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.
Recent incidents, including the tragic shooting of Hardeep Singh Nijjar that unfolded in our city, have brought this issue to the forefront, sparking discussions and calls for action. As we grapple with the aftermath of such events, it is essential to delve deeper into the multifaceted nature of public safety.
Police in Port Moody say a 14-year-old boy is in hospital in critical condition after he nearly drowned in a Metro Vancouver lake. They say that around 4 p-m on Saturday, first responders were called to Sasamat Lake for a report of a possible drowning.
A man was arrested in Surrey, B-C, for his role in a fatal stabbing that happened in downtown Toronto in March. Toronto Police say an altercation between a 55-year-old and four other men resulted in the stabbing and while the man was transported to hospital, he died soon after.
Mounties in the southern Interior of British Columbia are asking for the public's help after the body of a 29-year-old man was found. This comes after officers were called to a vineyard on the road Wednesday, where they confirmed a man was shot and killed. Police say the suspect left the scene but was found later that day at his home, where he was then arrested.
Mounties in Surrey, B.C., say a driver who fled from authorities in the U.S., sped through the Peace Arch border crossing and crashed in British Columbia is now in custody. They say RCMP responded to a report that a suspected stolen vehicle had crossed the border from Washington State around 8 p.m. Saturday.
Kewal Singh was last seen at approximately 4:00pm on July 23, 2023 in the 8500 block of 151A Street in Surrey. He has not been seen or heard from since. It is unusual for Singh to not be in contact with his family Police and family are concerned for his health and well-being.
