Sunday, February 22, 2026
ADVT 
National

Cdn economy stagnant in Q2

Darpan News Desk The Canadian Press, 01 Sep, 2023 11:01 AM
  • Cdn economy stagnant in Q2

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.    

MORE National ARTICLES

Ottawa investing $60 million for skills training

Ottawa investing $60 million for skills training
Federal Employment Minister Carla Qualtrough made the announcement in Charlottetown, where a skills-training company in the city — Workplace Learning PEI — is set to receive about $1.5 million.

Ottawa investing $60 million for skills training

Trump used bully tactics in NAFTA talks: Freeland

Trump used bully tactics in NAFTA talks: Freeland
Freeland is responding to a characterization of herself as a frustrating and difficult negotiator in a new memoir by Trump's son-in-law and senior adviser Jared Kushner. Freeland was the foreign affairs minister at the time and as such was Canada's chief negotiator in the talks.

Trump used bully tactics in NAFTA talks: Freeland

Visa delays leave international students in limbo

Visa delays leave international students in limbo
Students, universities, immigration consultants and even the High Commission of India have raised concerns about delayed visas putting many students' studies at risk. The High Commission of India in Ottawa said in a statement it was talking to Canadian universities about what can be done to accommodate the large number of Indian international students who are still waiting for visas.

Visa delays leave international students in limbo

Housing with OD services to be offered in Nanaimo

Housing with OD services to be offered in Nanaimo
Mental Health and Addictions Minister Sheila Malcolmson has announced the project in the Vancouver Island community alongside Mayor Leonard Krog, and she says in a release that the aim is to provide services in existing supportive housing.

Housing with OD services to be offered in Nanaimo

Man charged over multiple attacks in Vancouver

Man charged over multiple attacks in Vancouver
They include a 70-year-old man who police say was tackled to the ground, a 33-year-old woman who was punched in the face and a 23-year-old woman police say had been stabbed.  

Man charged over multiple attacks in Vancouver

Two B.C. blazes to lose 'wildfire of note' status

Two B.C. blazes to lose 'wildfire of note' status
The downgrading of the fires comes as Environment Canada issues heat warnings for Whistler, Squamish, Sunshine Coast, East Vancouver Island and Inland Vancouver Island.

Two B.C. blazes to lose 'wildfire of note' status