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.
There are currently 5,357 active cases of COVID-19 in the province, and 153,967 people who tested positive have recovered. Of the active cases, 138 individuals are currently in hospital and 78 are in intensive care.
Starting Wednesday, B.C. is bringing back a public health order requiring people to wear masks in all indoor public spaces — including malls, grocery stores and on transit — to try to curb the spread of infections fuelled primarily by the Delta variant.
Witnesses intervened and came to the aid of the older victim, then called Vancouver Police. Responding officers were able to arrest the suspect before he left the area. Neither victim suffered serious injuries.
More than 150 youth had gathered in the park – many of which were under the influence of alcohol and other intoxicants. One youth climbed on to a police car, attempting to damage the cruiser.
In a news release, the RCMP say protesters tried to dig trenches along the Granite Mainline Forest Service Road and parked vehicles to prevent officers from leaving but the shallow pits were refilled and automobiles were towed.
Henry says about 75 per cent of B.C. residents are fully vaccinated against COVID-19, but that number needs to be higher as the Delta variant drives up case counts, putting those who are unvaccinated at greater risk of contracting the virus.
