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5 things to know for Wednesday, July 13, 2022 – CTV News

July 13, 2022

The Bank of Canada is expected to announce another big interest rate hike today, a further rise in food prices could be on the way, and a CFL quarterback accuses the league of turning a blind eye to racism. Here’s what you need to know today.

1. Key interest rate: The Bank of Canada will make its key interest rate announcement this morning. Economists are forecasting an increase of three-quarters of a percentage point.

2. Food prices: Canadian food suppliers are once again issuing notices to grocery retailers informing them of upcoming price hikes.

3. Wasaga Beach case: Mohamad Lilo, former boyfriend of Elnaz Hajtamiri, is now facing charges in connection with her alleged abduction six months ago in Wasaga Beach, Ont.

4. Pandemic supports: Statistics Canada will today give a snapshot of how government supports such as the Canada Emergency Response Benefit affected incomes early in the COVID-19 pandemic.

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