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 glitch-prone app touted as an efficient border tool early in the pandemic has become a punching bag for critics who question its utility — but ArriveCan may be here to stay. The government insists it's a useful tool. Critics say it has outlived its use, if it ever had one.
Earlier, British Columbia's Environment Ministry had said that only one wolf was still missing at the zoo, located about 55 kilometres east of Vancouver in the community of Aldergrove. It did not say how many had escaped at the facility, which says it has nine adult grey wolves and six cubs.
Based on the initial information it appears that the fires were deliberately started. Due to the short time frame and close proximity of the fires police believe that they are likely related.
New data from the coroner's service says at least 1,095 residents are believed to have died from January to June this year, at an average of six deaths per day. The report found more than three-quarters of the those who died this year have been male, and most were between the ages of 30 and 59.
The figures are drawn from a survey conducted as part of an internal Canada Border Services Agency evaluation that looked at how the agency processed travellers, using a lens of gender, race, ethnicity, religion, age, and mental or physical disability, and the interaction between these factors.
The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but economists were widely expecting inflation to have since slowed. In its latest consumer price index report, Statistics Canada said the July saw the smallest monthly gains since December 2021.
