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.
The B-C Conservation Officer Service says three rifles have been seized and four people are under investigation after the carcass of a grizzly bear was found near Quesnel. The post says there is an open season for black bears but there is no such season for grizzlies.
Starting in June, rebates on an approved e-bike will be available to B-C residents older than 19 and will be based on income. Rebates will range from 350 dollars to a maximum of 14-hundred dollars.
Eby, cabinet ministers Josie Osborne and Brenda Bailey, and minister of state for trade, Jagrup Brar, will travel to Japan, Korea, Singapore and Vietnam. Meetings are set with government and economic leaders in all four countries.
Canada's total residential mortgage debt has climbed six per cent in the past year to 2.08-trillion-dollars. But Canada Mortgage and Housing Corporation says the rate of growth has actually slowed compared with recent years.
Four people have been arrested and about 13-million-dollars in drugs have been seized as part of an ongoing investigation by Vancouver Police. Police say the drug seizures happened in March, when officers executed search warrants at various downtown locations.
The new Climate Ready B-C Seafood Program will fund marine carbon removal technologies as well as research and testing into acidification and low oxygen levels in the water. The program is being delivered by the Ocean Decade Collaborative Centre, a division of Tula Foundation.
