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.
B-C Ferries wants customers to prepare for a busy Labour Day weekend. The company says advanced bookings for the holiday weekend show high passenger and vehicle volumes heading from the mainland to Vancouver Island and the Gulf Islands today through Saturday, with high eastbound traffic expected from Sunday to Monday.
The federal government needs to issue another $500 benefit payment for low-income families struggling to keep a roof over their heads, NDP Leader Jagmeet Singh said Thursday. Singh was in Sooke, B.C., on a cross-country summer tour where the national housing crisis and ongoing anxiety about the cost of living is taking centre stage.
The wildfire service says the bears threatened the safety of staff "within and around" the camp near Gold Bridge, about 100 kilometres west of Lillooet, prompting the decision to quit the camp Wednesday evening.
A man has died while hiking in B-C's southern Interior. RCMP say they received a report of a missing person on Monday after a man went paddling the night before on Vaseux Lake, north of Oliver.
R-C-M-P say they're investigating a series of break-ins at businesses in Surrey, including an incident this morning. The Mounties say eight break-ins and attempted break-ins have occurred this month and police believe all of them are related.
A 23-year-old man has been charged in the death of a Prince George woman. R-C-M-P say the B-C Prosecution Service has approved a charge offirst-degree murder in the death of the 22-year-old woman on July 18th.
