Darpan News Desk The Canadian Press, 01 Sep, 2023 11:01 AM
The latest G-D-P report showing the economy contracted at an annualized rate of 0.2 per cent in the second quarter may signal an end to the Bank of Canada's rate hiking campaign.
Economist Tu Nguyen (WIN) at R-S-M Canada says the cooling economy should be enough evidence for the central bank to forgo further rate hikes unless there is another major external shock that sends inflation upward.
She says this is the first time since the early days of the pandemic that spending on services did not grow, which is a powerful sign of a cooling economy.
A new text alert system to warn about batches of toxic drugs is being implemented in the Vancouver Coastal Health authority. Those who want the alerts can text JOIN to the number 2-5-3-7-8-7, while those who were already signed up on Radar will be added automatically.
Almost 700 firefighters from South Africa, Australia, New Zealand and the United States are set to arrive in Canada over the next two weeks to help with the unusually severe start to the wildfire season. There are 214 fires burning and 93 of them are out of control, up from 87 out-of-control fires Thursday.
The B.C. board says Vancouver's housing market is showing signs of heating up heading into the summer, as prices increased for the sixth consecutive month. The board says sales for the month totalled 3,411, which was 1.4 per cent below the 10-year seasonal average of 3,458.
After heated debates and decision reversals, most of Stanley Park’s temporary bike lanes set up during the pandemic have now been removed. It means cars now have two lanes along the main Park Drive and those cycling through will either have to share the road or go to the seawall for a slower pace.
Police in New Westminster say a woman is recovering in hospital after being pulled from the Fraser River. They say officers received a report around noon on Tuesday that woman who appeared to be in distress could be seen from the pier in the fast-moving water.
The complainant saw a man running in her direction carrying a rope, was startled, ran away and contacted police. Police attended the park, spoke with the complainant and conducted patrols through the park.
