Darpan News Desk The Canadian Press, 07 Jul, 2023 09:55 AM
The jobless rate went up for a second month in a row in June.
Statistics Canada reports the rate climbed to 5.4 per cent as the economy added 60-thousand jobs.
R-B-C assistant chief economist Nathan Janzen says the reason the unemployment rate can rise alongside historically strong employment growth is that population growth continues to set new records, including an increase of 84-thousand people in June.
But forecasters are still expecting the Bank of Canada will raise interest rates at its next decision on Wednesday.
Finance Minister Selina Robinson says preliminary financial numbers for the first three months of 2022-23 show the province is in a strong position despite ongoing global economic risks. The quarterly report Robinson posted today also indicates financial improvements over the next three years, but includes forecasts of budget deficits for two of the three years.
The longtime MP cruised to the opposition leader's office with a blowout victory that saw him capture nearly all of the country's 338 ridings and nearly reach the 70 per cent support mark from party members.
Rachel Bendayan, the parliamentary secretary to the associate finance minister, says MPs all heard very clearly from constituents over the summer break just how difficult it has become to keep paying the bills. Fighting inflation is also politically critical for the Liberals with new Conservative Leader Pierre Poilievre maintaining his biting criticism of the government over inflation.
The late queen's coffin left Balmoral Castle in Scotland on Sunday, where it was driven by hearse to the Scottish capital of Edinburgh. It will be flown to London on Tuesday, where it will eventually lie in state for the public to say their goodbyes in the four days leading up to Monday's funeral.
Police were called to King George Blvd near 72 Ave at about 9 p.m. Sunday. Officers say a silver sedan heading south on King George struck a woman who was crossing the street between intersections.
The federal government's air quality index shows areas with the highest levels of potentially dangerous wood smoke include Cranbrook and Castelgar in southeastern B.C., the eastern Fraser Valley and the communities of Whistler and Squamish.
