From multicultural entertainment to live performances, games, delicious food, and a spectacular fireworks display, there’s something for everyone in our diverse community. Bring your family, friends, and neighbors to these free Canada Day celebrations and make lasting memories. Here’s a rundown of the festivities happening in Burnaby.
Picture source: Canva
Official Canada Day Celebrations: Date: July 1 Time: 11 am – 2:30 pm Location: Edmonds Plaza and Park, 7433 Edmonds Street
Come together at Edmonds Plaza and Park for a day filled with fun and entertainment. Celebrate the rich diversity of our community with live performances, activities for children, games, and, of course, cake! This event is made possible by our partners, the Burnaby Firefighters’ Charitable Society, Burnaby RCMP, and Burnaby Edmonds Lions Club.
Burnaby Village Museum: Date: July 1 Time: 11 am – 4:30 pm Location: Burnaby Village Museum
Immerse yourself in the history of Burnaby’s diverse communities at the Burnaby Village Museum. This 10-acre open-air site offers free festivities for the whole family, including multicultural entertainment, displays, demonstrations, face painting, children’s activities, and, of course, cupcakes! Explore the exhibits and engage with knowledgeable staff to learn about the rich heritage of our city. Visit burnabyvillagemuseum.ca for more information.
StreetFest on Central: Date: July 1 Time: 6:30 pm – 10:30 pm Location: Civic Square, Central Boulevard, and Central Park
Experience an evening of family fun at StreetFest on Central. Start with the family zone at Civic Square, featuring kids’ entertainment and activities. Then, make your way along Central Boulevard to enjoy activities suitable for all ages. Explore a variety of food options, immerse yourself in music, dance, and art, and indulge in free live performances at Central Park. The event concludes with a magnificent fireworks finale at 10:15 pm. Please use public transportation, cycle, or walk to the festival, and leave your pets at home.
Artist Schedule at Central Park:
6:30 pm: The Boom Booms (Main stage)
7:30 pm: Shawnee Kish (Main stage)
8:45 pm: Speeches and welcome (Main stage)
9:00 pm: LIGHTS (Main stage)
10:15 pm: Fireworks (Central Park)
Picture source: Canva
Central Boulevard Community Area: Time: 6:30 pm – 10 pm Location: Central Boulevard
Engage in a variety of activities and entertainment at the Central Boulevard Community Area. Enjoy games, cultural performances, demonstrations, crafts, interactive dance performances, community art, and much more. Take part in the exciting pop-up displays and interactive exhibits from community partners, along with onsite activations from Concord Pacific and RBC. Get ready for a truly engaging experience for spectators of all ages.
Pop-Up Musicians at Central Boulevard:
Cat Murphy Band
Chris Ho
Girl A Girl B
Leah Barley
Wilson-Gibbons Duo
Civic Square Family Area:
From 6:30 pm to 10 pm, the Civic Square Family Area will offer a fantastic array of activities suitable for the entire family. Explore the rovers, unleash your creativity with Imagination blocks, encounter animatronic dinosaurs, and have a blast playing fun games designed for kids of all ages.
Get ready for an unforgettable Canada Day celebration in Burnaby! Marking Canada’s 156th birthday, this year’s festivities promise a delightful mix of entertainment, activities, and fireworks displays. Embrace the multicultural spirit of our community, connect with friends and neighbors, and create cherished memories at the various event locations.
Happy Canada Day!
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In a recent announcement, the Bank of Canada has decided to increase its target for the overnight rate by 25 basis points, bringing it to 4¾%. The Bank Rate now stands at 5%, while the deposit rate is at 4¾%. Additionally, the Bank will continue its policy of quantitative tightening.
On a global scale, consumer price inflation is gradually decreasing due to lower energy prices compared to the previous year. However, underlying inflation remains stubbornly high. Major central banks worldwide are signaling the need for further interest rate hikes to restore price stability as economic growth softens in response to higher interest rates. The United States is experiencing a slowdown in its economy, although consumer spending remains unexpectedly resilient, and the labor market remains tight. Economic growth in Europe has essentially stalled, but core prices continue to rise. China’s growth is expected to decelerate after a surge in the first quarter. Financial conditions have tightened to levels similar to those observed before the bank failures in the United States and Switzerland.
The Canadian economy outperformed expectations in the first quarter of 2023, with a GDP growth rate of 3.1%. Consumption growth was surprisingly strong and well-diversified, even when accounting for population gains. The demand for services continued to rebound, and there was an increase in spending on interest-sensitive goods. Moreover, the housing market has shown recent signs of activity. While the labor market remains tight, the influx of new workers due to higher immigration and participation rates has been swiftly absorbed, indicating ongoing robust demand for labor. Overall, there is a more persistent excess demand in the economy than previously anticipated.
Bank of Canada Raises Policy Rate. Picture source: Canva
Consumer price index (CPI) inflation rose to 4.4% in April, marking the first increase in 10 months. Prices for various goods and services exceeded expectations. Despite lower energy costs, goods price inflation increased, while services price inflation remained high due to strong demand and a tight labor market. The Bank anticipates that CPI inflation will ease to around 3% in the summer as lower energy prices take effect and the significant price gains from the previous year no longer factor into the yearly data. However, concerns have risen regarding the potential for CPI inflation to remain significantly above the 2% target, as three-month measures of core inflation have consistently ranged from 3½% to 4% for several months, coupled with the persistence of excess demand.
Bank of Canada Raises Policy Rate. Picture source: Canva
Based on the accumulated evidence, the Governing Council has made the decision to raise the policy interest rate. This action reflects their belief that the existing monetary policy was not sufficiently restrictive to restore supply and demand equilibrium and achieve sustainable inflation in line with the 2% target. The Bank’s quantitative tightening policy is working in conjunction with the restrictive monetary stance to normalize its balance sheet. The Governing Council will continue to assess the dynamics of core inflation and the outlook for CPI inflation, paying particular attention to factors such as excess demand, inflation expectations, wage growth, and corporate pricing behavior. Their goal remains steadfast in restoring price stability for the benefit of Canadians.
To read more local news and updates please check our BLOG PAGE
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