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 Finance Department's regular fiscal monitor says the budgetary deficit between April and July was just under $48.5 billion, down from the almost $148.6 billion recorded over the same months in 2020 when COVID-19 first struck.
Officials started counting mail ballots on Friday morning in Nanaimo-Ladysmith, a three-way battle between the NDP, Tories and Greens, according to Elections Canada. Votes tallied on election night from polling stations suggest the NDP have a narrow lead in the B.C. riding.
Parks said that in recent days some critically ill COVID-19 patients who should have been on ventilators were not getting them. That's on top of previously announced mass cancellations of surgeries, along with patient transfers, as doctors balance medical need with available space, he said.
George Chahal, a former city councillor, won the only non-Conservative seat in Calgary, edging out Conservative Jag Sahota in the riding of Calgary Skyview.
Meng, who appeared in court via video link, answered most of Judge Ann Donnelly's questions with simple yes and no answers, all with the help of a court-appointed translator.
The officers allegedly tried to stop a man for riding a bike with no helmet, lights or suitable reflectors near a SkyTrain station in May 2017, when he was injured.
