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A man out on a release order has been charged in connection with nine bank robberies over the past three months, at least six of which resulted in cash being stolen, Toronto police say. Police said between Nov. 4 and Jan. 30, officers responded to seven robbery and hold-up calls …
Read More »Bank of Canada not ready to hit the brakes on rate hikes yet, economists say – National
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy is softening. Canada’s central bank is expected to announce its eighth consecutive rate increase on Wednesday, with most commercial …
Read More »15-year-old boy charged in series of pharmacy, bank robberies in Toronto area – Toronto
Toronto police say a teenager is facing a long list of charges in connection with multiple pharmacy robberies and one bank robbery across the Greater Toronto Area. Police said over a 2.5-month period, between Sept. 3 and Nov. 21, officers across multiple jurisdictions, including Toronto and Peel and Halton regions, …
Read More »Scrooge the Ticket campaign wraps up 8th year with big donation to Innisfil Food Bank – Barrie
The Town of Innisfil, Ont., is wrapping up its festive ticketing campaign with a decent donation for those in need over the holiday season. The towns launched the annual Scrooge the Ticket campaign on Nov. 14, and it ran until Nov. 28. Residents with an outstanding parking fine during that …
Read More »Bank of Canada governor to deliver year-end remarks as interest rates soar
The remarks come after the central bank hiked its key interest rate by half a percentage point on Wednesday, bringing it to 4.25 per cent. News Source link
Read More »The Bank of Canada is warning Canadians to brace for a rough winter
For years now, central banks around the world have helped consumers and businesses weather economic storms. In crisis after crisis, they cut interest rates to help people get through. They printed money and bought bonds to prop up markets. This time, those same banks are actively making life more difficult. “I’m sure …
Read More »Food bank usage across Canada hit all-time high, report says
The number of people using food banks across the country surged to an all-time high earlier this year, with high inflation and low social assistance rates cited as key factors in the rise, a new report from Food Banks Canada indicates. The annual report released Thursday said there were nearly …
Read More »5 Palestinians killed after Israeli troops raid gunmen’s West Bank hideout
Israeli forces raided a stronghold of an armed group in the occupied West Bank’s second-largest city, blowing up an explosives lab and engaging in a firefight, the military said Tuesday. Five Palestinians were killed and 20 were wounded, according to the Palestinian Health Ministry. The overnight raid in the old …
Read More »Lebanon hit with 5 bank holdups as desperate customers demand their own money
Five Lebanese banks were held up by depositors seeking access to their own money frozen in the banking system on Friday in a spiralling spate of holdups this week spurred by frustration over a financial implosion with no end in sight. A total of seven banks have been held up …
Read More »Why it is so hard for the Bank of Canada to crush inflation
Those who think central bankers are powerful and manipulative might ask themselves why people like senior deputy governor Carolyn Rogers don’t just snap their fingers and make inflation go away. The Bank of Canada officials have declared they will be “resolute” in crushing inflation, squeezing it down to the bank’s …
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