Bank of Canada hikes interest rates again; Alberta passes Sovereignty Act; children separated from parents as they flee war in Ukraine; and global bird populations in steep decline
The Bank of Canada has raised its benchmark interest rate to 4.25 per cent, aimed at bringing down the high inflation rate. The seventh hike this year is causing economic anxiety for many Canadians with mortgages or debt — is it the right approach? Matt Galloway talks to Armine Yalnizyan, an economist and Atkinson Fellow on the Future of Workers; and Derek Holt, vice president and head of capital markets economics at Scotiabank.
Then, the Alberta Sovereignty Act passed in the early hours of Thursday morning, giving Premier Danielle Smith the authority to redress any federal policy, law or program that her cabinet deems harmful to Alberta. We discuss Alberta’s relationship to Ottawa with Globe and Mail reporter Carrie Tait; University of Calgary political science professor Barry Cooper; and Opposition and Alberta NDP Leader Rachel Notley.
Plus, Evgeny Mezhevoy was trying to flee the war in Ukraine but ended up in a jail in Russian-occupied Donetsk, while his children were sent more than a thousand kilometres away to Moscow. CBC correspondent Briar Stewart brings us their story.
And in a conversation from October, we discussed research into the steep decline in global bird populations with Lucy Haskell, a science officer with BirdLife International.