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.
Prime Minister Justin Trudeau announced Monday he will appoint a "special rapporteur" to probe foreign interference in Canada and recommend what more to do about it, among several measures aimed at responding to renewed scrutiny of the Liberal response so far.
Canada will extend the Operation Unifier mission to provide engineering training in Ukraine until at least October, and Canadian medical trainers will be sent to help Ukrainian forces with combat medical skills.
Eby, speaking at a news conference, says B.C. residents are "very frustrated — and rightly so — with the small group of repeat, violent offenders" who are "cycling in and out" of the justice system.
Eby says the "historic" investment in B.C.'s food security comes as a direct response to events that occurred in the past few years, when flooding, wildfires and COVID supply-chain bottlenecks "essentially cut off" crucial supply lines in the province.
Kasari Govender released a nearly 500-page report Tuesday detailing the results of her office's public inquiry into hate incidents during the pandemic. The report says hate incidents have increased dramatically during the pandemic, disproportionately impacting marginalized communities, along with increases in gender-based violence, and online hate.
A statement from the coroner's office says the death rate in January was 47 people per 100,000, more than double the 20.5 death rate that prompted B.C.'s medical health officer to declare the emergency almost seven years ago.
