Darpan News Desk The Canadian Press, 18 May, 2023 10:13 AM
The Bank of Canada is growing more concerned about the risks that high household debt pose to Canada's financial system.
WATCH: Governor Macklem and Senior Deputy Governor Rogers take questions from the media following the release of the Financial System Review.https://t.co/wcXIiWJUy0#economy#cdnecon
It says higher borrowing costs mean more households will likely face financial pressure going forward, while falling home prices have reduced homeowner equity.
The central bank is also warning that financial stability could be threatened by a potential major cyber attack and more frequent extreme weather events associated with climate change.
Michael Mehta, a professor of geography and environmental studies at Thompson Rivers University in Kamloops, says the risks associated with wildfire smoke are numerous and serious, but not easily conveyed or understood by the public.
Starting first in Western Canada and Quebec before rolling out to the rest of the country, teens between the ages of 13 and 17 will be able to make passenger accounts on the ride-hailing program.
The Mounties say the suspect has a heavy build with shoulder-length blonde hair and she was believed to be driving a 2008 to 2013 Ford Escape. The vehicles were damaged during three separate incidents between January and April.
Researchers say the project looked at several different alcohol-related policy areas, including minimum pricing, taxation, and advertising, and their results include recommendations such as mandated warning labels and reduced availability hours.
The Ministry of Public Safety says Ottawa's funding will enhance 24-hour crisis hotlines run by the Salal Sexual Violence Support Centre and the Indian Residential School Survivors Society. It says the province-wide crisis lines provide risk-assessment and safety planning services to those experiencing gender-based violence.
