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 country's headline inflation barometer clocked in at 3.7 per cent in July, which Statistics Canada said was the highest year-over-year increase since May 2011 as price growth accelerated from June.
The senior military officer, who has previously served in Afghanistan and Iraq, described the past three months as the most challenging period of his 36 years in uniform.
Meng's defence team has argued there was no risk to HSBC and the bank was entirely responsible for its own decision to clear a financial transaction through the United States, putting it at risk of violating American sanctions.
The B.C. Supreme Court statement of claim alleges the fire was set off by heat or sparks emanating from a CP freight train operated by CN employees on tracks owned by CN.
A new eight-lane immersed-tube tunnel will replace the George Massey Tunnel on Highway 99, providing people a toll-free crossing that aligns with regional interests and improves transit, cycling and walking connections across the Fraser River.
The B.C. Supreme Court judge is expected to reserve her decision following the submissions as she considers whether the United States has presented enough evidence of fraud to support its case and have the Huawei executive extradited to face charges.
