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.
Mounties were prepared to make arrests Tuesday at the Coutts crossing but backed off when there were safety concerns. Cpl. Curtis Peters says some vehicles left peacefully but others, including tractors, sped through police roadblocks to join the blockade.
More provinces say they are preparing to loosen COVID-19 restrictions in the coming weeks, even as virus-related hospitalizations remain high. British Columbia's provincial health officer, Dr. Bonnie Henry, said gathering restrictions will begin to slowly be eased later this month.
Evidence suggest that a person or persons associated to the previous owners may have been the intended target. The investigation is ongoing and police are working to identify the suspect(s). This shooting is believed to be targeted however not linked to lower mainland gang conflict.
Erin O'Toole has lost a vote to remain leader of the Conservative Party of Canada. The party's members of Parliament met virtually today to cast secret ballots after about one-third of them signed a notice that triggered a leadership review.
Nova Scotia's celebrity groundhog, Shubenacadie Sam, and Quebec's Fred la Marmotte both predicted a long, cold winter ahead, while Ontario's Wiarton Willie claimed an early spring is on the way.
A dozen of these travellers have been cleared to board an aircraft as a direct result of having the personal code since the program began in November 2020, says Public Safety Canada.
