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.
The RCMP wouldn't confirm Thursday if arrests had been made. A spokesperson for protesters who set up a blockade along the road said in a video posted online that officers had read out the injunction order and then began arresting people.
The Supreme Court of Canada has agreed to hear a case that hinges on the time police took to arrange a breath test for a Quebec man. Asked if he had been drinking, Breault said he'd had one beer, but insisted he had not been driving the vehicle, contradicting trail patrollers who had contacted the police.
Members of Citizens Supportive of Crowsnest Coal have been writing letters to Premier Jason Kenney and Energy Minister Sonya Savage that suggest the panel's report is likely to be skewed and one-sided.
Statistics Canada says about 84 per cent of completed census questionnaires were filled out online. The agency beat its goal to of having 80 per cent of census questionnaires completed online — an option made available for the first time to all regions of the country.
Canada and Mexico both are worried that the tax credit proposal, which if implemented as it stands would be worth up to $12,500 to a new car buyer, is too heavily geared toward U.S.-made vehicles.
The mayor of a city heavily impacted by flooding in southern British Columbia says farmers who stayed with their animals desperately need water for livestock. Henry Braun said Thursday that water levels in Abbotsford continue to fluctuate in the Sumas Prairie area two days after an evacuation order was issued.
