Bank of Canada's Macklem warns global resilience 'under strain'
The head of the Bank of Canada says the global economy has held up well through a series of recent shocks but that resilience is being tested.
Bank of Canada governor Tiff Macklem spoke to reporters today from the sidelines of the International Monetary Fund meetings in Bangkok.
He says the global economy has been performing better than expected in the face of ongoing wars in Iran and Ukraine and sweeping trade disruptions.
But he also says that resilience is increasingly "under strain" as shocks like the Middle East conflict persist and drive up energy prices.
Macklem says there are only so many times countries can release global oil reserves before the well starts to run dry and needs to be restocked.
The Bank of Canada will get a look at how domestic prices are responding to global cost pressures when Statistics Canada releases its September inflation report on Monday.
This report by The Canadian Press was first published Oct. 17, 2026.
By Craig Lord | Copyright 2026, The Canadian Press. All rights reserved.
B.C. votes for mayors and councillors before general election next week
It’s voting day in British Columbia but if you are confused, you're probably not alone.
B.C. residents vote today for their local representatives on councils, school boards and other regional posts, choosing from 3,500 candidates across the province.
But advance voting in the provincial general election is also taking place, continuing until Oct. 21 ahead of final voting day on Oct. 24.
NDP Leader David Eby’s decision to call a snap election two years early and in the middle of the planned municipal election period has been denounced by local and opposition politicians.
The Union of B.C. Municipalities passed a resolution at its annual convention last month imploring Eby not to call an election during the local campaign period, but days later he set off the provincial vote.
Cori Ramsay, who was the president of the union at the time of the resolution, said since then that the two elections have caused voter confusion and local campaigns lost staff to provincial candidates.
Many cities and municipalities have nevertheless reported increased or even record turnout at advance polls, including Vancouver, Richmond, Burnaby, Kamloops, Surrey, Kelowna, Prince George, Cranbrook and View Royal, among others.
This report by The Canadian Press was first published Oct. 17, 2026.
Copyright 2026, The Canadian Press. All rights reserved.
Crash involving semi-truck, bus and other vehicles closes Highway 99 in Surrey, B.C.
Police say a crash involving a semi-truck and trailer, a bus and several other vehicles has closed Highway 99 in both directions in Surrey, B.C.
Staff Sgt. Lindsey Houghton says in an email that the number and types of vehicles involved in the crash have not been confirmed and he did not have information on the type of bus or whether it was carrying any passengers at the time.
Houghton says firefighters and paramedics were at the scene, but he couldn't confirm whether anyone has been seriously injured in the crash.
He says parts of the highway would likely be closed for several hours and police would issue any further significant updates later Friday or on Saturday.
The DriveBC website shows the route is closed between the Highway 91 interchange and King George Boulevard in south Surrey.
The driver information service says drivers should expect major delays, with no estimated timeline for the highway's reopening.
BC Emergency Health Services did not immediately respond to a request for details about its response to the crash Friday evening.
TransLink, Metro Vancouver's transit operator, directed a question about whether one of its buses was involved in the crash to B.C. Highway Patrol, while the Mounties referred a request back to the Surrey Police Service.
This report by The Canadian Press was first published Oct. 16, 2026.
Copyright 2026, The Canadian Press. All rights reserved.

Urgences-santé engage des étudiants pour l'été et c'est payé jusqu'à 22,91 $/h
Et tu n'as pas besoin d'être ambulancier.
Si tu n'as pas encore trouvé une job pour cet été, sache que l'organisation ambulancière Urgences-santé recrute présentement des étudiant.es à temps plein pour la saison estivale. L'équipe médicale recherche des préposé.es à l'entretien pour les ambulances, les équipements et la bâtisse. Tu pourrais recevoir un salaire allant jusqu'à 22,91 $ de l'heure et même t'ouvrir des portes dans le domaine de la santé.
Pour appliquer, quelques conditions sont demandées. Tu devras donc t'assurer de posséder un diplôme d'études secondaires, de détenir un permis de conduire de classe 5, d'être capable de soulever des charges d'au moins 40 kg et bien parler et écrire le français. Si tu as déjà travaillé dans un poste similaire ou que tu possèdes déjà des connaissances médicales, c'est encore mieux.
Si tu es choisi.e, tu auras plusieurs tâches à accomplir comme vérifier la conformité des équipements, effectuer des réparations et faire l'inventaire ainsi que le nettoyage du matériel paramédical. Tu devras vraiment t'assurer que tout fonctionne bien pour que le personnel de gestions de crise, comme les ambulancier.ères, puissent bien faire leur travail. Tu pourrais aussi être amené.e à t'occuper de l'inspection des véhicules d'urgence. Les quarts de travail par jour peuvent être assez longs et sont généralement de 8 à 12 heures.
L'offre comprend des avantages non négligeables comme un salaire horaire plus élevé que le salaire minimum au Québec ainsi que plusieurs avantages sociaux. Tu pourrais aussi recevoir des primes de soir, de nuit ou de fin de semaine.
Si tu souhaites avoir un emploi durant ta scolarité, Urgences-santé mentionne dans son offre que tu pourrais bien avoir l'option de travailler à temps partiel durant l'année scolaire si tu désires rester dans l'équipe.
Sache par contre que les disponibilités demandées sont plutôt particulières. Tu devras être disponible 24/7 et une fin de semaine sur deux pour une période de quatre mois. Tu seras placé.e sur une liste de rappel, aucun nombre d'heures de travail n'est garanti, mais dès ton inscription sur la liste tu as la chance d'accumuler de l'ancienneté.
Il te faudra aussi être disponible pour te déplacer aux trois centres d'Urgences-santé soit à Montréal, Laval et à Lasalle.
Préposé.e chez Urgences-santé
Salaire : entre 19,95 $ et 22,91 $
Compagnie : Urgences-santé
Applique ici