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.
Re-elected Alberta MP Garnett Genuis recently penned a piece for a conservative news site discussing the Tories’ election promise to "protect the conscience rights of health-care professionals."
The NDP leader signalled a tougher stance on co-operation with the Liberals in Parliament, stating that he will "not take pretty or nice words for granted" from Prime Minister Justin Trudeau.
The National Police Federation, which represents front-line RCMP officers, said Thursday it was reviewing details of the new federal policy and would soon issue a statement to members.
Parent groups and the BC Teachers' Federation have called for all school districts to introduce a COVID-19 vaccine mandate in the absence of a provincewide order, while the New Westminster board of education has asked for a legal opinion on making the shots mandatory.
There are 5,929 active cases of COVID-19 in the province and 183,406 people who tested positive have recovered. Of the active cases, 373 individuals are in hospital and 132 are in intensive care.
A statement on Thursday from the First Nation in Kamloops, B.C., said the lack of a response to two letters was "an added insult," but it looks forward to welcoming Trudeau in the community later this month.
