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.
Coyotes are found across Vancouver and prefer sheltered, wooded areas to raise their families, so the board says it will occasionally close trails in high-traffic locations like Stanley Park where they are known to frequent.
The institute says the federal government shouldn't try to match the incentives and subsidies offered by the U.S. and instead tailor its measures for Canada. Finance Minister Chrystia Freeland has signalled the March 28 budget will include ways to keep Canada competitive as countries transition their economies to cleaner energy and technologies.
The federal minimum wage is rising to $16.65 per hour on April 1, up from $15.55. Ottawa set a federal minimum wage of $15 per hour in 2021 and increases it each year based on inflation. The changes are made every year on April 1.
She also announced that Ottawa is launching a new digital tool that will allow Canadians to check the status of their Service Canada application online, as long as they provide an email address.
The College of Pharmacists of BC says on a post on its website that its inquiry committee has suspended Aftabahmed Shaikh for 30 days and placed a permanent letter of reprimand on his file. The college says its inquiry also found that Shaikh altered the pharmacy's software to make his records more difficult to find.
Police say a suspect group has been identified, but no arrests have been made. The reason for the attack and the details linked to it are still being determined and the 21-year-old student is being supported by the Mounties' victim services unit.
