Darpan News Desk The Canadian Press, 30 Jun, 2023 09:53 AM
The Bank of Canada's latest business outlook survey suggests businesses still anticipate larger-than-normal wage and price increases over the next year.
The central bank reports expectations are shifting closer to what they were before the pandemic.
Overall, the survey points to a negative sentiment as businesses continue to expect their sales growth over the next year to be weak, but fewer are expecting an outright recession.
Crowds in China angered by the anti-virus controls have called on leader Xi Jinping to resign in the biggest show of public dissent in decades. The regime has eased some of its strict controls after demonstrations in at least eight mainland cities as well as Hong Kong.
Canada's Justice Department says Aydin Coban was taken back to his home country on Nov. 24, where he will continue serving a nearly 11-year sentence imposed by a Dutch court in 2017 for similar crimes involving more than 30 youth.
The Bank of Canada's aggressive interest rate hikes this year have raised the cost of interest charges it pays on settlement balances deposited in the accounts of big banks. That's while the income the central bank receives from government bonds it holds remains fixed.
The Canadian government is looking to curb domestic plastic pollution by the end of the decade as negotiations toward a formal plastics management treaty begin this week in Uruguay. Canada is one of nearly three dozen countries lobbying heavily for an international agreement that would end global plastic pollution by 2040.
But for those lamenting the season ahead, chief meteorologist Chris Scott says January and February will offer some respite from a front-loaded winter as spells of milder weather transition between Western and Eastern Canada.
While no specific targets or benchmarks are included in the strategy, and questions remain over how effectively the dollars will be spent, the heightened focus on the region is being celebrated by agriculture groups in Canada.