Global National: July 12

The Bank of Canada has raised its benchmark borrowing rate to five per cent. It hasn’t been this high since April 2001, despite Canada’s economy performing better than most forecasters predicted. Why some economists don’t believe this hike was necessary, the potential long-term effect for Canadians, and why banks follow suit when the central bank raises its key rate. Labour Minister Seamus O”Regan has appointed a federal mediator to recommend a settlement to end the British Columbia port strike. The likelihood of a deal being reached between the two sides, and the increasing economic consequences of the bitter labour battle. While Ukraine still hasn’t become a part of NATO, members and G7 countries, including Canada, are offering long-term security guarantees to the war-torn nation. How Ukraine can benefit from its strong relationship with Canada, and what Prime Minister Justin Trudeau is pledging for help. One of Britain’s biggest journalists is at the centre of a sex scandal, first reported by the United Kingdom’s Sun tabloid newspaper. The allegations against BBC News anchor Huw Edwards, what police have concluded, and how the Sun is now distancing itself from its initial report. Plus, the Canadian Food Inspection Agency will recall Prime, the wildly popular energy drink developed by YouTube stars Logan Paul and KSI. And a road map to 37 trillion cells: how Canadian scientists are part of a mission to create the world’s largest reference book of the human body.