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.
88.6% (4,107,666) of eligible people 12+ in BC have received their first dose of COVID-19 vaccine. 89.1% (3,853,731) received their second dose. 7,937,214 doses of vaccine have been administered.
Union president Teri Mooring said Friday that it's up to the provincial government to take leadership at a time when cases among schoolchildren are climbing instead of relying on 60 school districts to come up with their own vaccine mandates.
TransLink, Metro Vancouver's transportation network, and the Insurance Corporation of B.C. have announced their workers must be fully vaccinated by November.
Economic Recovery Minister Ravi Kahlon says the numbers indicate B.C.'s recovery during the COVID-19 pandemic is gaining strength provincewide, with the Prince George, Okanagan and Cariboo areas posting the strongest gains.
On October 4, just before 7:30 a.m., the victim confronted two men who were actively removing the catalytic converter from her vehicle, which was parked near Renfrew Street and East 1st Avenue. The suspects deployed bear spray when the victim approached them. The suspects are still outstanding.
Statistics Canada says the unemployment rate would have been 8.9 per cent in September, down from 9.1 per cent in August, had it included in calculations Canadians who wanted to work but didn't search for a job.
