Business, consumer sentiment subdued in Q2: Bank of Canada surveys

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The Bank of Canada says business and consumer sentiment remained subdued during the second quarter of the year even as the country saw its first interest rate cut.

The central bank's survey of consumers shows financial stress remained high over the spring as many Canadians reduced spending and adopted pessimistic outlooks about the economy's future.However, the survey found homebuying intentions were close to the historical average because many Canadians, including newcomers, planned to wade into the market soon.

Healthcare, housing and the environment will be on the agenda as Canada's premiers gather in Halifax for the annual summer meeting of the Council of Federation.Public Safety Minister Dominic LeBlanc says he has been briefed by the RCMP and CSIS in the wake of an attempted assassination of former president Donald Trump.

Weeks before the Olympic Games are set to begin in Paris, the River Seine is still not safe for swimming on most days due to high levels of E. Coli bacteria in the water, according to official data.German authorities had fewer security problems and crimes to deal with than they expected at the European Championship, the country's top security official said Monday.

A Kelowna, B.C., man says he's always liked gnomes because they have a 'bit of mystery' to them. And he recently got a taste of that whimsy when his garden gnomes disappeared, and came back to him in a peculiar fashion.Little free Blockbuster set up in WinnipegSome say a photograph is simply a memory frozen in time – and a high school graduation photo taken in Churchill, Man. takes that adage to a completely new level.

A group representing Ontario’s bar and restaurant owners says it is 'grateful' that officials opted to walk back a plan to reopen some LCBO stores later this week in an effort to 'safeguard' inventory for 'vulnerable businesses.'Calgary mayor offers update on water main break monitoring and repairs One man was sent to hospital following a fire on a boat at the marina on the Pointe-du-Chêne Wharf early Sunday afternoon.Police are investigating after a fire at a cottage in Cavendish, P.E.I., led to the death of one person, and three others injured.Canada's premiers will be in Halifax Monday to begin three days of scheduled meetings in Nova Scotia's capital.

 

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