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Seven stories in Canada we’re watching

In the news today: Bank announcement, a warning from Harper and CMHC housing starts


 

BoC Policy Report 20150121

Seven stories in the news today, Sept. 9:

BANK OF CANADA EXPECTED TO HOLD RATE STEADY

The Bank of Canada is scheduled to make its latest pronouncements on the economy and interest rates this morning. The consensus of economists is that the central bank will keep its trend-setting policy rate unchanged at 0.5 per cent. Update: The bank did just that. Read the full story here.

HARPER DELIVERS STARK WARNING

Polls suggesting the main federal parties are all still in this election have their leaders confronting the scenarios that could follow the Oct. 19 vote. For Prime Minister Stephen Harper, that meant his starkest warning yet about the fates that could be in store for voters who stray from the Conservative path. “We are fighting for — and we believe there will be — a Conservative government. But the reality is that this is a real choice for Canadians, and an NDP government or a Liberal government are real possibilities,” he said.

 

SURVEY CONFIRMS DOUR EMPLOYEE OUTLOOK

A new survey suggests many Canadians are pessimistic about their financial futures and expect to work longer than originally planned before retiring. According to the survey, released by the Canadian Payroll Association, three-quarters of working Canadians polled reporting having put aside less than 25 per cent of the money they expect to need in retirement.

REFUGEE DISCUSSION MISSES MONEY QUESTION

As British Columbia joins other provinces pledging support for displaced Syrians, an immigration expert says calls for Canada to accept more refugees fail to address the crucial question of who would foot the bill. University of Toronto sociology professor Monica Boyd said such requests amount to asking the federal government to pay the tab _ about $35,000 per refugee family in the first year.

DENNIS OLAND PLEADS NOT GUILTY

Dennis Oland has pleaded not guilty to the second-degree murder of his father, whose family built one of the Maritimes’ most successful breweries. Oland, 46, entered his plea Tuesday. Richard Oland was 69 when he was found dead in his office in Saint John on July 7, 2011. The trial is scheduled to begin Sept. 16 and is expected to last 65 days.

TEEN PUSHED INTO BUS: WITNESS

An 18-year-old who died after he was hit by a school bus outside a high school last winter in Sydney, N.S., was pushed and fell over a snowbank into the path of the vehicle, a teenager testified Tuesday at another boy’s trial for criminal negligence causing death. The boy was the first witness to testify at the trial of the 15-year-old on what happened before the incident on Feb. 11 outside Sydney Academy.

COUNTRY STARS HEADED TO HALIFAX

Canada’s country stars are headed to Halifax for the Canadian Country Music Association Awards on Sunday. It could be a big night for the 40-year-old Dean Brody, who is at the top of the pack with seven nominations including album of the year for his fifth studio album “Gypsy Road,” video of the year for his single “Upside Down” and male artist of the year.

ALSO IN THE NEWS TODAY

Canada Mortgage and Housing Corp. releases housing starts for August.

Statistics Canada updates building permits for July and university tuition fees

Top banking executives will participate in the Scotiabank Financials Summit 2015 in Toronto.

Alberta Environment Minister Shannon Phillips to deliver keynote address at the Pembina Institute 2015 climate summit.


 
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