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.
There are 4,982 active cases of COVID-19 in the province, and 197,396 people who tested positive have recovered. Of the active cases, 436 individuals are in hospital and 156 are in intensive care.
British Columbia’s provincial health officer has extended the mask mandate that requires masks be worn in all indoor public spaces throughout B.C. The previous order, which was set to expire on Oct. 31, 2021, has been extended to continue to slow the transmission of COVID-19.
On October 29, 2021, at 1:00 p.m. the Surrey RCMP received a report that a male was shot at a residence in the 11100 block of 136th Street. Upon attendance, police located a male suffering from a possible gunshot injury.
Residents who leave their remote communities to access essential services need not be vaccinated to board a plane, Omar Alghabra told a news conference outside Toronto International Pearson Airport.
The task force, assembled by the D.C.-based Wilson Center, says a risk-management approach to the border would have been less disruptive and damaging than the "zero-risk" approach that was adopted.
A statement from the board says 726 commercial properties sold in the Lower Mainland between April and June, a nearly 115 per cent increase from sales in the same period last year.
