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.
Meng, the tech giant's chief financial officer and daughter of the company's founder, has been under house arrest in Vancouver as she awaits possible extradition to the United States.
Premier John Horgan says his government is working to allocate funding to buy more naloxone kits, which have successfully been used to reverse opioid overdoses in thousands of people in the province.
The journalists from CTV News, Global News and the Hill Times had asked about the People's Party's endorsement by white nationalist groups, fears among racialized Canadians about what the party represents and whether it tolerates potential acts of hate by supporters on the campaign trail.
The cost estimate from the Insurance Bureau of Canada says the so-called White Rock Lake fire destroyed 78 properties in the Central Okanagan. The bureau says the fire was one of the most destructive blazes in the province this year and they are expecting more than 800 claims related to the disaster.
Burnaby RCMP would like to take this moment to remind those who are involved in ongoing demonstrations that police are an impartial party and are there to ensure the safety of everyone involved.
