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.
B.C. Health Minister Adrian Dix said on Tuesday he wants a federal clampdown on sales to non-residents after it was discovered that Americans were being sent thousands of doses of Ozempic in the mail from B.C., the majority prescribed by a single practitioner in Nova Scotia.
The water taxi and a Tofino Air Beaver float plane carrying six people collided while heading for the same dock in October 2021. The pilot and passengers were able to safely get out of the aircraft, although three sustained minor injuries, and within minutes it had capsized.
The provincial government has tabled changes to its Civil Forfeiture Act that would allow for the creation of unexplained wealth orders to help prevent money laundering by those who hide their assets in goods or through family members or associates.
B.C. Premier David Eby, who attended the news conference with Freeland, said he recognized there are "significant parcels" of funding from the last budget that have not yet been deployed in the province "in a significant way."
The highlight of the evening was a panel discussion featuring accomplished women leaders from diverse fields, including journalism, business, politics, arts, and activism. Seasoned journalist, anchor/reporter with Global National, Neetu Garcha moderated the discussion.
For the full year, tourism spending jumped 45 per cent to $74.38 billion as domestic and international travel roared back with COVID-19 restrictions lifted. However, that figure sits more than a fifth below 2019 tourism spending levels, which neared $95 billion.
