In the news of January 25: Will the Bank of Canada raise interest rates again?

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In The News is a collection of stories from The Canadian Press to help you start your day. Here’s what our editors have on their radar as of Wednesday morning, January 25, 2023…

What we are observing in Canada…

The Bank of Canada will announce its latest interest rate decision this morning as markets generally expect the central bank to raise interest rates by a quarter point.

This raises the main interest rate to 4.5 percent, the highest since 2007.

The Bank of Canada has raised interest rates seven times since March amid decades of high inflation.

Economists expect today’s rate hike to be the end of the cycle.

Since there is a delay between rate increases and their impact on spending, the Bank of Canada is expected to monitor how the economy is developing in the coming months.

That too…

Prime Minister Justin Trudeau and Canadian Prime Ministers are due to meet in Ottawa next month to negotiate a new health care funding deal.

Two federal sources, who spoke on condition of anonymity because they were not authorized to speak publicly on the matter, said Trudeau would announce the meeting this morning.

The Prime Minister and his Cabinet are in Hamilton, Ontario for the third and final day of retreat. before Parliament returns next week.

The ongoing negotiations for a new health care financing pact were the focus during the retreat.

The sources said that the meeting is not intended to finalize a new pact but rather to solidify the necessary steps to reach such an agreement.

A spokesman for the Premier of British Columbia David Eby told The Canadian Press that the Premiers will be in Ottawa for a meeting between February 12 and 13 and that Trudeau is invited to join them.

For months, the prime ministers and the federal government have been struggling to come up with a new agreement.

Canada’s health care system is stretched to breaking point after three years of COVID-19 and a growing shortage of health care workers.

And the …

The House of Commons Industry and Technology Committee will meet today to consider the proposed acquisition of Shaw Communications Inc by Rogers Communications Inc.

The committee had previously reviewed the merger in March and advised against the transaction.

At this most recent meeting, a revised proposal allowing the sale of Shaw’s Freedom Mobile to Quebecor’s Videotron Ltd. will be considered.

Speakers at the meeting will include members of the competition office, outside competition experts and company representatives, including Tony Staffieri, CEO of Rogers.

The meeting comes a day after the federal appeals court rejected an appeal by the competition office to reverse the competition court’s approval of the deal.

What we are seeing in the United States…

Officials say a farm worker has killed seven people in back-to-back shootings at two mushroom farms in Northern California and the massacre is believed to be a “violent workplace incident.”

The state mourns its third mass killing in eight days. Officers arrested a suspect in Monday’s latest shooting, 66-year-old Chunli Zhao, after finding him in his car in a sheriff’s substation parking lot.

The sheriff’s office says seven people have been found dead and eight people injured at farms on the outskirts of the coastal community of Half Moon Bay.

What we are observing in the rest of the world…

The parents of a New Zealand scientist who was killed in Ukraine said on Wednesday that he helped save hundreds of people while volunteering in the dangerous Donbass region.

Andrew Bagshaw, 47 years old, a citizen of New Zealand and an Englishman, was killed together with his British colleague Chris Parry, 28 years old, while he was trying to save an elderly woman from the town of Soledar when her car was hit by a shell. -artillery, said Bagshaw’s parents, lady. Sue and Phil Bagshaw.

The Bagshaws said the deaths, which occurred sometime this month, have only just been confirmed to them.

They said that their son works independently and is not affiliated with any charity. They said he helped evacuate people from dangerous areas and brought food, water and medicine to others in need. They said he even feeds abandoned pets.

Soledar has seen intense military action, and Russia this month declared it had retaken the salt mining town in a rare recent victory in the 11-month conflict.

And the …

Pope Francis said that the laws that criminalize homosexuality are “unjust” and said that God loves all his children as they are.

He urged the Catholic bishops who support the legislation to welcome LGBTQ people into the church. In an interview with The Associated Press on Tuesday, Francis acknowledged that in some parts of the world, including Africa and the Middle East, Catholic bishops support laws that criminalize homosexuality or discriminate against LGBTQ community.

He attributed their attitudes to cultural influences and said that they need to go through a process of change to recognize the dignity of everyone.

On this day in 1978…

Four women in Dubuque, Iowa – despite amazing odds – got perfect bridge hands in the same game, allowing spades to be the true perfect hand.

While entertaining…

An Australian government minister says rapper Ye could be denied a visa if he tries to visit Australia because of anti-Semitic comments.

Education Secretary Jason Clare was responding to reports that the American star formerly known as Kanye West was planning to visit his partner’s family in Australia next week. Clare says he does not know if Ye has applied for a visa, but Australia has previously refused it to people with anti-Semitic views.

Ye praised Hitler in a recent interview and was suspended from Twitter after tweeting an image of a swastika combined with the Star of David.

The Yes representative did not respond to AP’s questions about whether he married Australian Bianca Censori.

Did you see that?

Halifax Regional Council today voted to list the former home of Clement Ligoure, Halifax’s first black doctor, as a Nova Scotia heritage site and an unsung hero of the Halifax boom in 1917.

Originally from Trinidad, Ligoure graduated from Queen’s University in Kingston, Ontario with a medical degree in 1916 and later became the editor of Nova Scotia’s first black newspaper, the Atlantic Advocate.

Ligoure set up a private clinic in his home north of Halifax after being denied hospital privileges.

On December 6, 1917, a collision in Halifax Harbor between two warships caused a massive explosion, killing nearly 2,000 and injuring another 9,000.

In the following weeks, Ligoure worked day and night in the clinic and in the devastated streets of the city, where he treated hundreds of victims of the explosion.

Community activists feared his former home would be demolished to make way for new development, but the Grade I listed designation should protect it for years to come.

This report by The Canadian Press was first published on January 25, 2023

The Canadian Press


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