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.
From 2016 to 2021, immigrants contributed to four-fifths of labour force growth in Canada, but when the pandemic first hit, recent immigrants were more likely to transition out of employment than their Canadian-born counterparts due to lockdowns.
Robinson announced just last month that the government had a surplus windfall of $5.7 billion dollars, allowing Eby to spend on his priorities of housing, health care and public safety. With tears in her eyes, Niki Sharma stepped up to sign on as the new attorney general, taking over Eby’s job.
The mint says the coin's black outer ring is intended to evoke a "mourning armband" to honour the queen, who died in September after 70 years on the throne. The mint says it will start to circulate nearly five million of the coins this month, and they will gradually appear as banks restock inventories.
Overall, the data since the October MPR support the Bank’s outlook that growth will essentially stall through the end of this year and the first half of next year. CPI inflation remained at 6.9% in October, with many of the goods and services Canadians regularly buy showing large price increases.
She was taken to hospital for treatment by BC Emergency Health Services. Police say they believe the attack was not related to the Lower Mainland gang conflict. Police do not believe there is a risk to the public.
Over the next 14 days, negotiators from all 196 countries in the world are being asked to hammer out an agreement to both end and begin to restore the ecosystems we have destroyed and damaged.
