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 first two cases of the virus in Canada were confirmed in Quebec on Thursday, but chief public health officer Dr. Theresa Tam says a couple dozen possible cases are being investigated and the federal public health agency still does not know how widespread it might be.
On May 18 2022, 24-year-old, Adam Alexander Newbigging was charged with Sexual Assault and Sexual Interference and a warrant was issued for his arrest. He was arrested the following day and remains in custody awaiting a court appearance.
Premier John Horgan says the "broken system" of fossil-fuel subsidies doesn't fit with his government's climate goals or ensure people benefit from the resources.
B.C.'s Ministry of Agriculture says in a statement the infected farm has been placed under quarantine by the Canadian Food Inspection Agency and producers within a 10-kilometre radius have been sent notices about the discovery.
The Omicron variant is still the most prominent and that people can spread the virus to others even if they have been vaccinated and don't have symptoms. Breakthrough infections from new variants can occur in people who are fully vaccinated.
