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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A new report says the average home price reached a peak of $839,600 in February 2022, up 52 per cent from $551,100 in February 2020. Since then, however, prices have declined by seven per cent, down to $777,200 in August.
The government tabled a bill earlier this month to boost the rebate for six months in an effort to help low- and modest-income Canadians cope with high inflation. The proposal followed months of pressure from the NDP to help people who are struggling with the rising cost of living.
A new book urges the Liberals to outline its friends, foes and priorities in the region spanning India to British Columbia. Foreign Affairs Minister Mélanie Joly said this spring that a strategy was imminent, but her office still has no timeline for when it will be released.
Mark was the minister for tourism, arts, culture and sport. She will continue to represent the riding of Vancouver-Mount Pleasant in the legislature. Mark is the first First Nations woman elected to B.C.'s legislative assembly, and the first to serve as a cabinet minister.
New data from the service cites 169 drug deaths last month, representing a 12 per cent decrease from July, and equating to about 5.5 deaths per day. It says illicit drug toxicity is the leading cause of unnatural death in B.C., with an average of 184 drug deaths each month since October 2020.
Officials said during a technical briefing today that pressures on the health system including staffing shortages are being factored into planning for hospital bed capacity. This is expected to be the first season the flu has a significant comeback since pandemic restrictions dampened the spread of it and other respiratory illnesses over the past two years.
