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.
Const. Nicole Braithwaite of West Vancouver Police told a press conference today that the scene of the incident at the 400 block of Keith Road was “chaotic.” She says two women in their 60s were pronounced dead at the scene, and seven people were taken to hospital, two in critical condition.
Investigators believe the weapons were being used for protection and to intimidate others in the encampment. A 40-year-old from Vancouver, a 23-year-old from Burnaby and two men in their 20s from Surrey are due in court in October to face multiple charges.
The Canadian American Business Council's new campaign, "Travel Like it's 2019," aims to flood federal MPs with public demands for action. It calls on Ottawa to scrap the troublesome ArriveCan app, a mandatory pre-screening tool for visitors to Canada.
Canada purchased 4.5 million new doses and pushed up the delivery date for the 1.5 million doses originally scheduled to arrive in Canada next year. The agreement depends on Health Canada's approval of the bivalent vaccine, which was submitted for review on June 30.
Dozens of people have been left without a home after an apparent explosion sparked a fire between two buildings in Vancouver's Downtown Eastside. Assistant Fire Chief Pierre Morin with Vancouver Fire Rescue Services says social services staff are trying to house at least 40 people from the single-room occupancy hotels.
The ban will not apply to members working in the BC Wildfire Service during the current wildfire season. Last week, the 33,000-member union set up pickets around liquor distribution outlets to back demands like wage protection against inflation.
