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Family Doctors Could Reduce ER Visits by 15% in Canada, Report Finds

A recent report by the Canadian Institute for Health Information (CIHI) reveals that 15% of emergency room visits in Canada could be managed by family doctors. The report, covering data from April 2023 to March 2024, highlights the significant role primary care could play in alleviating the pressure on emergency departments. The findings indicate that many Canadians, especially those without regular access to a family doctor, turn to emergency departments for conditions that could be managed in primary care. This includes common ailments such as colds, sore throats, and ear infections. The report also suggests that over half of these visits could be managed virtually, pointing to the potential benefits of telemedicine. Dr. Sunita Karmakar-Hore, CIHI’s manager of health system performance reporting, emphasized the need for improved access to primary and virtual care. "When access to a regular care provider is challenging, people often turn to emergency departments to receive the ca...
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Bank of Canada Holds Key Interest Rate at 5% Amid Speculation of a June Cut

 



The Bank of Canada (BoC) has maintained its benchmark interest rate at 5% in its third update of the year. However, the central bank has hinted that a rate cut in June is “within the realm of possibilities.” Governor Tiff Macklem emphasized the need for sustained progress on inflation before any decisive action is taken.

Recent data has fueled speculation about a potential rate cut. Notably, core inflation has eased, and the jobs market has stalled. While the BoC expects core inflation to continue its gradual decline, rising gas prices may keep the Consumer Price Index (CPI) hovering around 3% in the coming months.

Governor Macklem emphasized that the central bank will closely monitor inflation trends. The decline in core inflation must be more than a temporary blip to warrant a rate cut. The BoC seeks assurance that this downward trend is sustainable.

Analysts surveyed by Reuters had anticipated the BoC’s decision to maintain the key overnight rate at 5% for the sixth consecutive meeting. However, recent developments have shifted expectations. BMO Capital Markets’ Canadian rates and macro strategist, Benjamin Reitzes, described the BoC’s statement as “mildly more dovish.” While June remains a possibility, the upcoming CPI reports will play a crucial role in shaping the central bank’s next move.

In summary, the Bank of Canada’s decision to hold the rate steady reflects cautious optimism. As we approach June, all eyes will be on inflation indicators, determining whether the path to price stability warrants a rate adjustment. 

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