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.
Lt.-Gov. Janet Austin will swear in Eby's new cabinet during a ceremony at Government House in Victoria on Wednesday. While B.C.'s next election is scheduled for the fall of 2024, the new cabinet could set in motion the countdown for an early vote next fall, said Prof. David Black, a political communications expert at Victoria's Royal Roads University.
The driver was arrested and police seized approximately: 8 kilograms of suspected fentanyl powder; 500 grams of suspected fentanyl pills; 1.5 kilograms of suspected crystal methamphetamine; 1.5 kilograms of suspected heroin; 400 milliliters of codeine.
Hospitalizations among both young children and seniors have increased sharply over recent weeks during a flu season that started earlier than usual. Infectious diseases specialist Dr. Isaac Bogoch said he's already seeing more seniors with flu as in-patients at Toronto General Hospital.
Karen Hogan estimates $4.6 billion was paid to people who were not eligible, while another $27.4 billion in payments to individuals and businesses should be further investigated. Pre-payment controls were also lacking, though the report said the federal government made some changes to those controls for individual benefits.
A mix of light snow, rain and freezing rain is in the forecast for parts Metro Vancouver, the Fraser Valley and eastern Vancouver Island. On Monday, Environment Canada says daily cold temperature records were broken in Bella Bella, Port Hardy and Squamish.
Mounties responded to an assault that occurred inside Superstore located at 1-3000 Lougheed Hwy in Coquitlam between 4:20 p.m. and 4:40 p.m. on November 4. The suspect assaulted a woman who was seen with a small child.
