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.
Investigators say a 56-year-old from Sechelt died from multiple gunshot wounds early Thursday morning. The victim was found outside a residence in Halfmoon Bay and died at the scene.
Police in Abbotsford, B-C, have arrested three suspects in connection with a home invasion this week. R-C-M-P say officers responded to a call Friday afternoon in the 33-thousand block of George Ferguson Way area.
Homicide investigators say now 40-year-old Navinder Gill is now waiting for a date to be set for his sentencing hearing. Police say 40-year-old Harpreet Kaur Gill was found stabbed on the evening of Dec. 7, 2022, and died of her injuries after being taken to hospital.
Community activist Joan Phillip won Vancouver-Mount Pleasant for the N-D-P with almost 68 per cent of the vote. N-D-P candidate Ravi Parmar won Langford-Juan de Fuca with 53 per cent of the vote
Surrey R-C-M-P say the crash happened early Sunday, when a Volkswagen collided with a Hyundai sedan while both were northbound on 176 Street near 32 Avenue. Police say the crash sent both cars into a water-filled ditch beside the road, and two people in the Hyundai have died while two others from the same vehicle are injured, one critically.
The incident is believed to have occurred inside a parked vehicle near Halifax Street and Woodway Place in Burnaby around 2 p.m. No victims, suspects, or related vehicles were on scene when police arrived. However, the victim, a 20-year-old-man, was treated in hospital for non-life-threatening gunshot wounds after seeking medical care.
