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.
Several pandemic restrictions are in place at Canadian airports and land borders, including vaccine mandates, random COVID-19 tests and the requirement that international travellers answer pandemic-related questions on the ArriveCan app.
The announcement is expected to be related to B.C.'s application for an exemption from Canada's drug laws to decriminalize possession of small amounts of illicit drugs for personal use by those aged 19 and up.
A social media post from Coun. Jack Hundial says he opened the meeting with a motion asking Surrey Mayor Doug McCallum to immediately step aside because court documents raise questions about McCallum's statements to police regarding an alleged assault.
The measure does not ban handguns outright, allowing current owners to continue to possess and use them, but seeks to cap the number already in Canada.
Corp. Alex Bérubé says the man attended the West Shore RCMP detachment on Monday and was released on an undertaking to appear in court Aug. 18. He says the man faces a criminal charge of mischief, however his name won't be released until the charge has been sworn in court.
BC Ferries continually seeks ways to enhance and add value to our customers’ experience and offering alcoholic beverages in select Coastal Cafes is in response to customer feedback. It will be served in limited quantities by staff who have their Serving It Right certification.
