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.
Surrey RCMP were called to the building on 107a Ave. near King George Blvd. at about 8:20 p.m. Upon arrival, officers found a lower floor suite fully engulfed in flames, and began evacuating the building.
The British Columbia Prosecution Service says Susy Yasmine Saad entered the guilty plea in court on Monday to a single count affecting nine children, including one child who died.
At this time it is believed this was an unprovoked attack and the victim and suspect are not known to each other. The charges of one count of Aggravated Assault and one count of robbery against 30 year old Abdulkadir Hassan of Burnaby have been approved by Crown Counsel.
Also, 93.8% (4,058,015) of all eligible adults in B.C. have received their first dose, 91.5% (3,957,889) received their second dose and 59.5% (2,573,327) have received a third dose.
In the first three days of April, the police watchdog says it responded to six incidents, including two officer shootings, which highlights the significant staffing challenges.
A statement from Nanaimo RCMP says an on-duty officer witnessed the collision around 9:30 p.m. Monday and administered first aid until Emergency Health Services personnel arrived to take the pedestrian to hospital, where he later died.
