'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
In a first for the Bank of Canada, it has released a summary of deliberations by its governing council regarding its policy decision to raise its key interest rate target by a quarter of a percentage point to 4.5 per cent in January.
The bank's governing council -- made up of governor Tiff Macklem, senior deputy governor Carolyn Rogers and three deputy governors -- met several times in the week before the rate decision was announced Jan. 25.
Here are five key takeaways from those discussions:
The Bank of Canada's governing council discussed two options: whether to leave its policy rate unchanged or to increase it by a quarter of a percentage point. The case for raising the rate was based on the fact that developments in the economy since the previous decision on Dec. 7 had been quite strong, as well as risks that inflation could get stuck somewhere above two per cent.
The meetings included discussion about whether the central bank should maintain similar language as its previous policy statement, or signal a pause in rate hikes. The Bank of Canada decided on new language that signalled a pause while it assessed the affect of its rate hikes on the economy and inflation.
The Bank of Canada says there was concern that the effects of tighter monetary policy could be larger than expected when it comes to the housing market. It said this could arise if the drop in home prices was to accelerate.
At the same time, the governing council recognized that continued strong immigration and household formation would provide underlying support for the housing market. Expectations of future monetary policy easing could also spur buyers to re-enter the market.
The governing council discussed that while several factors were combining to bring inflation down there was a risk of it becoming stuck materially above its two per cent target. It noted persistent supply chain challenges, services price inflation, wage growth and inflation expectations could all keep inflation above the target. It noted a rebound in oil prices could also push inflation back up again.
The governing council members expect the euro area will move into a mild recession, despite its surprising resilience. Risks related to the war in Ukraine continued to create uncertainty and higher interest rates were weighing on growth. The council also noted that oil prices could go higher because of China's reopening. It noted that if Chinese demand were to rebound by more than anticipated, oil prices could rise and put fresh pressure on inflation.
This report by The Canadian Press was first published Feb. 8, 2023.
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
Police have released video footage of a dramatic takedown of a group of teens wanted in connection with an attempted carjacking in Markham earlier this month.
Hospital chaplain J.S. Park opens up about death, grief and hearing thousands of last words, and shares his advice for the living.
Group of Seven foreign ministers warned of new sanctions against Iran on Friday for its drone and missile attack on Israel, and urged both sides to avoid an escalation of the conflict.
The World Health Organization is likely to issue a wider warning about contaminated Johnson and Johnson-made children's cough syrup found in Nigeria last week, it said in an email.
Several Nova Scotia groups that assist women are speaking out against comments on domestic violence by Justice Minister Brad Johns, and at least one is calling for his dismissal.
Every good wedding has to have one teensy, tiny crisis.
A woman who recently moved to Canada from India was searching for a job when she got caught in an online job scam and lost $15,000.
More money will land in the pockets of some Canadian families on Friday for the latest Canada Child Benefit installment.
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a grade four student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.
When Les Robertson was walking home from the gym in North Vancouver's Lower Lonsdale neighbourhood three weeks ago, he did a double take. Standing near a burrow it had dug in a vacant lot near East 1st Street and St. Georges Avenue was a yellow-bellied marmot.
A moulting seal who was relocated after drawing daily crowds of onlookers in Greater Victoria has made a surprise return, after what officials described as an 'astonishing' six-day journey.
Just steps from Parliament Hill is a barber shop that for the last 100 years has catered to everyone from prime ministers to tourists.
A high score on a Foo Fighters pinball machine has Edmonton player Dave Formenti on a high.
A compound used to treat sour gas that's been linked to fertility issues in cattle has been found throughout groundwater in the Prairies, according to a new study.