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.
🔴 WATCH LIVE
Tune in as Governor Macklem and Senior Deputy Governor Rogers take questions from the media following the release of our interest rate decision and most recent forecasts for the #economy. https://t.co/xOVdGhhbIL#cdnecon
Rain is predicted to be even heavier on the west coast of Vancouver Island, where about 80 mm could fall in less than 36 hours and models show some Metro Vancouver communities may receive 60 mm or more.
Richard Peck is questioning the primary investigator at McCallum's provincial court mischief trial and says police couldn't tell in surveillance video if the mayor's foot had been injured by a woman driving a vehicle.
The more than three dozen recommendations include ensuring continuity of care for at-risk people, expanding a take-home naloxone program, and engaging with health-care providers to reduce barriers in prescribing a safe supply of drugs.
Vandals caused more than $300,000 damage to the PNE on September 18, after the last-minute cancellation of a headline act at the Breakout Festival. Dozens of concert-goers destroyed food kiosks, overturned tables, climbed light fixtures, and sparked fights throughout the PNE grounds and surrounding neighbourhoods.
According to the report, PM Justin Trudeau's government introduced the permit extension move to over 5,00,000 international students already in Canada to potentially work more hours, and stay for 18 months after graduation to seek employment. However, after more than a year, some of these permanent-resident hopefuls have been left without status to work or remain in the country.
The Bank of Canada hiked its key interest rate by half a percentage point on Wednesday and signalled interest rates would have to rise further to clamp down on decades-high inflation. Canada’s annual inflation rate was 6.9 per cent in September but has been steadily declining since reaching its highest rate this year of 8.1 per cent in June.
