Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Britain's inflation rate rose to a new 40-year high of 10.1 per cent in July, a faster pace than in the U.S. and Europe as climbing food prices in the United Kingdom tightened a cost-of-living squeeze fuelled by the soaring cost of energy.
The double-digit surge in consumer prices over a year earlier was higher than analysts' central forecast of 9.8 per cent and a jump from the annual rate of 9.4 per cent in June, the Office for National Statistics said Wednesday. The increase was largely due to rising prices for food and staples, including toilet paper and toothbrushes, it said.
Most economists believe worse is to come. The Bank of England says soaring natural gas prices are likely to drive consumer price inflation to 13.3 per cent in October. It says that will push Britain into a recession that is expected to last through 2023.
Those pressures persuaded the bank to boost its key interest rate by half a percentage point this month, the biggest of six consecutive increases since December. The rate now stands at 1.75 per cent, the highest since the depths of the global financial crisis in late 2008.
"We expect another 50bp (basis points) rate hike in September," said James Smith, developed markets economist and ING Economics. "We wouldn't rule out another hike in November."
Inflation is surging in many countries as Russia's war in Ukraine has triggered unprecedented increases in energy prices worldwide. Russia has reduced natural gas shipments to Europe in retaliation for the West's support of Ukraine, creating a crisis for the fossil fuel that powers factories and heats homes in the winter.
The gas woes are threatening a recession in the 19 countries sharing the euro currency, where inflation hit a record 8.9 per cent in July. The United States has already seen two quarters of economic contraction, intensifying fears of a recession. U.S. inflation eased somewhat to 8.5 per cent in July but is still near a four-decade high.
"I understand that times are tough, and people are worried about increases in prices that countries around the world are facing," U.K. Treasury chief Nadhim Zahawi said.
"Although there are no easy solutions, we are helping where we can," he said, including with a 400-pound (US$483) payment to households facing rocketing energy bills.
Britain's Conservative government is under pressure to do even more to help people cope with the cost-of-living crisis. The average U.K. household fuel bill has risen more than 50 per cent this year, and another increase is due in October, when the average bill is forecast to hit 3,500 pounds (US$4,300) a year.
Prime Minister Boris Johnson is due to leave office next month and says any new measures must be left to his successor. The favourite to replace him, Foreign Secretary Liz Truss, is opposed to major intervention, saying she favours tax cuts over "handouts."
The other contender, former Treasury chief Rishi Sunak, introduced a 25 per cent windfall tax on oil and gas companies' profits in May that is expected to raise several billion pounds to help fund payments for people with rising utility costs. Opposition politicians want the tax expanded to electricity firms -- a move Truss firmly opposes, saying, "I don't think profit is a dirty word."
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.