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.
Federal NDP Leader Jagmeet Singh wants the Liberal government to pay the cost of fixing Iqaluit's ongoing water emergency. The 8,000 people who live in Nunavut's capital haven't been able to drink their tap water since Oct. 12 when it was found to contain fuel.
The Green party is looking for an interim leader to take the helm before a fresh leadership election among its members. The troubled party, which has been beset by infighting and sniping, has accepted the resignation of Annamie Paul who last week stepped down.
Officers were called to Davie and Thurlow streets in response to a two-car collision between a Dodge Ram and a Toyota Prius. The impact of that collision resulted in the Dodge Ram skidding and hitting a wheelchair-bound man on the sidewalk of the intersection.
The James Webb Space Telescope is scheduled to blast off Dec. 18 aboard the Ariane 5 rocket from the Guiana Space Center in French Guiana. The orbiting infrared observatory, a collaboration between NASA and the European and Canadian space agencies, will be 100 times more powerful than its predecessor, the Hubble Space Telescope launched in 1990.
Wilkinson is three weeks removed from the cabinet shuffle that made him the fourth natural resources minister in the last six years. Now after helming the environment department tasked with combating climate change, he's in charge of the department that regulates and promotes many of the products that cause it.
Mélanie Joly is in Mexico City for meetings with counterpart Marcelo Ebrard before travelling to Washington, D.C., for the so-called Three Amigos summit Thursday.
