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.
On November 25, 2021, at approximately 12:00 p.m., Surrey RCMP responded the report of a shooting in the 2900-block of 160 Street. One man was shot in the driveway of a residence. The victim was taken to local hospital with what is believed to be non-life threatening injuries.
The new survey says 743 homicides were reported by Canadian police in 2020 — a figure that was the most since 1991 and includes the 22 victims of a gunman's rampage that began in Portapique, N.S., in April of last year.
Freeland was responding today to criticism in the House of Commons from Conservative foreign affairs critic Michael Chong who said the Liberal government is not being effective against a series of protectionist trade measures by the Biden administration.
The flooding hit on Nov. 15, with a subsequent mudslide wiping out the highway and destroying or damaging dozens of properties in the area. B.C.'s Ministry of Transportation did not return an immediate request for comment on an estimate on how long repairs to the highway would take.
Amita Kuttner, an expert in black holes, was appointed Wednesday by the Greens' Federal Council to lead the party until a new leader is elected next year. Kuttner, 30, will be the youngest person as well as the first trans person and person of east-Asian descent to lead a federal political party.
The research, conducted by Natural Resources Canada and published Thursday in the journal Nature, says rising temperatures and falling humidity are the biggest drivers of the change.
