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.
Conservative Leader Erin O'Toole and the NDP's Jagmeet Singh delivered their official responses to last week's throne speech, which outlines the Liberal government's priorities for the current Parliament.
A Quebec Superior Court judge has dismissed a defamation suit brought against Prime Minister Justin Trudeau by a woman who heckled him at a 2018 rally south of Montreal. Justice Michèle Monast wrote in a decision released Monday that Diane Blain's lawsuit was ill-founded and abusive.
Statistics Canada said Tuesday the economy grew at an annual rate of 5.4 per cent in the third quarter of this year as COVID-19 restrictions eased and household spending rose.
The policy came into effect on Oct. 30, but the federal government allowed a short transition period for unvaccinated travellers who could board as long as they provided a negative molecular COVID-19 test taken within 72 hours before their trip.
The report included eight procedures: hip replacement, cataract surgery, knee replacement, MRI scans, CT scans, coronary artery bypass and breast cancer surgery.
A study led by researchers from the University of Manitoba, published today in the journal Nature Communications,says the region will see a steep increase in rain 20 years earlier than predicted.
