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.
Frontline officers located similar graffiti on a nearby elementary school while in the area investigating. As well in September 2022, there was a similar incident of graffiti where the same fence and school were vandalized.
The Canadian Paediatric Society said the advice was even more urgent for families with young kids, as influenza is spreading rapidly, along with surges of COVID-19 and respiratory syncytial virus.
The funding is part of an extra $2 billion allocated in this year’s federal budget to renew and expand the Oceans Protection Plan over nine years. Among the projects are plans to set up a national system for all marine pollution incidents, which includes preparing for releases of hazardous or noxious substances from ships.
The BC Wildfire Service says the fire discovered Thursday is believed to be human-caused and is just over one hectare in size. Many parts of British Columbia have experienced drought conditions this fall, in stark contrast to the torrential rains that wreaked havoc on the province one year ago.
Eby says people and small businesses in the province are feeling the squeeze of global inflation and his government is focused on helping residents most impacted by the rising costs. The one-time cost-of-living credit will be applied automatically to residents' BC Hydro bills this fall.
While the prime minister did not offer further details, the statement followed the government’s decision in the summer to send two Royal Canadian Navy frigates to the Asia-Pacific region at the same time, as a sign of Canada’s increased engagement.
