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.
An impact analysis of the Clean Fuel Regulations published Wednesday estimates they will cut about 18 million tonnes of greenhouse gas emissions in 2030, or five to six per cent of what Canada needs to eliminate to meet its current targets for that year.
In a release Wednesday, the Public Health Agency of Canada also said it will continue the pause of mandatory random testing for fully vaccinated travellers at all airports until mid-July.
VPD officers responded to reports of an assault near East First Avenue and Main Street at 4:30 p.m. on June 2. Scott Carver, 56, was taken to hospital where he succumbed to his injuries and died. A 61-year-old man has been arrested. Investigators believe the suspect and victim knew each other.
Canada Day celebrations are making a return after two years of scaled-down festivities because of the COVID-19 pandemic, but some Canadians hoping to catch a traditional parade may be out of luck. Several cities say the rising cost of security and insurance, in addition to troubles securing funding, is forcing them to rethink their celebrations.
Both suspects were shot and killed as police responded to the robbery and six officers were wounded. Chief Const. Dean Duthie says two officers were seriously hurt and underwent surgery late Tuesday.
The province launched a class-action lawsuit in 2018 against more than 40 drug companies on behalf of all federal, provincial and territorial governments with the aim of recovering health-care costs for the "wrongful conduct of opioid manufacturers, distributors and their consultants."
