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B.C. Faces Renewed Flood Threat Amid Ongoing Cleanup

                         A man paddles down floodwaters along Highway 1 in Abbotsford, B.C., on Friday, Dec. 12, 2025. As British Columbia works to recover from devastating floods, residents are bracing for yet another round of heavy rainfall. Environment Canada has issued warnings of up to 70 millimetres of rain across Metro Vancouver and the Fraser Valley , raising concerns that swollen rivers and saturated ground could trigger further flooding and landslides. Cleanup efforts began earlier this week in the Fraser Valley after floodwaters from Washington’s Nooksack River receded. Communities such as Abbotsford have started clearing debris and reopening businesses, but the threat remains high as rivers across southern B.C. continue to run dangerously full. Emergency Management Minister Kelly Greene cautioned residents to avoid riverbanks and unstable ground , noting that additional rainfall could worsen condit...
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Bank of Canada Poised for Another Rate Cut Amid Easing Inflation

The Bank of Canada is widely expected to cut its key interest rate again this Wednesday, following recent data indicating a continued easing of inflation. This anticipated move comes after the central bank already reduced its policy rate by 25 basis points to 4.75% last month.

Economists and market analysts are betting on another 25 basis point cut, which would bring the rate down to 4.50%2. The decision is driven by a combination of factors, including a slowdown in consumer price inflation, restrained spending, and a generally lackluster economic outlook.

Recent reports show that inflation cooled to 2.7% in June, down from 2.9% in May. This decline has bolstered confidence that the Bank of Canada will continue its efforts to ease monetary policy. Additionally, rising unemployment and subdued growth expectations have further supported the case for another rate cut.

The Bank of Canada is set to announce its decision on Wednesday at 9:45 AM ET, along with the release of its quarterly Monetary Policy Report, which will include updated forecasts for economic growth and inflation.


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