Columbia, Britain Financial News

30.08 / 03:31

World Health Organization COVID First Canadian case of new COVID-19 variant confirmed in B.C.

COVID-19 has been detected for the first time in Canada, British Columbia health officials said on Tuesday.The variant, dubbed BA.2.86, was confirmed in the Fraser Health region, and involves a person who had not travelled outside the province, according to a joint statement from provincial health officer Dr. Bonnie Henry and Health Minister Adrian Dix.“So far, there does not seem to be increased severity with this strain of COVID and the individual is not hospitalized,” the statement reads.The new variant was first detected in Denmark in July, and has since been confirmed in several countries including the United States.The World Health Organization has classified BA.2.86 as a “variant under monitoring” due to the presence of a large number of mutations.The agency described variants under monitoring as those that show early signs of a “growth advantage” compared to more dominant circulating variants, and which require further evidence of their possible impact.“It was not unexpected for BA.2.86 to show up in Canada and the province.

09.08 / 15:01

COST UPS Citi FIVE RBC show Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC says

The Bank of Canada’s latest interest rate hikes appear to have put the brakes on the housing market rebound in many cities and the road ahead for further recovery is expected to be rocky, say economists at the Royal Bank of Canada.

22.12 / 09:25

Adoption Electricity Bitcoin British Columbia Power Crypto miners British Columbia to halt new power connections for crypto miners

A state-owned electric utility provider in the Canadian province of British Columbia is set to halt all new electricity-connection requests from cryptocurrency miners for a period of 18 months.

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