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 need for blood products tailed off dramatically 16 months ago as the pandemic brought travel to a near standstill and all but the most critical surgeries were cancelled.
Under the proposed rules, a digital safety commissioner would help enforce a new regime that requires social media companies to weed out child pornography, terrorist content, hate speech and other harmful posts.
The U.S. Geological Survey says an 8.2 magnitude quake hit off the Alaska Peninsula roughly 800 kilometres southwest of Anchorage at about 9:15 p.m. Pacific time.
Dr. Deena Hinshaw, Alberta's chief medical officer of health, announced a two-phased approach Wednesday to eliminate the few remaining public health orders in the province.
Dr. Sue Pollock, the chief medical health officer for Interior Health, says starting at midnight, masks must be worn in all indoor public places in central Okanagan communities including Peachland, West Kelowna, Kelowna, Lake Country and West Bank First Nations lands.
