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.
Surrey Council has approved a 14.5-million-dollar contract for the finishing touches at the Cloverdale Sport and Ice Complex. Mayor Brenda Locke says the first two of three ice sheets are expected to open in September 2024, with the third finished by the summer of 2027.
Ridge Meadows RCMP is investigating a report of shots fired at a residence in Maple Ridge that took place early this morning. On Wednesday, at approximately 2:15 a.m., several Ridge Meadows RCMP frontline officers immediately responded to reports of multiple shots fired in the 12000 block of Garden Street in Maple Ridge.
Wilkinson said in the first two years of the Trudeau government's tree-planting pledge, 110 million trees have been planted, exceeding early targets of 90 million trees during that period. The minister said in an age of record wildfires and devastating floods, tree planting is an important step in mitigating climate change-related disasters.
A fundraiser has been launched to honour the memory of a firefighter killed while fighting British Columbia's largest wildfire last week. The 25-year-old firefighter who died Friday has been identified as Zak Muise in an online obituary and tribute by the firefighting contractor he worked for.
Transport Canada estimated in an analysis from June that one in five of the 33.3 million vehicles registered as of 2019 have outstanding recalls but continue to ply the streets and highways, potentially endangering occupants and other road users.
An evacuation order covering the more than 200 properties around the lake was issued Tuesday and quickly upgraded to critical, urging the many seasonal and handful of permanent residents to leave for Lillooet or Whistler.
