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.
Premier David Eby, who was sworn in on Friday, says housing is one of the most critical issues that he will immediately address. The legislation includes provisions that allow the province to force municipal compliance, although the government says it doesn't expect that will be necessary for communities facing a housing crisis.
Police say they were called to the mall Monday morning for a "serious police incident." Staff Sgt. Dave Uppal says that they know of the trauma this shooting will have on many people and supports are in place for those who may need help.
McCallum said in brief remarks outside the courthouse Monday that he was “pleased with the decision.” He thanked his lawyers for “their tremendous efforts,” his family for “understanding and supporting me,” and the media for their “sensitivity” covering the case. “And to the people of Surrey, I love you. I love all of you,” he said.
Two men with guns entered the restaurant, near Commercial Drive and Kitchener Street, at the height of Sunday brunch. They pointed the weapons at staff and patrons, ordering the victims to hand over cellular phones and other valuables, then fled in a vehicle.
The 34-year-old victim was attempting to use a bank machine near Broadway and Commercial around 10 p.m. Saturday when she was approached by a stranger who asked for a cigarette. The victim refused, and the man allegedly shoved her against a wall and demanded money.
His proposed plan would fast-track affordable housing by speeding approvals, use government land for some projects, make all secondary suites across the province legal and allow homebuilders to replace a single-family house with up to three units on the same lot.
