IMF Says Canada Achieved A ‘Soft Landing’ With Inflation

The International Monetary Fund (IMF) says the Canadian economy appears to have achieved a “soft landing” when it comes to taming inflation. A so called “soft landing” refers to a situation where elevated interest rates lower inflation without causing an economy to fall into recession.Central banks around the world have been trying to orchestrate a soft landing for their respective economies ever since inflation spiked coming out of the Covid-19 pandemic. The latest inflation reading in Canada for June showed that consumer prices rose an annualized 2.7%, which is within the 1% to 3…

Severe thunderstorm watch in place for Ottawa

A severe thunderstorm watch was issued for the Ottawa region by Environment Canada. An updated advisory at 4:29 p.m. Tuesday said conditions were favourable for the development of “dangerous thunderstorms that may be capable of producing strong wind gusts and torrential rain.” The possible hazards included wind gusts of as much as 90 km/h and […]

Heat wave hard on Kelowna’s homeless

The extremely hot temperatures Kelowna has seen over the last several weeks have started to impact people who are living outside.Kelowna’s Gospel Mission says roughly 260 people are living outdoors in Kelowna, with just over 100 of those individuals camped out at Kelowna’s rail trail.Outreac…