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.
Environment Canada is maintaining advisories for a portion of northeast B.C. and the southern half of the province and has extended air quality statements across southern Alberta. It warns that fine particulates contained in the smoke are likely to increase through the day.
Nomination information collated by non-profit group CivicInfo BC shows 37 B.C. mayoral candidates automatically won after the nomination period closed on Sept. 9 at 4 p.m Among them were Burnaby Mayor Mike Hurley and Port Coquitlam Mayor Brad West, both of whom get second terms.
The victim, a 22-year-old newcomer to Canada who was working for a meal-delivery service, was locking his bike to a street pole in Chinatown around 6 p.m. last night when he was approached from behind and attacked by someone he didn’t know.
Within hours, police received a number of tips from the public and a suspect was identified. With the assistance of Burnaby RCMP’s Investigative Support Team, frontline officers arrested an 86-year-old Burnaby man. The man was transported to Burnaby detachment and later released with numerous conditions.
Finance Minister Selina Robinson says preliminary financial numbers for the first three months of 2022-23 show the province is in a strong position despite ongoing global economic risks. The quarterly report Robinson posted today also indicates financial improvements over the next three years, but includes forecasts of budget deficits for two of the three years.
The longtime MP cruised to the opposition leader's office with a blowout victory that saw him capture nearly all of the country's 338 ridings and nearly reach the 70 per cent support mark from party members.
