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 motorcycle was travelling west-bound on Clarke Road as the pedestrian was crossing Clarke Road near the McDonalds located at 531 Clarke Road, Coquitlam. The motorcycle collided with an 83-year-old pedestrian who was transported to hospital and later succumbed to their injuries.
The B-C government is investing almost 75-million for three thousand new learning spaces for in-demand jobs. The spaces cover areas such as cybersecurity, software engineering, life sciences, creative technology and agritech.
Abbotsford police say they were called to Elwood Park last Wednesday after a woman reported a man had been exposing himself to people in the park. When officers arrive they say they spotted the suspect in the bushes and observed him performing a further indecent act.
B-C Premier David Eby says in a statement that the coronation of Charles marks the first crowning of a Canadian head-of-state in seven decades. The event marks --quote-- "an opportunity to reflect on the common interests and values we share."
The federal government plans to spend 390-million-dollars over the next five years as part of a renewed program to fight gang violence and gun crime. Public Safety Minister Marco Mendicino (men-duh-CHEE'-no) says the money will go to the provinces and territories and will include support for policing and prevention programs.
The B.C. Wildfire Service said Sunday the fire at Boundary Lake was an estimated 5,900 hectares, compared to about 3,000 hectares earlier in the day. The fire at Red Creek hit 2,800 hectares, up from 1,550.
