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.
Several centimetres of slushy snow snarled Tuesday afternoon's rush hour across the south coast but that won't compare with the 10 to 30 centimetres of snow Environment Canada says will blanket southern B.C. on Wednesday night before easing Thursday.
The Real Estate Board of Greater Vancouver says home sales in Metro Vancouver hit an all-time record last year. The board says sales in 2021 rose 42.2 per cent to 43,999 compared with 30,944 in 2020.
She urged businesses that require employees to come into a workplace to use multiple protocols including staggering shifts and break times, using Plexiglas barriers and limiting the number of customers entering the premises.
There are 27,106 active cases of COVID-19 in the province, and 236,309 people who tested positive have recovered. Of the active cases, 298 individuals are in hospital and 86 are in intensive care. The remaining people are recovering at home in self-isolation.
Ontario health officials said the province would delay all surgeries deemed non-urgent starting Wednesday as the province grapples with the dual pressures of rising admissions and increased staff absences.
Videos of the Dec. 30 flight shared on social media appear to show passengers not wearing masks as they gather in close proximity, singing and dancing in the aisle and on seats. In one video, a large bottle of vodka appears to be passed among passengers, and later a woman appears to be smoking an electronic cigarette on the plane.
