Skip to Main content

18.32°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Oct 23, 2023 6:58 PM - The Canadian Press

Premier Doug Ford writes to Bank of Canada to pause interest rate increase

Share On

premier-doug-ford-writes-to-bank-of-canada-to-pause-interest-rate-increase

In the last 18 months, the Bank of Canada has increased the interest rates 10 times

Ontario Premier Doug Ford has urged the Bank of Canada not to raise interest rates further.

Doug Ford has already written a letter to Tiff Macklem.

Doug Ford wrote a letter to Bank of Canada Governor Tiff Macklem on Sunday saying that millions of people are struggling to make ends meet.

He said that the previous interest rate hikes have put a lot of burden on families and businesses, so interest rates should not be increased further.

It is worth noting that on Wednesday, the Bank of Canada will decide whether to increase interest rates or not, and two days before that, Ford wrote a letter to Macklem.

It is worth noting that in the last 18 months, the Bank of Canada has increased the interest rates 10 times.

Currently, the interest rate is 5%.

Latest news

canadas-dabrowski-and-partner-routliffe-win-u-s-open-womens-doubles-title

EnglishSep 05, 2025

Canada's Dabrowski and partner Routliffe win U.S. Open women's doubles title

Canadian tennis player Gabriela Dabrowski has won the US Open Grand Slam title with her New Zealand partner Erin Rutliff. The Canadian player won the women's doubles title in straight sets with her partner. Together, the two defeated the pair of Taylor Townsend and Katerina Siniakova 6-4, 6-4. Earlier, Gabriela Dabrowski also won the US Open title in 2023. Pawan Sahni, of Newton Tennis Club in Surrey, says “the win is a boost for Canadian tennis.” He added, on one hand, just a few weeks ago, young player Victoria Mboko won the Canadian Open title, and now, with Canada's senior player win

Coquihalla Highway reopened following wildfire closure

The Coquihalla Highway (Highway 5) between Hope and Merritt has reopened in both directions following a closure caused by the Mine Creek wildfire. Due to the proximity of the fire, drivers should be prepared for the Coquihalla Highway to be closed with minimal notice. Drivers are advised to not stop in the fire zone. Intermittent lane closures can be expected as crews continue to assess and repair roadside damage, and visibility is reduced due to wildfire smoke. Drivers should also be prepared for an increased risk of wildlife presence due to fire damage to wildlife-exclusion fencing on this s

police-investigate-early-morning-shots-fired-in-south-surrey

CanadaSep 05, 2025

Police Investigate Early Morning Shots Fired in South Surrey

Surrey Police Service (SPS) is investigating an early morning shooting that occurred in South Surrey. On September 5, 2025, at approximately 3:50 am, SPS responded to reports of shots fired in the 14300 block of 28 Avenue, Surrey. Upon arrival, members located numerous shell casings on 28 Avenue. It does not appear that any residences were damaged and nobody was injured. SPS Frontline Investigation Support (FLIS) Team are attending and have taken conduct of the investigation. Investigators believe this incident is related to an ongoing extortion investigation.

ministers-statement-on-the-cowichan-valley-transit-labour-dispute

Special mediator appointed to resolve Cowichan Valley transit labour dispute

Jennifer Whiteside, Minister of Labour, has issued the following statement on the Cowichan Valley transit labour dispute: “This strike has been deeply disruptive to people living in the Cowichan Valley, who rely on transit to get to work, go to school, attend medical appointments and access everyday services. “This dispute has gone on for far too long. There’s a real urgency for the parties to get back to the table, find a fair resolution and get transit services back on the road. “To help the parties resolve the ongoing labour dispute, I have appointed Vince Ready as a special mediato

elon-musks-neuralink-brain-chip-implanted-into-two-quadriplegic-canadian-patients

CanadaSep 05, 2025

Elon Musk's Neuralink brain chip implanted into two quadriplegic Canadian patients

Two Canadian patients with spinal cord injuries have received Neuralink brain implants that have allowed them to control a computer with their thoughts. They are part of the first clinical trial outside of the United States to test the safety and effectiveness of Elon Musk's Neuralink wireless brain chip, which he introduced to the public in 2020, and was first implanted in a paralyzed American in 2024. The Canadian men, both around 30 years old – one from Ontario, the other from Alberta – have limited or no ability to use their hands. Dr. Andres Lozano, a neurosurgeon at University Health

Related News

Police Investigate Early Morning Shots Fired in South Surrey

Police Investigate Early Morning Shots Fired in South Surrey

Surrey Police Service (SPS) is investigating an early morning shooting that occurred in South Surrey. On September 5, 2025, at approximately 3:50 am, SPS responded to reports of shots fired in the 14300 block of 28 Avenue, Surrey. Upon arrival, members located numerous shell casings on 28 Avenue. It does not appear that any residences were damaged and nobody was injured. SPS Frontline Investigation Support (FLIS) Team are attending and have taken conduct of the investigation. Investigators believe this incident is related to an ongoing extortion investigation.

Elon Musk's Neuralink brain chip implanted into two quadriplegic Canadian patients

Elon Musk's Neuralink brain chip implanted into two quadriplegic Canadian patients

Two Canadian patients with spinal cord injuries have received Neuralink brain implants that have allowed them to control a computer with their thoughts. They are part of the first clinical trial outside of the United States to test the safety and effectiveness of Elon Musk's Neuralink wireless brain chip, which he introduced to the public in 2020, and was first implanted in a paralyzed American in 2024. The Canadian men, both around 30 years old – one from Ontario, the other from Alberta – have limited or no ability to use their hands. Dr. Andres Lozano, a neurosurgeon at University Health

Canada lost nearly 66,000 jobs in August

Canada lost nearly 66,000 jobs in August

Canada lost nearly 66,000 jobs in August and the unemployment rate hit a nine-year high of 7.1 per cent, excluding the pandemic. Statistics Canada said the Canadian economy lost most part-time jobs last month. The rise in the unemployment rate has also raised the possibility of the Bank of Canada cutting interest rates this month. About 1.6 million people were unemployed in Canada in August. The unemployment rate was last seen near 7 per cent in May 2016, according to Statistics Canada. It is worth noting that the Canadian economy has shown a tolerable level in the face of US tariffs on s

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital