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.
On May 23rd just before 6:00 p.m., a physical altercation took place between two men, not known to each other, as they were boarding the same bus at the Marine Drive Canada Line Station in Vancouver. During the course of the altercation, a bus window was broken and a bystander was injured.
While the Ministry of Children and Family Development did not provide the names or the number of people involved, it said in a statement "the staff who were directly involved in this case are no longer employed by the ministry." The statement said ministry staff did not follow its policy that children in care should be seen regularly by a social worker.
A joint investment of more than 5.5-million-dollars will support work in Williams Lake, Prince George, Prince Rupert and Merritt. The projects involve improvements to the Cariboo Memorial Recreation Complex in Williams Lake as well as ventilation in four schools and a social housing complex in the northern region.
Police are looking for witnesses after multiple boats were stolen from a locked campground in Kelowna. R-C-M-P say 14 boats were stolen between June 20th and 27th from McCurdy Place from within plain view of traffic on Highway 97.
RCMP say 16-year-old Esther Wang from Langley, B.C., was part of a group of four people who were hiking in Golden Ears Provincial Park on Tuesday. The group left a lookout point at about 2:45 p.m. to head back to their campground and about 15 minutes later they noticed that Wang was missing.
Vancouver Police have released a composite sketch of an unidentified man who died after being found in medical distress this spring. They say the man was found on the grounds of the Britannia Community Centre on March 24th and died later in hospital.
