from 9 a-m to 10 p-m, seven days a week.
Lawyers for Cody Haevischer and Matthew Johnston argued last October that the men were wrongfully denied a chance to give evidence about "egregious" police misconduct and cruel in-custody treatment that tainted their convictions.
