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.
Surrey R-C-M-P say the shooting happened on May 2nd at 8 p-m in a parking lot on 108 Avenue, where officers found two victims who had been shot. One victim, 20-year-old Jayden Prasad, died of his injuries while the other victim recovered.
Burnaby R-C-M-P say the crash happened at 1:50 p-m near Imperial Street and Patterson Avenue, when an eastbound car veered onto the sidewalk and hit the 19-year-old victim. The victim remains in hospital in serious condition, and police have ruled out impaired driving as a factor.
Police say the incident happened at around 1:30 p-m, when a black S-U-V driving southbound near the 3600 block of 152 Street struck another southbound car, left the road, and went into the Nicomeki River.
Dozens of firefighters battled the two-alarm fire this morning at a house that was under construction. Fire officials say flames about 20-feet high were coming from the roof.
Richmond R-C-M-P are investigating after a 67-year-old woman was assaulted by two suspects. Police say her home was also ransacked in last month's attack.
Abbotsford police have released video showing more than 10 people using axes, swords and baseball bats to destroy multiple cars at a home in the city. Video released by the department depicts the incident, which happened around 1 A-M on Saturday.
