Bank of Canada expected to raise key interest rate to 2.25% as inflation soars

WASHINGTON - President Joe Biden and first lady Jill Biden arrived in Kentucky on Monday to meet with families and view damage from storms that have resulted in the worst flooding in Kentucky's history.At least 37 people have died since last month's deluge, which dropped 8 to 10 1/2 inches of rain in only 48 hours. The National Weather Service said Sunday that flooding remains a threat, warning of more thunderstorms through Thursday.The Bidens were greeted warmly by Gov.

PHILADELPHIA - Police are trying to piece together the circumstances of a shooting that left three women hospitalized this weekend.The victims were struck by gunfire on the 1300 block of North Newkirk Street, in Brewerytown, around 2:14 a.m.

FILE-The Central Intelligence Agency (CIA) seal is displayed in the lobby of CIA Headquarters in Langley, Virginia. (SAUL LOEB/AFP via Getty Images) WASHINGTON - In a recent closed-door meeting with leaders of the agency’s counterterrorism center, the CIA’s No.

FILE - File image of crime scene tape. (FOX TV Stations)KENNETT SQUARE, Pa. - A man and a woman were found dead with gunshot wounds in Kennet Square, according to the police. Authorities say police and EMS arrived on the 100 block of Kaolin Road on Saturday.They found an 87-year-old man and a 65-year-old woman dead from gunshot wounds, police say. According to authorities, a gun was recovered at the scene and no other people were inside the house. MORE LOCAL HEADLINESOfficials say the man was a dementia patient and the woman was a home health worker who assisted him around the house. Police believe the incident is isolated and may be a murder-suicide, according to officials. According to authorities, police are reviewing home security cameras. "thank you to Kennett Township Police and all first responders for ensuring that everyone in the area of this sad incident was safe," Chester County District Attorney Deb Ryan said.

Police seeking burglary suspect. PHILADELPHIA - Police have released the photo of a man they say is responsible for a string of burglaries that resulted in more than $10,000 being stolen.Three Philadelphia restaurants reportedly became the victims of a crime spree that only lasted a few hours.On August 4, police say the suspect stole a reported $8,000 from Evo Brick Oven Pizza on Mount Pleasant Avenue around 12:30 a.m.Surveillance footage reportedly showed the suspect breaking into the restaurant's basement, robbing the register and leaving with two stolen safes.Just two hours later, police say $2,100 was stolen from High Point Cafe on Carpenter Lane by the same man.

NEW DELHI : As the season of festivals approach with, so does the surging number of fresh Covid-19 cases in the country. India on Monday, 8 August, reported 6,167 new Covid-19 cases and 41 deaths in twenty four hours. National Capital Delhi and finance capital Mumbai has also began reporting an alarming surge in Covid-19 cases.

A woman, identified as “Thankful-Thankful,” was very grateful that a dream resulted in a $25,000 Pick 5 prize in Maryland. (Credit: Maryland Lottery) BALTIMORE - A woman in Maryland is "thankful, thankful" after winning a $25,000 lottery prize based on numbers from her sister’s dream. The lucky lady was only identified as "Thankful-Thankful," a 68-year-old resident of the Baltimore suburb Cockeysville.

BRUNSWICK, GEORGIA - JANUARY 07: Travis McMichael, left, speaks with his attorney Jason B. Sheffield during the sentencing of he and his father Greg McMichael and neighbor, William "Roddie" Bryan in the Glynn County Courthouse, on January 7, 2022 in SAVANNAH, Ga. - The white man who fatally shot Ahmaud Arbery after chasing the running Black man in a Georgia neighborhood says he fears he will be killed by fellow inmates if he's sent to a state prison to serve a life sentence for murder.Travis McMichael, 36, faces sentencing Monday in U.S.

