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.
While this doesn't mean a deal to purchase the stealth fighter is officially done, it does mean Canada is on the verge of finally choosing a replacement for its aging CF-18s.
The Early Resolution and Case Management Model, developed by the Ministry of Attorney General and the B.C. provincial court,was launched as a pilot project in Victoria in 2019.
There are 260 individuals hospitalized with COVID-19 and 50 are in intensive care. In the past 24 hours, two new deaths have been reported, for an overall total of 2,983.
The platform says proposed legislation obliging platforms to promote Canadian content risks downgrading the popularity of that content abroad — and the foreign earnings many Canadian YouTubers rely on.
The money, included in the newly tabled Bill C-17, follows a $4-billion top-up to the federal health transfer last summer and is expected to be a one-time payment, distributed equally based on population.
Most ICBC customers with a basic auto insurance policy during the month of February will be eligible for the $110 relief rebate. Most commercial customers will receive a rebate of $165 because they generally incur higher expenses.
