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.
The World Health Organization says it expects to reject the COVID-19 vaccine candidate from Canada's Medicago because of the company's ties to big tobacco. The two-dose Medicago Covifenz vaccine was authorized in Canada last month for adults between 18 and 64 years old.
Based on an inspection it was determined that the vehicles were intentionally lit on fire. Although this incident appears to be targeted, a motive has not yet been determined and the vehicle owners are not known to police.
There are 329 individuals hospitalized with COVID-19 and 51 are in intensive care. In the past 24 hours, eight new deaths have been reported, for an overall total of 2,953.
Public Safety Minister Mike Farnworth has appointed a three-person team including two former deputy ministers and a public policy consultant to do the review.
Prime Minister Justin Trudeau announced in May 2020 he was banning more than 1,500 models of firearms, including the AR-15. He also announced owners of these guns would have a two-year amnesty period to come into compliance with the prohibition.
In February, Health Minister Jean-Yves Duclos announced travellers coming to Canada would be able to present a negative rapid-antigen test at the border as an alternative to a more costly and time-consuming molecular test.
