Volume 22- Issue 582- October 21, 2022 -Rabi ul Awal 24,1444 H, $1 www.miraclenews.com BC, CANADA First Muslim
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Naqshbandi
October is Islamic Heritage Month The Reality of Halloween In Islam Periodontitis: Symptoms, Causes, and Treatment
Islamic
10 Center of Vancouver
06 Air
10 (saw) Celebrated
Court 06 Supreme puzzled by forces’
Grand Milad un Nabi Dawat e Islami BC
14 Celebrates the Birth
Ken Sim & Brenda Locke boot incumbents in Metro’s biggest cities
response to energy 06 EU crisis looms
Canada’s hotter-than-expected inflation reading sets stage for another rate hike
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TTAWA - Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week. In its latest consumer price index report, Statistics Canada said the country’s annual inflation rate in September dropped slightly to 6.9 per cent from 7.0 per cent in August. BMO’s chief economist Douglas Porter said the deceleration in headline inflation was smaller than what
Details at page 7
quality advisories remain in effect across
was expected. Bluntly, inflation did not ease as much as anticipated last month, even as gasoline costs took a big step back,” he said. With underlying inflation pressures Continue at page 8
Freeland warns of ‘difficult days ahead’ Liz Truss resigns: PM’s exit kicks off another as Canada’s economy shows sign of weakness Tory leadership race
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inance minister says rising interest rates will cool economy, drive up unemployment. Finance Minister Chrystia Freeland issued a warning to Canadians Wednesday — the coming months won’t be pretty as rising interest rates slow a once red-hot economy and force some people out of their jobs. The Bank of Canada’s recent rate hikes to tame sky-high inflation will increase borrowing costs for businesses and consumers alike, which will send shockwaves throughout the economy, Freeland said. Speak-
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ing at an auto industry conference in Windsor, Ont., Freeland said she would be honest with Canadians about the roadblocks that lie ahead Continue at page 8
iz Truss has resigned as prime minister after 45 days in office marked by turmoil, triggering the second Tory leadership election in four months. Ms Truss said her successor would be elected by next week after a rebellion by Tory MPs forced her to quit. Boris Johnson is among MPs said to be considering bids but Chancellor Jeremy Hunt has ruled himself out. Tory MPs revolted against Ms Truss after a series of U-turns on her economic plan sapped her of authority. In a brief speech outside Downing
Street, Ms Truss said the Conservative Party had elected her on a mandate to cut taxes and boost economic growth. But given the situation, Ms Truss said: Continue at page 8
Imran Khan disqualified in Toshakhana reference FATF removes Pakistan from grey list after 4 years
The Election Commission of Pakistan (ECP) on Friday disqualified PTI chief Imran Khan in the Toshakhana reference under Article 63(1)(p) for making “false statements and incorrect declaration”, triggering protests in various cities.
Key developments • •
Ruling govt says Imran committed “offence of corrupt practices” Protests reported from Lahore,
Islamabad, Peshawar and Karachi as PTI leaders urge people to pour into the streets • Imran says disqualification aimed at barring him from leading Haqeeqi Azadi movement • Fawad Chaudhry says it’s a “slap on the face of 220m people” • Imran’s lawyer Gohar Khan says ruling will be challenged in IHC “right now” The verdict against the PTI chief comes as a big blow to the party which a few days ago won big in bypolls across the country, following up on its resounding victory in the July by-elections in Punjab — both seen as indicators of public support for the ousted former premier. ... Source; Dawn.com
The Financial Action Task Force (FATF), a global money laundering and terrorism financing watchdog, on Friday removed Pakistan from a list of countries under “increased monitoring”, also known as the “grey list”. Addressing the press conference at the conclusion of its plenary, FATF President Raja Kumar noted that Pakistan had been on the grey list since 2018. “It has two concurrent action plans. After a lot of work by Pakistani authorities, they have largely addressed all of the action plan items,” he said. He stated that the task force had conducted an onsite visit at the end of August. The onsite team verified that there is a high-level of commitment from the Pakistani leadership, sustainability of reforms and com-
mitment to make improvements in the future, he said. “As a result of these action plans, Pakistan has made significant improvements to strengthen the effectiveness of this framework for combating terrorism financing.” Kumar said steps had also been taken to strengthen riskbased supervision of financial and non-financial institutions, improve asset confiscation outcomes, and investigate and prosecute money laundering. ..Source: forbes.com