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 poll from Leger and the Association of Canadian Studies also found that while some Canadians are happy about King Charles III taking the throne and others are not, most are largely indifferent to Canada’s new head of state.
Until now, the government has said it is helping through existing policies, such as child care agreements with the provinces and automatic annual increases to programs like the GST rebate and Canada Child Benefit, as well as 2021 budget promises to increase benefits for seniors and low-income workers.
Emergency food, water, sanitation and health services are badly needed after monsoon rains over the last three months have left more than one-third of the country underwater. More than 33 million people are affected by the floods and with much of the country's agricultural land underwater, the Pakistani government is warning of an impending food shortage.
The network says in its fall forecast that much of Canada can expect warmer-than-normal conditions throughout September before temperatures start to drop in October. It says the amount of precipitation will vary across the country, though most parts will see fewer storms than usual.
Speaking at a caucus retreat in New Brunswick today, Trudeau says "declaring an opportunity for Canadians to mourn on Monday is going to be important." He says the government will be working with provinces and territories to ensure they're "aligned."
Environment Canada is maintaining advisories for a portion of northeast B.C. and the southern half of the province and has extended air quality statements across southern Alberta. It warns that fine particulates contained in the smoke are likely to increase through the day.
