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.
At a news conference in Toronto, Trudeau says he's asked the clerk of the Privy Council to look at the government's procurement practices to make sure they are getting good value for money. The government mandated the use of the ArriveCan app during the COVID-19 pandemic as a way to screen travellers crossing the border into the country.
The Vancouver-based company also says it plans to pay a special one-time dividend of US$1.08 per share to its own shareholders, contingent on the deal closing. Ritchie Bros. is now offering US$12.80 per share in cash and 0.5252 of a Ritchie Bros. share for each IAA share, making the offer worth about US$44.40 per share based on the company's share price Friday.
Avalanche Canada says the snowmobilers were riding at the base of a slope in a feature known as Bowl 3 in the Oasis area when the avalanche happened Saturday morning. One person managed to ride away while the other was fully buried.
Coquitlam RCMP Front-line officers attended the area of Glen Drive and Johnston Street in Coquitlam for an assault on Sunday, January 1, 2023 at 2:47 a.m. The victim was changing a tire when he was attacked by two men. The men fled prior to Police attendance. nThe victim sustained serious, non-life-threatening injuries to his head.
Documents provided by Yu show the home was listed for $978,000 last May 11, then sold for $970,000 nine days later, near the height of the pandemic property boom. Ontario land title documents show ownership was transferred for that sum on June 15 to a new buyer who took out a mortgage with the Bank of Montreal.
Experts say a stronger bond between Canada and Mexico will be central to advancing North American competitiveness on the international stage. Sen. Peter Boehm, a former Liberal deputy cabinet minister, likens the continent's trilateral ties to an isosceles triangle, with the Canada-Mexico relationship as the shortest side.
