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.
The accused, Inderdeep Singh Gosal, was arrested at the scene moments later when bystanders flagged down a constable patrolling the area, police said. The 32-year-old has been charged with second-degree murder and a hearing has been scheduled in Vancouver provincial court on April 11.
The suspect was observed on CCTV and is described as a Caucasian male wearing a black hoody with white designs, a blue jacket, dark pants, Nike runners and a black baseball cap.
The confidence-and-supply agreement requires the government to table legislation on pharmacare by the end of the calendar year in exchange for the NDP's support on key votes in the House of Commons.
Lululemon, which keeps its books in U.S. dollars, reported after the close of markets Tuesday that it earned net income of US$119.8 million or 94 cents per diluted share for the quarter ended Jan. 29 as it recorded post-tax impairment and other charges related to its Mirror business totalling US$442.7 million.
Mitzi Dean, the child and family development minister, says families fostering kids 11 and under will see their payments increase by $450 a month to $1,465 per child, while caregivers for those 12 to 19 will see a $531 monthly increase to $1,655 per child.
The Liberals had budgeted for $6.6 billion in foreign aid for the 2019-2020 financial year before the pandemic began, and the government's response to COVID-19 and Russia's invasion of Ukraine boosted the amount to more than $8 billion by last year.
