B.C. tenants evicted for landlord's use after refusing large rent increase to take over neighbouring suite
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
A senior European Central Bank official says that raising interest rates prematurely could "choke off the recovery," comments that come as inflation in the 19-nation euro area has hit a record rate.
The European Union's statistical office said Jan. 7 that the annual inflation rate rose to 5% in December -- the highest level in the eurozone since recordkeeping began in 1997, breaking the previous record of 4.9% from November.
That compounded pressure for the ECB to act on inflation since it has kept interest rates ultra-low to stimulate an economy recovering from the depths of the pandemic. At present, analysts don't expect the bank to raise rates until 2023.
In an interview with Saturday's edition of German daily Sueddeutsche Zeitung, ECB executive board member Isabel Schnabel stressed the bank's expectation "that inflation will fall significantly over the medium term."
"That is why we are not raising interest rates now, as some are calling for," she said.
The ECB's projections foresee medium-term inflation even falling below the bank's target of 2%, though there is currently "great uncertainty" over the outlook, she added.
"That is why we should not raise interest rates prematurely, as that could potentially choke off the recovery," Schnabel said. "But we will act quickly and decisively if we conclude that inflation may settle above 2%."
She acknowledged, however, that the bank views the current year-on-year figures "with some concern, as they are higher than we initially expected." But she noted that, calculated over a longer period, inflation has not increased as much as they suggest.
Inflation is traditionally a particularly acute concern in Schnabel's native Germany, which has Europe's biggest economy.
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
MPP Sarah Jama was asked to leave the Legislative Assembly of Ontario by House Speaker Ted Arnott on Thursday for wearing a keffiyeh, a garment which has been banned at Queen’s Park.
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
As Donald Trump was running for president in 2016, his old friend at the National Enquirer was scooping up potentially damaging stories about the candidate and paying out tens of thousands of dollars to keep them from the public eye.
After Prime Minister Justin Trudeau said the federal government would still send Canada Carbon Rebate cheques to Saskatchewan residents, despite Saskatchewan Premier Scott Moe's decision to stop collecting the carbon tax on natural gas or home heating, questions were raised about whether other provinces would follow suit. CTV News reached out across the country and here's what we found out.
A Montreal actress, who has previously detailed incidents she had with disgraced Hollywood producer Harvey Weinstein, says a New York Court of Appeals decision overturning his 2020 rape conviction is 'discouraging' but not surprising.
Caleb Williams is heading to the Windy City, aiming to become the franchise quarterback Chicago has sought for decades.
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A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
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.