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.
In June, female Afghan ministers begged Canada to “do something for us” as the Taliban advanced, says a Canadian senator who took part in a videoconference between Canadian and Afghan politicians.
The Trudeau Liberals have promised to bring in mandatory vaccination requirements for federally regulated workers, such as those employed by transportation, banks and telecommunication companies.
Economic Recovery Minister Ravi Kahlon says the New Democrat government will continue to offer relief, support and incentives to businesses, communities and families hit by the pandemic as it prepares to introduce a long-term recovery and economic strategy early next year.
Provincial health officer Dr. Bonnie Henry has said the latest data show a third dose is most effective about six months after the second. Those eligible will be getting their extra jabs along with influenza shots.
David Eby said Friday he had hoped that once tent encampments were dismantled, the Crown agency BC Housing and provincial staff would be able to find more permanent solutions for the homeless, but a surge in COVID-19 cases hasn't made that possible.
There are 6,317 active cases of COVID-19 in the province, and 178,980 people who tested positive have recovered. Of the active cases, 328 individuals are in hospital and 138 are in intensive care. The remaining people are recovering at home in self-isolation.
