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.
RCMP say they responded to reports of shooting near Vernon and discovered a man's body at the scene. They say a man was arrested later the same day near Armstrong, B.C.
There are 5,458 active cases of COVID-19 in the province and 173,215 people who tested positive have recovered. Of the active cases, 324 individuals are in hospital and 157 are in intensive care. The remaining people are recovering at home in self-isolation.
Canada was to get 95 million doses of vaccine from Pfizer-BioNTech and Moderna by the end of September, but is about 20 million doses shy of that as of Wednesday.
The report from Thompson Rivers University in Kamloops, B.C., makes six recommendations, including ensuring remote and Indigenous communities have robust communications systems in place where emergency officials can relay fast and accurate information about wildfires.
Former parliamentary budget officer Kevin Page says the Liberals may want to release the document in November and use it to introduce some spending and tax measures.
Mail ballots have to be carefully checked to ensure they have been signed and that people have not already voted in person, or sent in more than one ballot by post.
