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.
There are 25,554 active cases of COVID-19 in the province, and 299,657 people who tested positive have recovered. Of the active cases, 985 COVID-positive individuals are in hospital and 145 are in intensive care. The remaining people are recovering at home in self-isolation.
In October of 2021, police received information that a mixed martial arts trainer based out of Pitt Meadows had allegedly sexually exploited a female youth, for several years, during training sessions dating back to 2016.
The Canada Border Services Agency created widespread confusion last month after it issued a statement to media saying that unvaccinated truckers would remain exempt from quarantine and testing requirements after entering the country at the Canada-U.S. border.
The Liberals' budget last year set aside $29.8 billion in new spending starting this fiscal year through to 2026 for the Canada-wide system by sending money to provinces and territories to cover costs.
New Democrat MP Alistair MacGregor won the unanimous approval today of the House of Commons public safety committee to invite representatives from the crowdfunding website to answer questions about its security measures to ensure its funds are not used to promote extremism.
