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.
Immigration Minister Sean Fraser says Ukrainians fleeing Russian aggression can find a safe haven in Canada using expedited temporary visas for emergency travel. The minister also announced a new reunification program for Ukrainians with family in Canada and wish to come on a permanent basis.
As the driver attempted to flee, he dropped a loaded handgun as he was running away from police. SGET officers took possession of the suspected firearm. The passenger was arrested a short distance away with assistance from the Metro Vancouver Transit Police.
Russia's invasion of a sovereign European nation has had wide-ranging energy implications, and is now being used as ammunition by oil and gas sector proponents who offer it as proof that Canada must grow its domestic fossil fuel sector if it wants to ensure energy security.
There are 517 individuals hospitalized with COVID-19 and 73 are in intensive care. In the past 24 hours, 10 new deaths have been reported, for an overall total of 2,883.
The man attempted to verbally engage with the woman before making an inappropriate comment and groping her. The suspect then hugged the victim before leaving the area.
Kahlon says the province wants to leverage B-C's contributions to developing and manufacturing COVID-19 vaccines towards learning how to deal with future pandemics.
