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.
The federal NDP's critic for economic development has written to the heads of Canada's biggest supermarkets asking them to restore "pandemic pay," which was brought in after COVID-19 first struck and then cancelled.
All 176 people on board died, including 55 Canadian citizens and 30 permanent residents, along with nationals of Britain, Ukraine, Afghanistan and Sweden.
Prime Minister Justin Trudeau says Canada is "continuing to do more than our share" on vaccine donations but because no vaccines are yet made in Canada, there is not much the country can do to speed up donations.
Those who own and live in their homes in Metro Vancouver, the Fraser Valley and Capital Regional districts are eligible for the $570 basic grant, or up to $845 for those with a disability or who are 65 and older.
On Tuesday, Jan 3,2022 shortly before 8:30 a.m., frontline Richmond RCMP officers responded to Richmond General Hospital for a report of a man suffering from injuries consistent with a shooting. The man was able to receive emergency medical assistance.
Prime Minister Justin Trudeau says the federal government is ramping up delivery of rapid tests to the provinces as tests run scarce across the country and access to molecular tests is restricted.
