Bank of Canada holds key interest rate at 5 per cent, governor says rate cut in June 'within realm of possibilities'

Bank of Canada holds key interest rate at 5 per cent, governor says rate cut in June 'within realm of possibilities'The Bank of Canada held its policy rate at 5 per cent on Wednesday, saying it needs to see a sustained decline in

Additionally, the bank is not convinced that wage growth, a key driver in costs, will remain stable. If weak productivity continues, firms could face higher price pressures.“We don’t want to leave monetary policy this restrictive longer than we need to,” said Macklem. “But if we lower our policy rate too early or cut too fast, we could jeopardize the progress we’ve made bringing down inflation.

A school teacher who took part in the Quebec version of the Survivor reality TV show took time off work to be a contestant is now out of a job.A few weeks ago, Michele Campeau faced what seemed like an impossible decision: move her mom from a hospital bed to a long-term care home the family hated or pay $400 a day to remain at the health-care facility.

The union representing workers who prepare meals for in-flight service for multiple airlines at Toronto Pearson International Airport says staff could walk off the job as early as next week, a move that they say could leave many flights without food or beverages.A B.C. man who killed two black bears that wandered onto his property – where authorities later found he had left out beehive debris and other attractants – has been fined more than $7,000.A Guelph, Ont.

Bank of Canada holds key interest rate at 5 per cent, governor says rate cut in June 'within realm of possibilities' The union representing workers who prepare meals for in-flight service for multiple airlines at Toronto Pearson International Airport says staff could walk off the job as early as next week, a move that they say could leave many flights without food or beverages.The self-described scoundrels of Okanagan wine country have pulled one of their most popular sparkling wines after a warning from one of the world’s most famous and prestigious producers, Dom Perignon.

Meals, beverages on some flights could be impacted by potential strike involving Toronto Pearson airport food service workers Ottawa fire says 9-1-1 received multiple calls just before 8 p.m. Tuesday, reporting heavy smoke and flames coming from a window of the sixth floor of an apartment building on Halifax Drive.Ottawa's ambulance dispatchers are using a new system for dispatching emergency medical responses on Wednesday, designed to more accurately triage calls and improve response times for life-threatening calls.

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