PHILADELPHIA - An encampment that was established to protest the sale of The University City Townhomes, one of the last remaining affordable housing units in West Philadelphia, has been shut down by police. On Friday, a Philadelphia judge said the encampment must be disassembled by Monday at 9 a.m., but residents said they would not budge as the city scrambled to find suitable alternatives. By Monday, the encampment was still set up as residents protested. Residents of an affordable housing unit in West Philadelphia are protesting the sale of the building by staying in an encampment on the property. FOX 29's Hank Flynn has the story.PREVIOUS: Residents protest possible sale of Philadelphia affordable housing as Monday deadline loomsThe property owner, IBID Associates, has been part of the federal housing assistance program for decades but is now selling the land for redevelopment, something the neighborhood has seen a lot of recently. Marie, a woman who has lived at The University City Townhomes for more than two decades, told FOX 29's Hank Flynn that she would fight for her home. She says if residents cannot stay there, accommodations must be made for them.

Delhi NCR residents with symptoms are missing from officially reported case figures as they skip taking the Covid test or opt for at-home antigen test. The survey found that of those who had Covid symptoms in Delhi-NCR in the last 30 days, only 12% took a RT-PCR.  The survey was conducted in the past 30 days. A questionnaire was given to people as part of the survey which received 10,821 responses.

Teen shot in North Philadelphia.

Environment Canada has extended heat warnings in a number of provinces, as unseasonably hot conditions continue across the country.

GRAND RAPIDS, Mich. (AP) - Two men accused of crafting a plan to kidnap Michigan Gov. Gretchen Whitmer in 2020 and ignite a national rebellion are facing a second trial this week, months after a jury couldn’t reach a verdict on the pair while acquitting two others.The result in April was a blow to federal prosecutors, who had set out to show that extremists were committed to snatching Whitmer and causing chaos close to the election between Joe Biden and then-President Donald Trump.The trial of Adam Fox and Barry Croft Jr.

cricket star Tahlia McGrath didn't seem too bothered about her positive Covid test as she celebrated winning gold at the Commonwealth Games by hugging teammates.However, the decision to play her has come under fire from critics given the country's apparent hardline stance over the virus, which saw Novak Djokovic barred from playing the Australian Open in January over his refusal to be vaccinated. Furthermore, those who test positive down under are still required to isolate for a mandatory seven-day period.That is no longer the case in the UK though, with McGrath, 26, waking up the morning of Sunday's final with mild symptoms.

GLYNN COUNTY, Ga. - Months after they were sentenced to life in prison for murder, the three white men who chased and killed Ahmaud Arbery in a Georgia neighborhood faced a second round of criminal penalties Monday for federal hate crimes committed in the deadly pursuit of the 25-year-old Black man.U.S. District Court Judge Lisa Godbey Wood scheduled back-to-back hearings to individually sentence each of the defendants, starting with Travis McMichael, who blasted Arbery with a shotgun after the street chase initiated by his father and joined by a neighbor.Arbery’s killing on Feb.

NASA says there have been plenty of accomplishments that will keep scientists busy for years to come.Instruments on the Rover have taken almost half a million images and analyzed dozens of terrain samples. The treasure-trove of data has resulted in more than 800 research papers, many with the common theme that try to answer the age-old question: Does life exist beyond Earth?Curiosity is the largest rover ever sent to Mars. (NASA) During the decade at its new home, the rover has made plenty of discoveries that have furthered scientists’ knowledge about solar system.Many of the findings have come through the use of the Sample Analysis at Mars tool, otherwise known as SAM.SAM is made up instruments that measure a collected sample’s composition.Through drilling, the rover has found carbon, oxygen, hydrogen and other elements that are considered the building blocks of life.SAM is made up of instruments that search for and measure organic chemicals.

Deal would help CVS fulfill its ambition to become even bigger provider of medical services CVS Health Corp.

nuclear weapons buildup and as fears grow of another such attack amid Russia’s war on Ukraine.“Nuclear weapons are nonsense. They guarantee no safety _ only death and destruction,” said U.N. Secretary General Antonio Guterres, who joined the prayer at the Hiroshima Peace Park.“Three quarters of a century later, we must ask what we’ve learned from the mushroom cloud that swelled above this city in 1945,” he said.

