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.
Dr. Bonnie Henry says 706 people have been hospitalized in the last week, but the numbers appear to be peaking. She says patients who contracted the dominant Omicron variant are going home in about half the time compared with those who are sickened with the Delta variant.
Jody Wilson-Raybould says allowing Indigenous self-determination would support the cultural, social and economic well-being of Indigenous Peoples, while giving nations, governments and industry the certainty needed during a transitional time.
Leader Jagmeet Singh is putting his weight behind the bill, tabled by his NDP colleague Gord Johns, decriminalizing the possession of small amounts of drugs including cocaine and heroin.
He wrote that MPs who want him out are confused about what direction to take the Conservative party--which has been a source of concern under O'Toole's tenure.
The growth in November pushed the GDP above pre-pandemic levels by 0.2 per cent, the agency says. The agency also says its initial estimate for December suggests real GDP was essentially unchanged for the final month of 2021 to bring growth to 4.9 per cent for the full year.
Donald Trump himself shouted out Ottawa's so-called "trucker convoy" during a speech Saturday in Texas. One of Trump's most controversial supporters in Congress, Georgia Rep. Marjorie Taylor Greene, also expressed solidarity.
