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.
Premier David Eby told a news conference Thursday that the forecast that calls for the additional 3,000 gigawatt hours per year of renewable energy is three years earlier than previously estimated.
Mental Health and Addictions Minister Jennifer Whiteside says 18 of the beds have been added at the Phoenix Society in Surrey and six at the Covenant House in Vancouver. The beds in Surrey are for men in the province between 17 and 24-years old -- with an average stay of three to six months.
R-C-M-P in British Columbia are investigating after one person was killed in a crash involving a semi trailer and a pickup truck. The incident happened yesterday afternoon about 35 kilometres south of Quesnel.
Assistant Commissioner Rob Hill, the commanding officer of Manitoba's RCMP, said Thursday the crash happened at the intersection of highways 1 and 5 near Carberry, about two hours south of Dauphin.
On November 22nd of last year at approximately 12:08 p.m., the Surrey RCMP responded to a report of a stabbing outside of Tamanawis Secondary School. Officers located an 18-year old, later identified as Mehakpreet Sethi of Surrey, suffering life-threatening injuries. On Wednesday, as a result of advancements in the ongoing investigation, IHIT arrested a 17 year old suspect in relation to the murder of Mr. Sethi.
A statement on the S-F-U website says pickets were at several locations and it advised students with classes or labs in any of the affected buildings to check with their instructors or teaching assistants about possible disruptions.
