Seven stories in the news today:
BANK OF CANADA TO MAKE INTEREST RATE ANNOUNCEMENT
The Bank of Canada is expected to keep its key interest rate of 0.5 per cent on hold when it makes its latest pronouncement this morning. But economists will be scrutinizing the central bank’s statement for clues about how it views the economy. The last time the Bank of Canada made a rate announcement it raised its expectations for economic growth in its monetary policy report.
CRITICS SAY FINTRAC IS LAX ON REAL ESTATE FIRMS
Critics say Ottawa needs to beef up its efforts to combat money laundering in the real estate industry. Documents have revealed that dozens of companies haven’t shown how they’re trying to detect questionable transactions. The Canadian Press reported this week that at least 85 firms have not fully implemented compliance plans intended to flag questionable transactions nearly 15 years after they were legally required to do so.
NO VOID ON ASSISTED DYING IF FEDS MISS DEADLINE
Medical regulators in every province have issued detailed guidelines doctors must follow to help suffering patients end their lives once Canada’s ban on medically assisted dying is formally lifted next month. And most of those guidelines impose safeguards similar to —or even more stringent than — those included in the federal government’s proposed new law on assisted death.
B.C. SERIAL KILLER TO APPEAL HIS CONVICTIONS
A lawyer for a man convicted of murdering three women and a teenage girl in central British Columbia goes before the Court of Appeal today asking to overturn the convictions. Cody Legebokoff was sentenced to life in prison with no chance of parole for 25 years by a Prince George judge in September 2014.
WARM, BUT UNSETTLED WEATHER IN THE SUMMER FORECAST
The Weather Network is forecasting a warm summer for the majority of Canadians but warns that rainfall will be “highly variable,” bringing rapidly developing electrical storms to certain areas at times. Chief meteorologist Chris Scott says it’s not going to rain much more than average anywhere in the country, but when it rains, it’ll likely pour.
GREENPEACE BROKERS HALT COD FISHING EXPANSION
Greenpeace says it has brokered an agreement between two major fishing groups and a number of major fish processors and retailers to prevent fishing for cod in a part of the Arctic Ocean where it has not been sourced from previously. Fiskebat, the Norwegian Fishing Vessel Owners Association, and Russia’s Karat Group have agreed not to fish for cod in what’s been designated by the United Nations in part of the Arctic and Atlantic oceans north of Europe.
TRIO OF LAWREN HARRIS PAINTINGS UP FOR SALE
A trio of paintings by Group of Seven member Lawren Harris are slated for sale tonight at an auction in Vancouver. The Heffel Fine Art Auction House says Harris’s canvas “Laurentian Landscape” is expected to fetch between $1.2 million and $1.6 million.