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 said Sunday Canada and the U.S. were co-operating and in constant communication about the situation, adding both countries and the North American Aerospace Defence Command are taking the situation very seriously.
Two men had serious injuries, but all in hospital were in stable condition, they said. Other injured people were released at the scene. The explosion occurred around 6:18 a.m. local time and affected four homes that were under construction, said Ottawa deputy fire chief David Matschke.
National Security Council co-ordinator John Kirby confirmed the latest encounter and its location during Friday's press briefing at the White House, and said the order to shoot it down came directly from President Joe Biden.
He says the trailer with a box on top was in the lifted or dumping position when it crashed into the overpass. Hwang says it's unclear what the circumstances were before the crash, which happened at about 7:30 Friday morning.
The overdose crisis debate is expected to continue through the spring as the government highlighted in its throne speech its work on a model of addictions care that moves people from detox to treatment.
The driver of the vehicle, a 17-year old female, was uninjured. She remained at scene and was cooperative with investigators. Both pedestrians were not on the roadway during the collision. All persons involved are from Richmond.
