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.
Due to the location of the collision and the subsequent downed power line, 64th avenue is closed from 152nd street to 146th street. 148th street is closed from 68th avenue to 62nd avenue. Motorists are asked to avoid the area and find a different route for their morning commute.
Police say a regimental funeral has been scheduled for two Edmonton officers who were shot and killed in the line of duty last week. The funeral for Travis Jordan, who was 35, and Brett Ryan, 30, is to be held March 27 at Rogers Place, the home arena for the Edmonton Oilers of the National Hockey League.
Police in Delta, B.C., say Dr. Olumuyiwa Bamgbade, who operated a pain clinic in that community before relocating it to neighbouring Surrey, faces another charge of sexual assault over an alleged incident in 2019.
The Canada Border Services Agency says enrolment centres will reopen for applicant sit-downs at the Halifax and Winnipeg airports on March 27, followed by a staggered reopening at the six other airports where customs preclearance is an option, including the final two in Toronto and Ottawa on April 24.
Police said they responded to a weapons complaint at around 9:20 a.m., and a suspect was taken into custody about 10 minutes later at Charles P. Allen High School in the suburb of Bedford. A teacher at the school said it appears a male student was in the school's front office with a vice-principal when the student suddenly became violent.
The union says its members, who work for a company that contracts service to BC Transit, have no pension and make 32 per cent less than bus drivers and other staff elsewhere in Metro Vancouver's transit system.
