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 investigation progressed and in November 2020, CFSEU-BC investigators executed search warrants at four residences, two located in Burnaby, one in Vancouver, and one in Abbotsford. Two men and one woman were charged last week with a series of offences including trafficking and possession for the purpose of trafficking.
Police say a school bus tipped over on B.C.’s Sunshine Coast, sending the driver to the hospital with minor injuries. The crash happened at 8:37 a.m. on the side of Highway 101 in Madeira Park, about 100 kilometres northwest of Vancouver.
A B-C Highway Patrol officer says the teen was travelling at a speed of up to 209 kilometres per hour in a 100 kilometres per hour zone last week. The driver is facing multiple charges and is set to appear in court next month.
The city's police say a woman was crossing near Main and Georgia streets when she was struck just before 12:30 p-m. They say the driver is co-operating with the investigation.
The provincial government will spend nearly 26-million dollars annually for settlement services to help newcomers succeed in their new communities. That's an increase from six-million dollars the province had previously provided.
When officers arrived on scene they found ten vehicles had been sprayed with orange and blue paint. Officers collected evidence and began canvassing the area for CCTV footage.
