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.
More than 580-thousand passengers and 210-thousand vehicles are expected to travel with BC Ferries between today and Tuesday. BC Ferries says it has pulled out all the stops to ensure smoother sailing this weekend.
A 26-year-old Uber driver who had been killed on Monday in an early morning collision in Vancouver involving three vehicles has been identified as Dilpreet Singh. A statement from Vancouver police says a red Cadillac carrying a 17-year-old driver and three teenage passengers slammed into a taxi just before 2 a.m. on Monday at Main Street and 12th Avenue and the taxi then broadsided the Uber vehicle.
The departure of Theresa Hanson, the university's director of athletics and recreation, comes four months after controversy erupted over the school's elimination of its varsity football program followed by the hiring of a lawyer to investigate claims made by one of its sports teams.
A union vote among British Columbia port workers is underway to determine the fate of a deal with employers that could bring their long-running industrial dispute to an end. The International Longshore and Warehouse Union Canada is holding its vote from 6 a.m. to 6 p.m. today and tomorrow to decide whether to ratify the agreement recommended by negotiators.
R-C-M-P in Surrey are looking for the driver of a Tesla who drove by the scene of a fatal collision this weekend. A pedestrian was hit Saturday in the 82-hundred-block of 128th Street and later died in hospital from his injuries.
Drivers are being warned to expected increased congestion on the roads starting this evening, ahead of the B-C Day long weekend. People travelling along Highway 1 are encouraged to plan ahead and avoid peak travel times.
