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.
Sim and the new council were sworn in at an inauguration ceremony at the Orpheum theatre where he also called for help from the federal and provincial governments to address the opioid crisis.
On Saturday, at 1am, officials were called to a home at 3030 Trethewey Street and residents inside the home were evacuated safely. Via release, police say "As a result of the preliminary investigation, this fire is being treated as suspicious,".
Health Canada says that four pharmaceutical companies are experiencing shortages of drugs that contain amoxicillin, an antibiotic medication that’s commonly used to treat children with bronchitis, pneumonia and ear infections.
The meetings in Vancouver are the first time all of Canada's health ministers have gathered in person since 2018. The premiers met in July, when they asked the federal government to increase health transfers to 35 per cent, up from what they said was 22 per cent funding.
Strong winds continue to buffet parts of coastal B.C. and the central Interior, packing gusts of at least 110 kilometres per hour along the north and central coasts, pushing wind chill factors in Terrace and elsewhere to -20 or lower.
The service says 171 people died of toxic drugs in September, bringing the total for the year to 1,644, the largest number ever recorded for the first nine months of a calendar year.
