Ajay Banga confirmed as next World Bank president

Canada’s central bank could raise interest rates in the coming months as rising global crude oil prices increase inflationary pressures. Economists believe the Bank of Canada’s chances of raising rates by December are growing, despite Canada’s annual inflation rate remaining steady at 3% last month. Economists at Desjardins Group and RSM Canada say it may be difficult for Bank of Canada officials to ignore oil prices above US$100 a barrel, particularly if the increase persists. While core inflation remains under control for now, economists warn that continued oil price shocks could push

Prime Minister Mark Carney has announced a major tax break for companies making new investments in Canada. Under the new measure, businesses will be able to immediately claim 100 per cent of the cost of eligible new investments, including machinery, equipment and technology, as a tax deduction. Announced Tuesday, the measure is being called the “Productivity Mega Deduction” and is aimed at encouraging businesses to invest more in their operations. The government says making investments cheaper will give companies greater incentive to spend on expanding and improving their businesses, helpi

Surrey police have issued a public warning as another high-risk offender, 49-year-old Jonathan Anders Muzichka, is set to be released. The Surrey Police Service said Tuesday that Muzichka has a history of violent attacks against people and property-related offences. He will be subject to several strict court-ordered conditions and will also be monitored through an ankle monitor. Police are urging the public to call 911 immediately if they see Muzichka violating any of his court conditions. The warning comes just a day after Surrey police issued a similar alert regarding the release of 26-year-

A 77-year-old man has died under suspicious circumstances in Fort St. James, B.C., with RCMP’s Major Crime Unit investigating the death as a possible homicide. Police said officers were called to a home in the 800-block of Spruce Road at around 2:40 a.m. Monday. They found the elderly man seriously injured at the scene and rushed him to hospital, where he later died despite medical efforts. The suspected attackers had fled before police arrived. RCMP Major Crime investigators have since taken over the case. Staff Sgt. Chris Clarke said the preliminary investigation indicates the incident was

A 31-year-old Calgary man has been charged with allegedly making a death threat against Canadian Prime Minister Mark Carney. The RCMP’s Integrated National Security Enforcement Team (INSET) launched an investigation after receiving information about a threat against Carney from a YouTube account. Working with Calgary police, INSET arrested Jamie Dacosta and charged him with uttering threats against the Prime Minister. Dacosta is scheduled to appear in Alberta Court of Justice today.