Skip to Main content

7.43°^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

report-warns-canada-risks-losing-skilled-newcomers-as-early-departures-persist

CanadaNov 18, 2025

Report warns Canada risks losing skilled newcomers as early departures persist

A new analysis from the Institute for Canadian Citizenship suggests Canada continues to face long-term challenges retaining the newcomers it admits each year. The study reports that roughly one in five immigrants leaves the country within 25 years of arrival, with most departures occurring during the first five years. The findings echo concerns raised in recent years by settlement agencies and provincial governments that have been working to improve support for newcomers. The annual “Leaky Bucket” report indicates that departures are most common among highly educated immigrants, including

b-c-outlines-new-plan-to-attract-major-investment-as-eby-presses-ottawa-for-stronger-economic-push

B.C. outlines new plan to attract major investment as Eby presses Ottawa for stronger economic push

British Columbia Premier David Eby has introduced a long-term economic strategy that aims to draw up to $200 billion in new investments over the next decade, positioning the province as a key driver of national growth. The initiative, called the Look West plan, outlines how B.C. intends to expand its resource, technology and advanced manufacturing sectors while reducing reliance on U.S. markets. The provincial roadmap highlights several projects already under review by the federal government, including the North Coast Transmission Line, which is intended to support future mining and clean-ener

WorldNov 18, 2025

Cloudflare outage triggers service disruptions for ChatGPT, X and online gaming platforms

A technical failure at Cloudflare caused widespread service interruptions on Tuesday, affecting access to ChatGPT, social media platform X and several online gaming services. The company, which provides security and traffic management tools used across the internet, said it was working to identify the source of the disruption. Users across Canada, including in Metro Vancouver and parts of Alberta, reported repeated 500 error messages and an inability to load web-based tools that rely on Cloudflare’s infrastructure. The outage also limited access to Cloudflare’s own dashboard and API, which

swedish-royal-visit-begins-in-ottawa-as-canada-highlights-ties-with-nordic-partner

CanadaNov 18, 2025

Swedish royal visit begins in Ottawa as Canada highlights ties with Nordic partner

Sweden’s King Carl XVI Gustaf and Queen Silvia are in Ottawa today as they begin a three-day state visit that includes meetings with federal leaders, military commemorations, and discussions on international security. The visit is the royal couple’s first trip to Canada in nearly two decades and comes at a time when both countries are deepening co-operation through NATO and shared support for Ukraine. The King and Queen were formally welcomed at Rideau Hall this morning by a Canadian delegation that included Chief Justice Richard Wagner. Their program in the capital also features a wreath-

alberta-proposes-law-to-add-citizenship-status-and-health-numbers-to-drivers-licences

AlbertaNov 18, 2025

Alberta proposes law to add citizenship status and health numbers to driver’s licences

Alberta has introduced legislation that would require citizenship status and provincial health numbers to be displayed on all driver’s licences and government ID cards. The proposal formalizes a plan the province first signalled earlier this year, prompting debate about how much personal information should appear on identification used for everyday transactions. Privacy advocates previously warned that the change could expose a person’s citizenship status in routine situations such as age verification at stores or restaurants. Government officials argue the measure will make it easier for

Related News

Report warns Canada risks losing skilled newcomers as early departures persist

Report warns Canada risks losing skilled newcomers as early departures persist

A new analysis from the Institute for Canadian Citizenship suggests Canada continues to face long-term challenges retaining the newcomers it admits each year. The study reports that roughly one in five immigrants leaves the country within 25 years of arrival, with most departures occurring during the first five years. The findings echo concerns raised in recent years by settlement agencies and provincial governments that have been working to improve support for newcomers. The annual “Leaky Bucket” report indicates that departures are most common among highly educated immigrants, including

Swedish royal visit begins in Ottawa as Canada highlights ties with Nordic partner

Swedish royal visit begins in Ottawa as Canada highlights ties with Nordic partner

Sweden’s King Carl XVI Gustaf and Queen Silvia are in Ottawa today as they begin a three-day state visit that includes meetings with federal leaders, military commemorations, and discussions on international security. The visit is the royal couple’s first trip to Canada in nearly two decades and comes at a time when both countries are deepening co-operation through NATO and shared support for Ukraine. The King and Queen were formally welcomed at Rideau Hall this morning by a Canadian delegation that included Chief Justice Richard Wagner. Their program in the capital also features a wreath-

Surrey police ask for public help to find missing 84-year-old man

Surrey police ask for public help to find missing 84-year-old man

Surrey Police Service is asking the public for help to locate 84-year-old Won Kil Kim, who has been missing since early Sunday morning. Police say he was last seen around 7 a.m. on November 16 in the 10300 block of 155A Street in northeast Surrey. Family members told officers Kim had planned to travel to a church in Burnaby before heading to the Grouse Mountain area for a hike, but investigators say it is not clear whether he reached either location. Police note that he may have been carrying two hiking poles, though his clothing is unknown. Kim is described as a Korean man, about five foot fi

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital