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.
During the robbery, the suspects presented a firearm demanding money from the victim before stealing and leaving in the victim’s vehicle. Both the victim’s stolen vehicle and the suspect vehicle used to arrive at the victim’s property have been located and seized by police. Although shaken, the victim and other occupants at the property were not injured.
Amar, a 40 year-old father of three, was fatally injured on August 31, 2022 during a physical altercation between two neighbours, leading to the arrest of one person. British Columbia (BC) Prosecution spokesperson Dan McLaughlin told Global News that the case didn't meet the standard for charge assessment according to the Crown.
The budget document says spending by the Defence Department will reach nearly $40 billion by 2026-27 as a result of those additional investments, but the government is not saying what that means as a share of Canada's gross domestic product.
The Parliamentary Budget Office says the increase in salaries was the largest contributor to the rise in total compensation, but spending on pensions, overtime and bonuses also grew at a faster rate.
Last month's sales totalled 2,535 compared with 4,405 sales in March 2022 and 1,808 in February. The B.C. board says the numbers signal that March home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs.
