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.
A Canada-wide warrant has been issued for a 52-year-old man whom police say failed to return to a psychiatric hospital in Calgary last week. Calgary police say Patrick Leo McGann is wanted nationally for being unlawfully at large and an Alberta-wide warrant has been issued for disobeying a court order.
Five paddlers and a dog were rescued from Kathleen River in Kluane National Park after they lost their canoe in rough water. Yukon R-C-M-P say it happened on Saturday when Parks Canada staff were told about the group of stranded paddlers.
The Supreme Court of Canada has refused to hear an appeal from three British Columbia churches that argued their constitutional rights were violated when provincial restrictions banned indoor religious services at the height of the COVID-19 pandemic. The case stems from orders issued by provincial health officer Dr. Bonnie Henry during the second wave of the pandemic more than two years ago.
Police in New Westminster are looking for witnesses after a stabbing sent a man to hospital. They say it happened on August 2nd at around noon when police received a call about a stabbing on the street in the city's downtown area.
British Columbia's government is warning that temperatures are expected to reach the high 30s starting this weekend. But Emergency Management Minister Bowinn Ma says a repeat of the 2021 heat dome that killed more than 615 people is not forecast.
The auditor's team was particularly concerned that there was no robust way of managing the inventory. The audit found the corporation did such a poor job keeping tabs on those objects that more than 800 were declared missing during inventory inspections between 2012 and 2022.
