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.
Patrol members located a 16 year old victim receiving medical treated by school staff. The youth was transported to a local area hospital for treatment of his injuries which included a significant laceration to his head, and suspected concussion and broken arm.
Moderna says it's working on a submission to Health Canada for the approval a COVID-19 vaccine for children under the age of six. The biotech company on Thursday asked U.S. regulators to authorize low doses of its vaccine for children between six months and five years of age.
Today over a dozen ceremonies resumed in person, after holding virtual ceremonies for the past two years due to the COVID-19 pandemic. The Vancouver ceremony is at Jack Poole Plaza starting at 10:30 a.m. and is jointly hosted by the B.C. Federation of Labour, the Business Council of British Columbia, Vancouver & District Labour Council, and WorkSafeBC.
Vancouver police say they were responding to an alleged assault inside an apartment near Commercial Drive and Fifth Avenue. There was an exchange of gunfire with a man in his 40s and Const. Tania Visintin says the man died.
The Canadian military says nearly 1,000 members have been denied exemptions from the military's COVID-19 vaccine requirement. Vice-chief of the defence staff Lt.-Gen. Frances Allen says more than 1,300 members of the Canadian Armed Forces requested exemptions for medical or religious reasons.
Omar Alghabra's office says 42 tickets were issued, including 18 for non-compliance with vaccination requirements and 24 for violations of masking rules.
