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.
On August 26th at approximately 5:00am patrol officers responded to a call about a suspicious car parked on Churchill Street. When officers attended, they could see a male sleeping in the driver’s seat. Given the male did not match the description of the registered owner, officers contacted the registered owner who confirmed his car had been stolen overnight.
A new study from U-B-C suggests British Columbians have mixed feelings about self-driving cars. Researchers engaged more than 11-hundred participants from across the province, asking them to watch eight videos showing interactions between pedestrians and vehicles at crosswalks.
Police in Edmonton have charged two people in an alleged Ponzi scheme targeting residents of Alberta and B-C. The department's financial crimes section says it became aware of the alleged scam in early 2020.
The Office of British Columbia's Police Complaint Commissioner has ordered a review of the case of a Surrey Police Service officer it says asked to be let off when he was caught driving while impaired. It says an investigation by Surrey police confirmed two allegations of discreditable conduct and another of corrupt practice against Const. Rajbir Thaper, but proposed discipline amounting to five days of unpaid suspension was inadequate.
A Richmond business owner is donating 10-million-dollars to the city's hospital. Dan-D Foods founder and owner Dan On says he wants to contribute to the community where he lives and works after living in poverty in Vietnam before moving to Canada and forming his company.
A statement from the regional emergeny operations centre says only people whose properties are completely destroyed or damaged to the point they're uninhabitable will be invited to participate at this time.
