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.
In a Twitter post Sunday night, the department said Aeroflot flight 111 violated the prohibition that was imposed earlier in the day in response to Russia's invasion of Ukraine.
Earlier this month, the Real Estate Board of Greater Vancouver said a lack of supply caused January home sales to slow from a record-setting pace last year, nonetheless pushing the benchmark price up 18.5 per cent from last January, to about $1.2 million.
The Kelowna RCMP say in a news release Monday that the 24-year-old woman who was allegedly assaulted Saturday morning while working on campus succumbed to her injuries.
Municipal Affairs Minister Nathan Cullen said the new program responds to municipalities that have asked for more flexible and consistent funding to implement projects that support the province's climate plans and their own goals.
The panel found climate change costs in Canada have risen to about $1.9 billion from about $400 million in 1983. Just fighting wildfires, a threat exacerbated by climate change, could reach $1 billion a year — a figure already reached in six of the last 10 years.
Prime Minister Justin Trudeau said Russian President Vladimir Putin has created a refugee crisis, and the United Nations Refugee Agency, UNHCR, said about 500,000 people in Ukraine have fled to neighbouring countries so far.
