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.
Education Minister Jennifer Whiteside says families are already struggling with rising costs due to inflation and the government's fund aims to take the sting out of costs associated with the return to school next month. Whiteside says every school district in the province will receive a minimum of $250,000.
The attack occurred outside a convenience store near Commercial Drive and East 10th Avenue in the early hours of July 31. Shortly after midnight, a 42-year-old man stopped to buy a slurpee. There was a brief verbal confrontation between the man and another person who was waiting in line, and when the victim left the store he was jumped by three men.
The report, titled "Aquanomics," is being published today by GHD, a global engineering and architecture services firm. GHD's Canadian water lead Don Holland said there are lots of reports that count up insured losses and physical damage after major events like last fall's atmospheric river in British Columbia.
Celebrity Cruises says the Celebrity Eclipse, which had been due to depart Sunday afternoon, is unable to leave the Port of Vancouver without the tugs and staff are "working diligently" with local authorities to resolve the situation so the ship can sail.
Yet while cabinet ministers say the additional hires have started to make a difference, they acknowledge that far more work is needed when it comes to providing Canadians with the services they deserve. The comments came during an update on the work of the government's special task force to help tackle major delays with immigration applications and passport processing.
A semi truck was travelling westbound on Highway 17 when the driver smelled smoke. After the driver pulled over, the vehicle ignited into flames. The subsequent fire resulted in the vehicle sustaining major damage.
