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 group, called Protect our Province B.C., is made up of a range of doctors and medical researchers, and held a panel discussion Wednesday highlighting how the virus is spread through aerosol transmission.
Trudeau has said an early priority of his newly re-elected government will be to give all federally regulated workers 10 days of paid sick leave, and work with provinces and territories on better sick-leave policies for all Canadians.
There are 4,888 active cases of COVID-19 in the province and 192,189 people who tested positive have recovered. Of the active cases, 370 individuals are in hospital and 139 are in intensive care.
That heat wave lasted several weeks and saw the town of Lytton, B.C., destroyed by a fire a day after it recorded a temperature of 49.6 C, the highest temperature ever seen in Canada.
Katrine Conroy told the legislature the proposed changes align forestry legislation with the Declaration on the Rights of Indigenous Peoples Act passed in late 2019 and introduce "new tools to establish resilient forests."
The police board says it launched a review of the department's protocols when Maxwell Johnson and his granddaughter were handcuffed after trying to open an account at the Bank of Montreal using their government-issued status cards.
