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.
Vancouver police confirm a 46-year-old Surrey, B.C., man has not been seen since renting a motorboat from Granville Island on Wednesday. Police say he was planning to cross English Bay heading toward Bowen Island.
Many of the break-ins have occurred in parkade storage lockers, where thieves have made off with expensive items. However, there have been several break & enters to residences, some of which have been occupied.
In central B.C., flood watches have been posted for the Skeena, Bulkley, Quesnel and Horsefly rivers and their tributaries, while a high streamflow advisory is in place for a 600-kilometre stretch of the Fraser River, from Quesnel through Metro Vancouver to the ocean.
Raj Grewal parted ways with the Liberals in the fall of 2018 just three years after first being elected, and he later acknowledged having a gambling addiction. In September 2020 he was charged by the RCMP with four counts of breach of trust and one of fraud over $5,000.
The Crown corporation said the electrification of its 14,000 vehicles will serve its commitment to reduce its environmental footprint and reach net-zero emissions by 2050, earmarking $1 billion to do so.
A release from the coroners service also notes drug users on Vancouver Island and in northern areas of the province are particularly at risk of death from a toxic supply of substances, prompting chief coroner Lisa Lapointe to urge people not to use alone.
