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.
Helijet president Danny Sitnam says the company has partnered with Blade, a technology company, to begin work to build and integrate the so-called electric vertical aircraft into its fleet.
The theft caught on camera shows a vehicle with its trunk already open pulling up to a doorstep with a large box sitting out front. Within moments, a woman from the vehicle grabs the package and is seen on camera jamming the box into the car.
Steven Staples with the Canadian Health Coalition says he's not surprised that the Nordorthopaedics Clinic in Kaunas, Lithuania, has reported a 50 per cent increase in Canadian patients during the COVID-19 pandemic.
The review by the Commons' chief human resources officer was ordered after MPs questioned how an allegation against former MP Raj Saini, who stepped down as a Liberal candidate in the election, was handled. Saini has firmly denied the allegations.
The Trudeau Liberals will provide an update on the health of federal finances on Dec. 14. The document will also provide the government's outlook for an economy facing high inflation rates, flooding in British Columbia and the emergence of a new variant of COVID-19.
Crews in the Sumas area between Abbotsford and Chilliwack were taking down a portable dam set up across Highway 1 to hold back floodwaters in anticipation of the reopening Thursday afternoon, B.C.'s Transportation Ministry said in a news release.
