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.
In November, 2022 a buyer connected with a seller on Craigslist to purchase what was advertised as a Rolex Wimbledon watch, which the seller said came with a receipt and certificate of authenticity. The buyer paid the seller $10,000 after meeting in-person in Burnaby.
Inflation is projected to come down significantly this year. Lower energy prices, improvements in global supply conditions, and the effects of higher interest rates on demand are expected to bring CPI inflation down to around 3% in the middle of this year and back to the 2% target in 2024.
Speakers at the meeting include members of the Competition Bureau, outside competition experts and company representatives including Rogers chief executive Tony Staffieri. The meeting comes a day after the Federal Court of Appeal dismissed an appeal by the Competition Bureau to overturn the Competition Tribunal's approval of the deal.
The goal is for Germany and its allies to provide Ukraine with 88 of the German-made Leopards, which would make up two battalions. While the Canadian Armed Forces has 112 Leopard 2s in a number of different variations, Prime Minister Justin Trudeau declined to say this morning whether Canada will send any of them to Ukraine.
The prime minister announced the planned meeting during a news conference Wednesday morning in Hamilton, Ont., where the Liberal cabinet is finishing a three-day retreat ahead of the return of Parliament next week.
Experts have compared this year's snowpack, with a weak layer of sugar-like crystals buried near the bottom, to that of 2003, when avalanches in Western Canada killed 29 people, most of them in B.C. Five people have died in three B.C. avalanches so far this January.
