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 cause of the blaze and extent of damage to the vessel wasn’t immediately clear, though the Canadian Joint Operations Command reported there were no injuries. The ship is docked in the Norwegian city of Trondheim for repairs.
Senior U.S. government officials outlined the measure in advance of Thursday's meeting that President Joe Biden is hosting at the White House with Prime Minister Justin Trudeau and Mexican President Andrés Manuel Lopez Obrador.
There's an urgent need to repair broken dikes in British Columbia's Fraser Valley with rain in the forecast and a river in Washington state still pushing water north, says the mayor of a community with the highest flood level.
There are 3,380 active cases of COVID-19 in the province, and 207,779 people who tested positive have recovered. Of the active cases, 379 individuals are in hospital and 109 are in intensive care. The remaining people are recovering at home in self-isolation.
B.C. Premier John Horgan declared the state of emergency, saying it will help preserve basic access to services and supplies for communities across the province.
Kay is also accused of assault in connection with an incident that occurred October 21 at the Pan Pacific Hotel. In that case, a man was arrested after he allegedly threatened to stab a stranger with a needle.
