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.
Investigators believe the collision was caused by an impaired driver who went the wrong way down Richards Street, before striking a tree and crashing through a construction fence near Richards and Pacific around 11 a.m.
David Shearing, who now goes by the name David Ennis, shot and killed George and Edith Bentley; their daughter, Jackie; and her husband, Bob Johnson, while the family was on a camping trip in the Clearwater Valley near Wells Gray Provincial Park, about 120 kilometres north of Kamloops, B.C., in 1982.
The country's headline inflation figure registered an annual increase of 4.1 per cent in August, fuelled by rising demand as more parts of the economy reopened amid supply-chain constraints for many goods.
The company says it has signed a $90-million, five-year contract with Emergent Biosolutions to make part of the drug substance, and also to fill and finish the vaccine, at its Winnipeg manufacturing plant.
The Ontario COVID-19 Science Advisory Table, a group that provides guidance to the province on the pandemic, said the post-COVID-19 symptoms affect about 10 per cent of those infected and can last from weeks to months.
A lawyer for Teal Cedar Products Ltd. told a B.C. Supreme Court judge that the protests against logging are becoming more sophisticated, organized and dangerous and “anarchy” will result if the extension is not granted until September 2022.
