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.
The deal comes after a massive Rogers Communications Inc. service disruption on July 8 that affected millions of Canadians. In the days after the outage, Champagne directed the CEOs of Rogers and other telecom companies to develop a backup plan to prevent a similar scenario, giving them 60 days to do so.
Horgan says inflation is driving up the costs of groceries, gas and other goods and services, and the next support measures will offer families a cushion during challenging times. About 85 per cent of people in B.C. are expected to benefit from the increase in the Climate Action Tax Credit payment, estimated to be worth up to $1,500 a year for a family of four.
Chilliwack RCMP arrested two 18 year old men in connection to this incident. One man has been released without charge while the other has been released on an undertaking to appear in court on September 27th.
Though each bus had passengers on board, no victims ever came forward and there were no reported injuries. In most cases the damage wasn’t noticed by the bus drivers until after they had finished their shifts.
After the caller provided a description of her surroundings patrol officers arrived on scene and confirmed she was being held inside an apartment unit on Hospital Street against her will. The victim attempted to climb over a balcony, however she was pulled back inside by the suspect.
The cabinet is holding the first full day of meetings at its annual retreat before the fall sitting of Parliament. Canadians have growing concerns about the cost of everything from food to fuel, and the Liberals are facing an opposition party that's likely to elect a new leader who is making the government's response to inflation his main target.
