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.
Tam advised Canadians to keep wearing masks and ensure vaccinations are up to date due to the risk of a rise in cases and in light of reduced public health measures.
The group of Ukrainian parliamentarians are in Ottawa this week to meet Prime Minister Justin Trudeau and other federal government officials in a desperate bid to secure more support.
Health Minister Adrian Dix says the province is preparing to provide an update this Tuesday on potentially making a fourth COVID-19 dose available to vulnerable people in British Columbia. The minister says discussions are underway about providing a second booster shot to clinically vulnerable people such as those in long-term care.
There are 281 individuals hospitalized with COVID-19 and 42 are in intensive care. In the past 24 hours, two new deaths (Fraser Health) have been reported, for an overall total of 2,998.
On March 10, 2022, just after 6 p.m., a man was chased into the Burquitlam SkyTrain Station by two suspects, one of whom was seen carrying a large machete. The man attempted to use a pylon to protect himself, while one of the suspects allegedly swung the machete in his direction several times. The machete eventually made contact with the side of the victim’s head.
Harjit Sajjan offered that view as a half dozen extra RCMP investigators head to The Hague to assist in the International Criminal Court investigation of alleged war crimes and crimes against humanity by Russia in its invasion of Ukraine.
