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.
Earlier in the day, Musk made an offer to buy 100 per cent of Twitter at $54.20 per share, a 54 per cent premium over the closing price of Twitter on January 28, 2022, the trading day before Musk began investing in the company. This is a 38 per cent premium over the closing price of Twitter on April 1, 2022, the trading day before Musk's investment in Twitter was publicly announced.
Housing Minister Ahmed Hussen said the budget's plan to double housing starts over the next decade will aim to incentivize the construction of units needed by seniors who are downsizing, for example, as well as newcomer families.
Major wildfires, droughts and mudslides last year dramatically altered the landscape, raising questions about the river's ability to handle the spring thaw, or freshet.
She says all poultry producers, including backyard poultry owners, are advised to increase their biosecurity practices and carefully monitor their flocks for any sign of illness.
In an outspoken intervention into Indian politics, Singh says he is deeply concerned by images, videos and targeted threats of violence against the country's Muslim community.
The drug, named Evusheld, is intended for people who cannot receive a typical vaccine or for whom vaccines alone won't provide enough immunity. AstraZeneca says the drug is not a substitute for vaccination against COVID-19 for most people.
