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.
Members of Parliament agreed to a motion that would see them rising on Wednesday for a holiday break. They are not scheduled to return until the end of January. Trudeau has recently said good government policy doesn’t "fit on a bumper sticker."
Mona Nemer released the recommendations today from a task force that was established in the summer to respond to post-COVID-19 condition, or long-COVID. Nemer says as of August, about 15 per cent of adults who've had COVID-19 experience symptoms three months or more after their initial infection.
In July, Canada dodged what was potentially an even bigger blow when the U.S. broadened a policy that would have significantly advantaged the sale of American-made electric vehicles to instead include its NAFTA partners.
When officers arrived, they found an unresponsive man with gunshot wounds, who later died in hospital. The Integrated Homicide Investigation Team (IHIT) has been deployed, and is working with Chilliwack RCMP.
Officers arrived and located a woman suffering from injuries that appeared to be the result of a stabbing. Police and BC Ambulance Service immediately began lifesaving measures but the woman was later pronounced deceased on scene.
Following the incident, an arrest warrant was issued for Singh, and he was arrested late last month. Singh has been charged with 12 offences, including theft of a motor vehicle, possession of stolen property and flight from a police officer.
