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 in Kamloops are looking to speak with witnesses after a man was reportedly beaten while sleeping outside in the city's downtown. The Mounties say it happened yesterday morning at around 9 a-m at the intersection of 5th Avenue and Seymour Street.
Health Minister Adrian Dix said Tuesday that the funding to BC Hydro will provide up to 8,000 air-conditioning units over the next three years, but if demand increases, that number could also go up. Dix said people can apply for the units on their own or health officials working with elderly people will be able to help them get a unit.
On Sunday at approximately 2:45 am, Surrey RCMP responded to a report of a two-vehicle collision in the 3300-block of 176 Street. On Monday afternoon, the third occupant of the Hyundai, who was previously in critical condition died of their injuries.
Immigration Minister Sean Fraser revealed the Tech Talent Strategy, which includes a new, dedicated pathway for permanent residents targeting employees and workers in the science, technology, engineering and mathematics (STEM) sectors.
An aerial attack by the wildfire service and efforts on the ground by West Vancouver Fire and Rescue helped confine the blaze to about one hectare. It is now officially termed as "being held," with further spread is unlikely.
R-C-M-P in Prince George said the man suffered life-threatening injuries during the home invasion on June 19th and a woman who was with him was also severely hurt but is expected to survive.
