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.
Two men are facing charges after a fire in downtown Nanaimo. R-C-M-P say it happened on Saturday night when a patrol officer saw smoke and flames coming from a commercial building.
Eby is imploring the company and its CEO, Mark Zuckerberg, to open up access to critical information that could keep residents safe as the province grapples with devastating wildfires that have forced thousands of people from their homes.
Early estimates suggest wildfires burning on both sides of British Columbia's Okanagan Lake have destroyed almost 60 structures in Kelowna area, officials said Monday. Fire chiefs from West Kelowna, Kelowna, and Lake Country said homes have been destroyed in their communities, with West Kelowna sustaining the most losses and higher numbers still expected.
Metro Vancouver’s transit authority is boosting bus services this fall as students return to schools across the region. TransLink says it will increase service levels on 22 bus routes starting on September 4, in addition to introducing a new extension for route 44 directly linking West Vancouver and U-B-C.
Police in Vancouver says a man has been arrested for assaulting people on the city's seawall this weekend. The department says on social media that officers responded to reports of the attacks Saturday.
A new study has found that previous infection with an Omicron variant of COVID-19 did not protect seniors in long-term care and retirement homes from getting reinfected within a few months. Senior author and McMaster University immunologist Dawn Bowdish says the study results are surprising because they challenge the current thinking about hybrid immunity.
