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.
For the first time, the COVID-19 virus has been detected in Canadian wildlife. Environment Canada says the virus was detected late last month in three wild white-tailed deer in Quebec.
British Columbia's website says eligibility will expand to those 18 and older as of January and Ontario hinted earlier this week that larger segments of the population could soon be included in its booster rollout.
It's too early to say whether Canada's latest requirement to test arriving air travellers for COVID-19 will be extended to include those coming from the United States, Transport Minister Omar Alghabra said Wednesday. The federal government is in discussions with the provinces on that issue but is ready to act to implement such a requirement for incoming U.S. air travellers if necessary, he said.
Several young Canadians are taking the federal government to court in an effort to strike down the minimum voting age. They argue that denying citizens under the age of 18 the right to vote in federal elections is unconstitutional.
Mary Ng met virtually Tuesday with U.S. Trade Representative Katherine Tai to talk about a number of festering trade irritants, including Canada's "significant concern" with a proposed tax credit for electric vehicles.
A government bill seeking to ban conversion therapy has cleared the House of Commons and is on its way to the Senate. Erin O'Toole had been set to once again allow his caucus to have a free vote on the bill, but also pledged that his MPs would work to get it passed quickly.
