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 new deal includes a series of fee increases and measures that the province says will provide more supports for Indigenous midwifery. A vote among members of the Midwives Association of British Columbia on July 31 garnered 99 per cent support for the agreement, with 89 per cent of eligible association members taking part in the ballot.
Harjot Singh Samra, 27, was to report to his halfway house in Vancouver once he was released from prison yesterday, but failed to do so. Samra is 5’9″, weighs 252 pounds, and has a heavy build. He has brown/black hair with a balding hairline, and brown eyes.
Emergency crews are at the scene of a collision between a fuel truck and a train in northern Alberta. RCMP say its officers received a report of the collision on Highway 43, near the junction of Highway 32, in Whitecourt, which is located about 180 kilometres northwest of Edmonton.
Officials have already said Canada is experiencing its worst fire season on record, charring more than 130,000 square kilometres to date, which is more than six times the 10-year average. Natural Resources Canada said last week there were more than 650 fires burning across Canada, about two-thirds of them in B.C.
An academic expert on inclusive politics says Prime Minister Justin Trudeau's move last month to introduce more diversity into his cabinet won't have much effect unless it goes beyond surface-level representation. Trudeau added seven new faces to his governing team in July including the first Filipina Canadian woman MP and the first Sri Lankan Tamil to serve in cabinet.
The average asking rent in Canada went up last month to a record two-thousand and 78 dollars. A new report from Rentals-dot-c-a and research firm Urbanation says the total is 8.9 per cent higher than a year earlier.
