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 changes would allow the Canada Border Services Agency to deny entry to, and remove, people who have been sanctioned, and would enable Immigration, Refugees and Citizenship Canada officials to deny visas.
At issue is whether Canada should be hosting Iran given the Canadians who died on Ukraine International Airlines Flight 752 when it was shot down on Jan. 8, 2020, minutes after taking off from Tehran, by an Iranian surface-to-air missile. The Canadian government says 55 Canadian citizens and 30 permanent residents were among the 176 people killed.
Environment Canada has issued special weather statements for all of Vancouver Island, the Sunshine Coast, Whistler, Howe Sound, the Fraser Valley and Metro Vancouver. The storm is predicted to bring up to 60 millimetres of rain in several of those areas.
The report, published this month by the Institute for Catastrophic Loss Reduction, says scientists found the root cause was "easily ignitable structures and homes, and not just a wildfire problem."
Metro Vancouver Transit Police have taken conduct of the file and are recommending one charge of assault for a 50-year-old man of no fixed address, who is known to police. The suspect was released at the scene with a court appearance scheduled for June 8, 2022.
Travellers who arrive in Canada are subject to random COVID-19 tests and must answer public-health questions on the ArriveCan app. Interim president Monette Pasher says the extra steps mean it takes four times longer to process passengers who come through customs than it did before the COVID-19 pandemic.
