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.
Two new mass-timber courses are slated to begin in the fall at the British Columbia Institute of Technology. In addition, the province is providing 3.3-million-dollars to the school for the creation of a mass-timber training hub at B-C-I-T's Burnaby campus.
Mounties say it happened on Sunday morning at a home on Lalonde Road and that it was a targeted incident. They say surveillance footage shows a dark-coloured, extended cab pickup leaving the home at the time of the shooting.
During the Regular Council Meeting on Monday, Surrey Council voted in favour of a $2.53M contract to build a new Strawberry Hill Community Hall. In 2021, a fire destroyed the historic Strawberry Hill Hall that was currently under construction as part of a $1.2M rehabilitation project that would have seen areas built for childcare and community rentals.
The two suspects forced entry into the victim’s suite near East Hastings and Gore on July 5. They violently beat him and stole his various possessions. The victim was taken to hospital for his injuries. VPD patrol officers and detectives from VPD’s Major Crime Section launched an investigation immediately.
Surrey R-C-M-P say their suspect was picked up in Calgary last Friday and remains in custody in Surrey, awaiting his next court date on August 10th. Several weapons offences have also been laid after shots were fired at a vehicle in the Newton area, injuring the occupant, who survived.
The BC Maritime Employers Association says the offer being presented is the same one leaders of the International Longshore and Warehouse Union had previously rejected, which briefly sent workers back to the picket line last week.
