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.
New data from Statistics Canada show the number of hate crimes reported to police across the country went up 37 per cent in the first year of the COVID-19 pandemic compared with the previous year. The agency says 2,669 hate crimes were reported in 2020 — the highest number since comparable data became available in 2009.
The National Advisory Committee on Immunization has released new guidelines that favour giving kids a Pfizer-BioNTech COVID-19 vaccine over the newly approved Moderna version. Health Canada approved Moderna's pediatric COVID-19 vaccine for kids ages six to 11 on Thursday.
In Canada, the daily average number of people in hospital with COVID-19 declined by 11 per cent since last week, and the number of people in intensive care declined by 14 per cent.
Federal Conservatives and their supporters have long been calling for the removal of vaccine mandates for domestic air travellers, public servants and those working in federally regulated industries.
A memo to councillors released by the city says almost all of the $36.3-million bill is linked to policing the protest that clogged city streets by Parliament Hill in the downtown core.
Unifor Western Regional Director Gavin McGarrigle says in a statement that progress was being made during two days of negotiations before they ended late Thursday.
