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.
Just after 4:30 a.m. on Friday, a man walked into the Tim Horton’s near Davie and Hornby and ordered a donut. As his order was being prepared, he pulled out a can of bear spray and sprayed the employee. The suspect was arrested for assault with a weapon and mischief over $5,000.
The government, Crown agency Innovate B.C., the Information and Communications Technology Council and Mitacs are spending a total of $29 million to create 3,000 jobs for those entering the technology sector this year.
The money is part of $12 million in funding the province announced in June after the discovery of what are believed to be the remains of more than 200 children at the site of the former residential school in Kamloops.
The driver of the vehicle, a 21-year-old male of Vancouver came to a stop after striking a parked car. He was arrested at scene, taken to a local hospital for minor injuries, later released, and will appear in court at a later date.
51 MPs, who lost their seats or decided not to stand again, qualify for a severance cheque worth half their salary — some $92,900 or more if they were a cabinet minister or chaired a committee.
In a post on Twitter, Transport Canada says direct flights from India can land in Canada, but travellers must have a negative COVID-19 test from an approved laboratory at the New Delhi airport no more than 18 hours before their departure.
