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.
R-C-M-P say the incident happened on Wednesday afternoon when a male approached a female stranger as she walked along the sidewalk and swung at her, grabbed her hair and spit at her. The Mounties say several bystanders jumped in to help the victim who suffered minor injuries.
Environment Minister George Heyman says the new regulation comes into effect in December and will cover plastic shopping bags, disposable food service accessories, degradable plastics and any packaging made of hard-to-recycle plastics.
Vancouver police say a 57-year-old man has been charged after a racially motivated incident at a city coffee shop. They say it happened on Tuesday at a shop on West Pender and Abbott. The suspect has been charged with causing a disturbance.
A statement from Vernon-North Okanagan RCMP say the 63-year-old victim was an experienced paraglider. He had just taken off from a flight school near Lumby when police say he "suddenly and unexpectedly collided with the ground."
A hiker has died after plunging more than 60 metres from a path in Cypress Creek Canyon in West Vancouver. Police say the man -- in his 70s -- was hiking with a large group when he fell.
The union, which represents 7,400 workers in the job action that began July 1, has not yet commented on the pact. Federal Labour Minister Seamus O'Regan said Thursday that the strike that had snarled trade worth billions was over and thanked both sides.
