Top 5 Things To Know
Here’s what to know today.
- Hold on interest rates: Canadians can take a breath as interest rates for mortgages won’t be rising for now. The Bank of Canada announced they will be keeping the overnight interest rate at 5% and 5.25% at the bank rate. This is coming after Premier Doug Ford scrutinized the Bank for raising interest rates at this pace. Without promises of holding rates in the future, the Bank is still concerned about rising inflation. London’s housing market has remained neutral in August. The Bank’s next announcement for overnight targets is October 25th.
- Veltman trial update: The jury for the trial of Nathaniel Veltman has been selected. 14 jurors were chosen to hear the trial but 12 will choose the verdict. On Tuesday during selection, Veltman pleaded not guilty. He has been charged with four counts of first degree murder and one count of attempted murder after he ran over the Afzeel family in a terror attack. The trial will begin on Monday the 11th in Windsor.
- LCBO ditches paper bags: To create a more sustainable Ontario, the LCBO has got rid of paper bags from all its stores. The announcement was made last Tuesday as single-use paper bags will no longer be available. Six bottle bags and larger bags will be available for purchase, with 8 pack cardboard boxes as a free option. This initiative will help reduce our impact on the environment.
- Canada going for gold:Team Canada’s men’s basketball team will be playing Serbia on Friday in the semi-finals for a chance to reach the world cup finals. Hamilton native Shai Gilgeous-Alexander led the way in their 100-89 victory over Slovenia with 31 points, 10 rebounds and 4 assists. Shai is currently leading the whole tournament in scoring. USA will also play Germany in their semi finals for a possible Canada USA finals.
- Fun Fact: On this day in 1964, The Beatles played two concerts at Maple Leaf Gardens in Toronto. With over 35,000 fans in attendance, the price of the tickets were $5. The Beatles also brought out Clarence “Frogman” Henry and Jackie DeShannon. After the show, John Lennon was asked how long were The Beatles going to last, where he replied ‘longer than you’.