The Bank of Canada held its key interest rate steady at five per cent today, noting there are clearer signs of the economy cooling and inflation easing.However, it warns that it is prepared to increase rates further if necessary.The central bank says it's still concerned that price growth is easing too slowly and that the inflation rate has been volatile in recent months.Forecasters widely expected the rate hold as economic data suggests high interest rates are already causing an economic pullback.New economic projections released by the central bank suggest economic growth will continue to be

Federal Court verbally approved $23B First Nations child-welfare settlement.The funding will help offset chronic underfunding of on-reserve child-welfare services by the federal government to more than 300,000 First Nations children and their families.The Assembly of First Nations and the First Nations Child and Family Caring Society first filed this complaint with Human Rights in 2007.In September 2019, the Canada Human Rights Tribunal ruled that the federal government did not adequately fund Child and Family Services, which inadvertently and negligently discriminated against First Nations ch

The ongoing war between Israel and Hamas has entered its 19th day.World Health Organization has said that 6 hospitals in Gaza had to be closed due to lack of fuel.Of these, 1,000 people are on dialysis, while 130 are premature children.If the condition does not improve, the patients may die in the ICU.So far, a total of 54 trucks have reached Gaza with relief materials.The problem is that none of them had fuel, but water has been sent along with medicines and food items.Another 250 trucks will arrive this week, but it is not clear whether petrol and diesel will be sent in them.Ministry of Heal

A House of Commons committee is asking the heads of Canada's major grocery chains to explain their plans to stabilize food prices.The committee passed an NDP motion on Thursday to invite the grocery executives, and summon them if necessary, to testify about the measures their companies are taking to address food inflation.This comes after Industry Minister Francois-Philippe Champagne announced the companies have presented plans to the government to tackle rising prices, which he says include discounts, price freezes and price-matching campaigns.However, most grocers have not confirmed details

Bank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution's independence.The premiers of Ontario, British Columbia and Newfoundland and Labrador wrote to Macklem ahead of the Bank of Canada's Sept. 6 rate decision, outlining concerns about the effects of higher rates on their residents and asking the central bank not to raise its key rate further.In a Sept. 13 letter, Macklem warned that instructions or requests from elected officials could give the impression that the Bank

Defence Minister Bill Blair says Hamas is a terrorist organization that is a threat to the whole world and must be "eliminated." Blair also says he has no expectation that Hamas would respect international law, including any agreement on a ceasefire. His comments are the furthest any Canadian minister has gone in explaining why Canada does not support calls for a ceasefire. The defence minister also appeared unwilling to back more recent calls for a "humanitarian pause," but says there are talks underway to get more aid into the Gaza Strip. More than one million Palestinians have been displace

The Sault Ste. Marie Police Service says officers first discovered the body of a 41-year-old around 10:20 p.m. Monday after someone called to report a break-and-enter at a home.They say the shooter appeared to have fled and about 10 minutes later, police received another call for someone with a weapon at a home about three kilometres north from the previous residence.Police say they found three children aged six, seven and twelve dead in that second home and a 45-year-old who was injured with a gunshot wound.They say officers also found the 44-year-old shooter, who appeared to have died after

Global Affairs Canada says there's a social media campaign connected to the People's Republic of China is targeting dozens of MPs with spam.The department says a bot network known as "Spamouflage" began spreading propaganda and disinformation messages across Facebook and X in early August.Global Affairs says the bot network left thousands of comments in English and French on the accounts of MPs claiming a critic of the Chinese Communist Party in Canada accused the various MPs of criminal and ethical violations.It says the messages appeared across the political spectrum, even appearing on the a

Edmonton continues to experience light snow overnight and into this morning.The first snowfall of the season across much of central and southern Alberta Monday morning left some roads and highways in poor condition.Early morning traffic in Edmonton was slow and slippery.Special Weather Snow Warnings were issued by Environment Canada yesterday for central and southern Alberta.A total of two to five centimeters of snow is expected by Monday evening.Innisfail RCMP reported very poor conditions on the QEII highway and drivers were asked to avoid the area entirely.