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 premier did not stay for an interview, but later, while in the chamber of the legislature, he jokingly warned other politicians that the media was back in the building looking for stories.
The Lions Gate Bridge will be closed to vehicle traffic in both directions for three nights beginning Friday, April 29, 2022. The closures are necessary to complete the counterflow system upgrade, which will include a changeover and testing of the electrical system.
The federal government is investing $6.7 million on a Canada-wide research platform to better understand the impact of COVID-19 on children. Federal Health Minister Jean-Yves Duclos told reporters today in Montreal the platform will involve researchers at 16 Canadian institutions.
Two weeks ago the central bank raised its key interest rate a half point to one per cent and warned more rate hikes would be coming as it works toward an inflation target of two per cent.
Seth Berkley, the head of GAVI, says while countries such as a Canada are offering fourth doses of COVID-19 vaccines with vaccination rates above 80 per cent of its population, the global rate is just 59 per cent. He says in the poorest 18 countries less than 10 per cent of people are fully vaccinated.
The vehicle, which is described as a newer model white Toyota Rav 4, was last seen northbound on Moody Ave. from East 11th Street. Police are appealing for anyone with dash cam or CCTV footage that may have captured the incident or the vehicle, to contact them.
