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.
The government's subsequent attempts to claw back pandemic funds from those it now deems ineligible set the stage for more than 1,000 battles in Federal Court between claimants and the Canada Revenue Agency.
The Daly Bridge is being replaced southeast of Lumby in B-C's southern Interior. Vernon-Monashee M-L-A Harwinder Sandhu says replacing the 50-year-old bridge will help to safeguard access to homes and businesses in the Creighton Valley area by reducing the chance of flooding or washouts.
A drug alert has been issued by Fraser Health after benzodiazepines were detected in vape juice containing cannabis and synthetic cannabinoids. The Mounties say the tainted products are being sold in clubs and bars, but may also be sold elsewhere.
R-C-M-P are looking for a suspect wanted in a fraud and identity theft case that has resulted in more than 200 charges being laid. The Mounties say two others have been taken into custody after a vehicle stop in March led to the seizure of multiple forged documents.
The BC Prosecution Service says the charge for Cst. Robby Pawar stems from an incident that is alleged to have happened on Dec. 3, 2021, in Delta, B.C. The Mountie's first appearance is scheduled to take place on August 2, 2023 in Surrey Provincial Court.
The delivery of the terms comes after federal Labour Minister Seamus O'Regan late Tuesday instructed the mediator to send him the terms within 24 hours so he could forward them to the International Longshore and Warehouse Union Canada and the B.C. Maritime Employers Association.