PHILADELPHIA - Police say a traffic stop ended with an officer being hit and a suspect fleeing the scene early Monday morning.The officer reportedly noticed a gun in the car while pulling over the suspect on the 3500 block of 22nd Street in North Philadelphia.While trying to drive off, the suspect allegedly struck the officer with an open car door.MORE HEADLINES:Police say the suspect then fled on foot, and has not been apprehended.The condition of the officer is not known at this time.

NESCOPECK, Pa. - Authorities say at least half of the 10 people found dead after an early morning fire in northeastern Pennsylvania died of smoke inhalation.The Luzerne County coroner's office said autopsies on the victims of the early Friday blaze in Nescopeck began Saturday. Examinations by Dr.

FILE - American Airlines Boeing 787 Dreamliner passenger aircraft as seen flying, landing, touching down and taxiing at Athens International Airport ATH Eleftherios Venizelos in Athens, Greece in July 2022. (Photo by Nicolas Economou/NurPhoto via Get American Airlines has taken steps to reduce its overall September system capacity, including at Philadelphia International Airport. The airline told FOX Business in an email on Friday that changes – based on available resources – were made to build an additional buffer into the remainder of its summer schedule and with the goal of moving customers to different flights. It said that adjustments to its October schedule implemented last week were similar to others made in recent months.The airline said it would still offer customers the "largest network of any U.S.

Spain’s tourism industry is urging the country’s government to remove all entry requirements for UK visitors as the summer holiday season is underway. It comes as France was the most recent country to remove all Covid rules for Brits last week.

Man dies after being struck by car in Northeast Philadelphia.  PHILADELPHIA - A car struck and killed a man in Northeast Philadelphia Saturday night - despite a passerby's attempt to save his life.Police say a car was driving on Grant Avenue when he hit a 39-year-old man sitting in the left lane near Blue Grass Road.The driver reportedly tried to brake, but still struck the victim, throwing him over several lanes.A passerby attempted life-saving measures by applying a tourniquet to the victim's leg as he laid unresponsive on the road, according to police.MORE HEADLINES:He was pronounced dead on the scene by medics.The driver, a 20-year-old man, was not injured, and no charges have been filed at this time.Police are currently investigating the fatal crash.

PHILADELPHIA - The Phillies replayed highlights from Mike Schmidt, Steve Carlton and Pete Rose and all the big plays from the 1980 World Series championship team on the big screen. The occasion was a celebration of the first World Series winner in franchise history, yes, but it couldn't help but serve as a reminder of just what might lie ahead for this year's team.The Phillies noticed.

Scientists are warning over a potential new Covid variant that they believe could be a "serious problem" due to us not being prepared.Although the virus seems to be here to stay, vaccines and milder variants mean hospitalisation and death rates have plummeted and many countries have dropped most or all restrictions that kept the virus at bay.But scientists keeping an eye on the disease expect there to be more variants in future, and some will almost certainly be more dangerous than the likes of Omicron and its BA.5 subvariant. READ MORE: Long Covid causes erectile dysfunction and hair loss, new research shows John Swartzberg, a professor emeritus of infectious diseases and vaccinology at the University of California-Berkeley's School of Public Health, said: "The virus always figured out a way to survive. I see nothing that suggests it’s not going to continue to do that."Researchers believe more Covid waves are inevitable as different genetic mutations of the virus battle it out in a bid for dominance.Which one comes out on top will determine the course of the next wave.The best-case scenario is if a milder mutation of the virus wins out next time, giving boffins time to prepare for a worse form of the virus that will eventually follow.Worst case is that a stronger mutation of Covid comes sooner and we're left unprepared to deal with it.So far two possible new variants have been identified.

