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.
Homicide investigators say the victim of what they suspect was a targeted gang shooting in Mission, B.C., has died of his injuries. The Independent Homicide Investigation Team says the 45-year-old man was found wounded late Monday at Mission's Laminman Avenue after reports of gunfire.
Large portions of northeastern British Columbia continue to swelter a day after some areas hit daily record temperatures, as the forecast for rain in the south and Interior brought the promise of relief for some wildfire zones.
The B-C government is seeking proposals to create new affordable rental homes through its Community Housing Fund. Housing Minister Ravi Kahlon says the newest round of funding will create approximately 35-hundred homes.
Many parents still struggle to find the right formula for their babies at a reasonable price after last year's temporary shutdown of U.S. based manufacturing plant caused a major shortage of shipments to Canada.
Statistics Canada says the country's mortality rate rose in 2021 from 2020. The agency says data shows cancer, heart disease, overdoses and COVID-19 were the leading causes of death.
Delta Police say four people were injured and Highway 17 was closed for several hours after a serious crash involving three vehicles yesterday evening. They say a vehicle hit a concrete median and rolled over, striking a second vehicle.
