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.
Canada's top doctor is urging the federal government to transform its public health system so the country is better equipped to handle future and present health threats. Chief public health officer Dr. Theresa Tam says the COVID-19 pandemic was a wake-up call on the need for "public health renewal" in Canada.
Trudeau says the two countries have been building cars together for more than 50 years — an alliance threatened by President Joe Biden's efforts to boost sales of vehicles made in the U.S. with union labour.
British Columbia health officials say 10 cases of the Omicron variant of COVID-19 have now been identified in the province. The Health Ministry said in a news release Friday the variant of concern has been found in the Vancouver Coastal, Fraser and Island Health regions.
In a letter to key members of the U.S. Senate, Deputy Prime Minister Chrystia Freeland and Trade Minister Mary Ng are promising retaliatory tariffs on American products if the tax credit proposal becomes law.
Popham says the devastation has stressed the need and importance of a federal partnership to ensure support for the farmers who have fed Canadians for years. She says visiting the area gave them a first-hand understanding of the situation and priorities.
The BC Prosecution Service says the charge comes after Mayor Doug McCallum complained to the RCMP that he was verbally assaulted and hit by a car. There were public discussions at the time about Surrey replacing the RCMP with a municipal police force and McCallum said he was attacked during a "Keep the RCMP in Surrey" gathering at a grocery store.
