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.
Prince Rupert R-C-M-P say in a media release that officers responded to a call to the 100 block of Silversides Drive on Tuesday evening. Police say they do not believe there is a risk to the public, nor is there an outstanding suspect in the case.
The province says the B-C Demographic Survey was created through engagement with Indigenous and other racialized communities. The province says the survey can be accessed via the government's website or by calling a toll-free number.
Flights will be operated with Boeing 787 Dreamliner aircraft featuring three cabins of service for customers to choose from, including Signature Class with lie-flat seats, Premium Economy and Economy Class.
Mayor Ken Sim says the introduction of the e-Comply program -- the first of its kind in Canada -- is a “game-changer” that is getting more homes built faster. City council also adopted Sim’s 3-3-3-1 campaign promise, with a commitment on permit approval timelines.
China founded the US$100-billion Asian Infrastructure Investment Bank in late 2015 to provide other countries in the region access to capital for investments in projects in areas such as transportation, power and telecommunications.
A statement from the association says nearly 92-hundred sales were recorded around B-C in May -- up nearly 10 per cent year-over-year -- while the average price climbed three per cent during the same period, to just over one-million dollars.
