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 federal Conservatives are urging the Liberal government to do more to ensure that Canadians who received two different doses of COVID-19 vaccines are able to travel internationally.
A statement from the Integrated Homicide Investigation Team says police in New Westminster responded to a call about an unresponsive one-year-old around 4:20 a.m. on Saturday.
81.0% (3,753,057) of eligible people 12 and older in B.C. have received their first dose of COVID-19 vaccine and 64.1% (2,971,793) have received their second dose.
The driver was arrested at the scene. Charges for assaulting a police officer with a weapon, dangerous operation of a motor vehicle and excessive speed have been recommended against him.
The warning comes as statistics from the B.C. government show 1,251 wildfires have charred more than 4,500 square kilometres of bush since the start of the fire season on April 1.
The Public Service Alliance of Canada and its Customs and Immigration Union says the CBSA and Treasury Board Secretariat committed to resuming negotiations within hours of the strike threat.
