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.
According to Mounties, one residence in the area was hit by gunfire. The residence was occupied at the time of the incident but no gunshot injuries occurred. The victims are cooperating with the police investigation.
The cause of death remains under investigation. Evidence indicates the woman died prior to the fire starting. Vancouver Police are working with the BC Coroners Service to identify the woman.
Environment Canada says anywhere from 15 to 25 centimetres is expected at higher elevations of the passes north and east of Hope by Tuesday morning. Up to 15 centimetres of snow is forecast along the Sea-to-Sky Highway between Squamish and Whistler, but the weather office says conditions there should ease by later in the day.
Flair Airlines says passengers were "impacted" after four of its leased aircraft were seized in Toronto, Edmonton and Waterloo, Ont., in what the company is calling a "commercial dispute." Flair issued a statement on Saturday calling the move by "a New York-based hedge fund" to take the aircraft "extreme and unusual."
Surrey Fire Service say they found one person dead inside an apartment after a fire in the Whalley area. The Surrey RCMP were also called in to the 13300 Block of 104th Avenue where the fire took place at around 8:30am on Saturday.
A province wide warrant has been issued for 24-year-old Austin Durocher, who is charged with one count each of assault, assault by choking, suffocating or strangling, causing unnecessary pain, suffering or injury to an animal and uttering threats.