I am nearing retirement and so far I was covered under my corporate insurance policy. I will retire in the next 1 year and my age is 58. Please suggest a good health Insurance plan for me and my wife (55) as we both are senior citizens. Should we go for senior citizens specific plans or the normal health Insurance plan? What cover should we look at buying? We do have PEDs- I am a heart patient & my wife is diabetic. - Manohar Kumar Life after the age of 60 is considered as a new innings with the least responsibilities and maximum time for self and family.

southern Chinese city remains one of the few places in the world, together with mainland China, to require a quarantine to guard against travelers spreading COVID-19 to the local population. The policy taking effect Friday will be Hong Kong's shortest quarantine for arrivals since the pandemic began. Hong Kong leader John Lee said arriving travelers must quarantine three days in a designated hotel, then undergo four days of medical surveillance during which their movements will be restricted via the use of a health code system.

Covid-19 outbreak in China, even as some 80,000 visitors were enjoying its beaches at peak season. Many are now stuck inside hotels until next Saturday, if not longer. Yang, along with her husband and child, are staying at a four-star hotel paid out of their own pocket.

Hong Kong will shorten the Covid-19 hotel quarantine period for all arrivals to three days from seven, taking another step to gradually unwind stringent pandemic rules that have isolated the Asian financial hub.

war in Ukraine received authorization Sunday to leave the country’s Black Sea coast as analysts warned that Russia was moving troops and equipment in the direction of the ports to stave off a Ukrainian counteroffensive.The body overseeing an international deal intended to get some 20 million tons of grain out of Ukraine and to feed millions of impoverished people who are going hungry in Africa, the Middle East and parts of Asia said the loaded vessels were expected to depart Chornomorsk and Odesa on Monday.Ukraine, Russia, Turkey and the United Nations signed agreements last month to create a sea channel that would allow cargo ships to travel safely out of ports that Russia’s military had blockaded and through waters that Ukraine’s military had mined. Implementation of the deal, which is in effect for four months, has proceeded slowly since the first ship embarked last Monday.

A traditional welcome to Balmoral Castle hosted by The Queen has been axed raising fresh health concerns for the 96-year-old monarch. Her Majesty was due to be at the event tomorrow but it has been cancelled and replaced with a “small, private event", The Mirror reports.

New Delhi: India reported 16,167 new covid-19 cases and 41 deaths in the last 24 hours New Delhi: India reported 16,167 new covid-19 cases and 41 deaths in the last 24 hours. The country has 1,35,510 active cases so far while 4.41 crore cases have been reported in the last two years. So far, more than 5,26,730 deaths have been recorded in the country.

Inflation in Canada continues to surge despite the Bank of Canada’s efforts to tamp down on price growth, with some economists and the central bank’s own governor expecting an even higher reading in the June report due Wednesday.

Bank of Canada’s continued interest rate hikes this year — including Wednesday’s surprise one per cent bump — have hit Canadians like Aashti Vijh hard.In January, the 30-year-old marketing and communications manager was paying about $1,600 per month for the variable rate mortgage she has on her downtown Toronto condo. Now, that monthly payment will be nearly $2,000.“It’s been a big shock and a big change for me personally,” she told Global News Wednesday, shortly after the central bank’s announcement, which added about $200 to her payments alone.“I’m also managing the mortgage by myself, so all of these payments come out from my paycheque.” Bank of Canada hikes key interest rate by full percentage point in surprise move The key interest rate now sits at 2.5 per cent, a drastic shift from the 0.25 per cent rate seen at the start of the year, as the Bank of Canada tries to tame decades-high inflation that has sent prices skyrocketing.The bank’s governor Tiff Macklem acknowledged Wednesday that higher interest rates will add to the difficulties that Canadians are already facing with high inflation, but said if inflation becomes entrenched it will be more painful for the economy — and for Canadians — to get it back down.That comes as little comfort for Vijh.

Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.In Canada, inflation hit a 39-year-high of 7.7 per cent in May — well above the two per cent target rate central banks typically aim for.The Bank of Canada raised its key interest rate by half a percentage point on June 1, bringing it to 1.5 per cent. Since then, it has signalled a willingness to move in a more aggressive direction.“We may need to take more interest rate steps to get inflation back to target.