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.
Budget officer Yves Giroux's report focuses on costs related to the three-year minimum sentence for possession of a prohibited firearm with ammunition, in force since 2008.
Canada was one of several dozen countries to refer the Ukraine situation to the prosecutor's office of the court. Mendicino said Canada was sending the additional police resources at the request of the prosecutor's office.
There are 273 individuals hospitalized with COVID-19 and 46 are in intensive care. In the past 24 hours, one new death (Northern Health) has been reported, for an overall total of 2,990.
The Vancouver-based athletic clothing company, which reports in U.S. dollars, says it earned US$434.5 million or US$3.36 per diluted share in the quarter, up from US$329.8 million or US$2.52 per share a year earlier.
Following a preliminary review, RCMP began a criminal investigation in December 2020. The Transportation Safety Board has said the westbound train had been parked on a grade with its air brakes applied for two hours when it began rolling on its own.
RCMP say Damion Ryan, who is 41, was arrested in Ontario last month and is facing numerous charges related to firearms and drug trafficking. They say he is a full-patch Hells Angels member for the motorcycle gang’s Attica chapter in Greece.
