Listen Live
Listen Live
Listen Live

BEFORE THE BELL: Federal Reserve January minutes to be released today; BC hits foreigner home buyers with new penalties

A report from the Federal Reserve could be troubling for the markets today after yesterday’s slide. The minutes from the reserve’s January meeting are being released and experts say this could fuel another market sell-off as investors tensions rise with the prospect of inflation. Some analysts say this report could indicate whether US policy makers are planning on adding a fourth planned interest rate hike this year to combat rising inflation.

Oil is sliding slightly this morning, down 0.51 to 61.28 a barrel.

Gold is down 0.30 to 1,330 an ounce.

The Loonie continues a morning slide to 78.97 cents US.

And BC has unveiled a new tactic to combat the spike in Vancouver’s housing market. The province will be raising foreign buyer taxes from 15 to 20 per cent and adding a levy on home buyers who don’t pay provincial taxes.

Continue Reading

ckbx Now playing play

cffm Now playing play

ckcq Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Williams Lake RCMP says new Disclosure Unit has increased community involvement

Williams Lake RCMP Staff Sergeant Brad McKinnon addressed the Williams Lake City Council in a delegation with an update on police activity. Saying the detachment's new Disclosure Unit police were able to create has reduced administrative burdens on police officers enough to have more than 200 more active patrols in the Lake City's downtown core, and more proactive engagement across the community.

First Nations leaders condemn ‘alarmist’ comments on Cowichan title ruling

The First Nations Leadership Council said it’s “deeply disturbed and angered” by what it calls alarmist comments by B.C. Conservative leader John Rustad about Aboriginal title rights.

Student enrollment is down in Quesnel

 The trend of declining enrollment continues in the Quesnel School District.

Record number of submissions received for this years Williams Lake Business Excellence Awards

The 28th Annual Williams Lake and District Chamber of Commerce handed out some hardware over the weekend.

Cattle investigation underway in Quesnel

RCMP are investigating two cases of cattle being poached in the Quesnel and Hixon areas. RCMP believe the incidents took place in mid-September.
- Advertisement -