The Bank of Canada has warned that the trade war poses a major threat to the Canadian economy, which could increase risks to Canadian financial stability, which would damage banks and other financial institutions and make it difficult for households and businesses to repay loans. In its annual Financial Stability Report released on Thursday, the central bank said that if it had not been for Trump's trade war, the Canadian economy would currently be in a strong position, but now there are concerns that the high level of uncertainty about US trade policy could derail financial markets. The rep

Vancouver firefighters are putting out an urgent reminder to have working smoke detectors after seven people were found in a home unaware that the attic and roof were on fire above them. The fire department says a quick call from a neighbour, combined with firefighters being close by, likely prevented serious harm and property damage. The department says fires grow hotter and faster in modern homes than in any year previous. It says smoke detectors are critical to alert all occupants inside a building of danger.

A pedestrian has been reported dead after being hit by a train in Chilliwack. The incident happened around 9:30 a.m. The RCMP’s Upper Fraser Valley Regional Detachment reported the incident in a social media post. Police said the incident led to the closure of Young Road between Chilliwack Central Road and Alexander Avenue, adding that Broadway, which is between Chilliwack Central Road and First Avenue, was also closed due to the accident.

WestJet has decided to suspend 9 routes between Canada and the US due to low demand, including the Edmonton to Atlanta route. Direct flights to Atlanta will continue until June, after which it will be suspended for the summer. Meanwhile, direct flights from Edmonton to Chicago will not begin until late June. WestJet has also reduced flights from Edmonton to San Francisco, Las Vegas, Los Angeles. Meanwhile, flights on the Vancouver to Austin route, which was scheduled to begin on May 11, have been postponed until October. Spokesperson Josh Yates said that other popular cross-border flights, i

The defense is cross-examining the complainant's statements today in a sexual assault trial involving five former players on Canada's World Junior Hockey Team. One of the lawyers representing Michael McLeod told the court on Tuesday that the complainant asked other players to come to the hotel room after having sex with McLeod. The woman, whose identity is being withheld under a publication ban, said she doesn't remember anything like that and doesn't think she said anything. She previously testified that when the players started coming to her room, she was naked and scared and felt she had

Gas prices in Metro Vancouver rose by 8 cents per litre on Wednesday and are expected to rise further later this week. Petroleum analyst Dan McTeague says prices are expected to rise due to a refinery fire in California. According to him, prices could rise another two cents per litre on Thursday and could touch 174.9 cents per litre. McTeague said the best time to fill up with gas could be in the evening when some pumps reduce their retail margins. Meanwhile, motorists can save 20 cents per litre if they go to the US to fill up with gas, but many people are not doing so in support of the B

A stabbing in Surrey's Whalley neighbourhood has sent one man to hospital in critical condition. Surrey police say the man came to a police station around 4 p-m on Tuesday with serious stab wounds to his torso. Officers provided emergency first aid and the man was taken to hospital by ambulance. Police say that while searching for evidence and witnesses, officers located a person of interest and took them into custody, but it's unknown if there are any other suspects.

Alberta Premier Danielle Smith is urging her Ontario counterpart Doug Ford to mind his own business when it comes to talk of separating from Canada. Smith announced this week that she doesn’t want Alberta to leave Canada but, if enough residents sign a petition asking for a referendum on it, she’ll make sure it’s put to a vote in 2026. Ford, without mentioning Smith by name, says Canadian unity is critical as the country engages in a tariff fight with the United States and now is not the time to threaten to quit the country. Asked about his comment, Smith says she has a great friendship

Residents in rural areas northeast of Edmonton have been ordered to leave their homes because of separate wildfires. Thorhild County has issued a state of local emergency and an evacuation order for an area south of the hamlet of Radway, Alta., while Athabasca County has issued an evacuation order for an area south of the village of Boyle, Alta. The village has declared a state of local emergency and is under an evacuation alert, with residents being told to prepare to leave by packing a bag for the next 72 hours. Athabasca County is directing its evacuees to a reception centre at Parkland