BOC Expected to Announce Interest Rate Hike

Wednesday, 17 January 2018 08:45 MH
Print PDF

All eyes will be on the Bank of Canada this morning as it makes its latest scheduled interest-rate announcement.

Economists widely believe that based on the economic environment, it's likely that governor Stephen Poloz will raise the central bank's benchmark interest rate today for a third time since last summer.

Many note that Poloz has indicated that interest rate decisions will be data dependent.

In addition to a stronger-than-expected jobs report released earlier this month, the central bank's Business Outlook Survey revealed that sentiment remained positive during the final quarter of 2017.

But many economists say a rate hike today doesn't mean the Bank of Canada is poised to start a rapid tightening cycle.

Given high household debt levels, the unknown impact of tighter stress tests for uninsured mortgages that came into effect this year and uncertainty surrounding NAFTA renegotiations, the bank must be cautious about how quickly it raises rates in order to avoid derailing the economy.

(The Canadian Press)


Wynne to Shuffle Cabinet Today

Wednesday, 17 January 2018 08:39 MH
Print PDF

Premier Kathleen Wynne is shuffling several senior portfolios in her cabinet, less than five months before the Ontario election, The Canadian Press has learned.

Deputy Premier and Advanced Education Minister Deb Matthews, Treasury Board President Liz Sandals and Economic Development Minister Brad Duguid have all said they're not running in the June election, and Wynne is filling those jobs with politicians who are up for re-election.

Mitzie Hunter is moving from her current post as education minister to advanced education, Eleanor McMahon is leaving her role as tourism, culture and sport minister for treasury board, and Transportation Minister Steven Del Duca will become economic development minister, sources say.

In this shuffle, many of the ministers involved also represent ridings in the Greater Toronto Area, which will be a key battleground in the June election.

Indira Naidoo-Harris, who is currently the status of women minister and minister responsible for early years and child care, will fill the job of education minister, a source said.

And backbencher Harinder Malhi will take on the status of women post, the source said.

(The Canadian Press)


Tillsonburg Man Killed in Florida Jail

Wednesday, 17 January 2018 08:34 MH
Print PDF

Police say an 82-year-old man from Oxford County has been killed in a Florida jail, allegedly by his cellmate.

Arthur Williams of Tillsonburg, was in custody after being charged for allegedly trying to lure a nine-year-old boy.

Marianna Police Chief Hayes Baggett says officers were called to the Jackson County Correctional Facility early Monday morning to investigate a reported homicide.

Investigators say staff found Williams dead during a security check.

21 year old Frederick Patterson, of Brunswick, Ga., Is facing a murder charge and is alleged to have killed Williams in what police called an “ambush style attack.”

Williams was charged in October 2017 with loitering and prowling, trespassing, aggravated stalking, making a threatening phone call and attempting to lure a child under the age of 12.

(The Canadian Press)


Dog Bites Tillsonburg Girl on Face

Wednesday, 17 January 2018 08:29 MH
Print PDF

Oxford County Public Health is asking for help from the public identifying the owners of a Jack Russell terrier, involved in a biting incident in Tillsonburg.

Last Thursday, a little girl was bit on the face by the dog as it was being walked on a leash by a couple in the area near the old Rolf Street Elementary School.

The Health Unit is hoping to save the girl from having to undergo rabies treatment and need to speak with the owners.

Any information should be directed to Oxford County Public Health.



Woodstock Police 2017 Collision Stats

Wednesday, 17 January 2018 07:54 MH
Print PDF

2017 was good year for motorist in Woodstock.

Police say last year saw decrease in the number of collisions from 870 in 2016 to 855 in 2017.

The majority of crashes occurred in May and December with Tuesday and Friday afternoons were the worst days for collisions.

The worst intersections for crashes in Woodstock were Juliana at Norwich Ave, Dundas at Huron and Dundas at Springbank.

Police report 145 drivers involved in crashes were distracted behind the wheel and18 were impaired by drugs or alcohol.

91 people were injured in area crashes with just 1 fatality.

Overall, police say they are pleased to see a decrease in the number of crashes but will continue to focus efforts on curbing distracted, aggressive and impaired driving.



Page 1 of 1285

You are here:  

Ethnic Programming

German and Belgian programming

Visit Country107.3 online!

Country 107.3 New Country/Classic Country