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.
Chief public health officer Dr. Theresa Tam said Thursday in a virtual update that the triple threat of all three viruses is posing a challenge for the health system in several parts of the country and points to the need for "stepped up precautions."
Robert Leeming, who is 37, pleaded guilty to the second-degree murder of Jasmine Lovett, but not guilty in the death of 22-month-old Aliyah Sanderson. He was convicted earlier this year of second-degree murder in the child's death.
The federal government provided the fund last December, just weeks after an intense rainstorm washed away highways, swelled area rivers and overwhelmed dikes in the low-lying Fraser Valley, inundating key agricultural land around Abbotsford.
"We will challenge China when we ought to, and we will co-operate with China when we must," Joly said in a Wednesday morning speech, adding that Canada will seek deeper ties with more democratic, reliable countries such as India.
The ASEAN summit, which is scheduled to start on Saturday, is the first of four international meetings that Trudeau will attend over 10 days. He will also attend the G20 in Indonesia, the APEC meeting in Thailand and a Francophonie summit in Tunisia.
Delta Police Department responded to reports of shots fired in the area of 92A Ave and 117 Street in North Delta. Upon arrival, officers located a 22-year-old man from Delta with significant gunshot injuries. The victim is recovering in the hospital from his injuries. The investigation is ongoing.
