'He's in our hearts': Family and friends still seek answers one year after Nathan Wise’s disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
The Canadian economy grew slightly in July with the latest reading on real gross domestic product coming in higher than expected.
Statistics Canada said Thursday that the economy grew by 0.1 per cent in July, outperforming its preliminary estimate that pointed to a contraction of 0.1 per cent.
The federal agency said growth in the goods-producing industries was partially offset by a decline in the services-producing industries.
The retail sector along with food and accommodation services shrunk. The contraction in these industries may mean high inflation and interest rates are affecting consumers more broadly, said CIBC senior economist Andrew Grantham in a note.
As the Bank of Canada continues to raise interest rates to tame inflation, an economic slowdown is widely anticipated.
Some banks are forecasting the economy grew at an annualized rate of around one per cent in the third quarter.
For comparison, the economy grew at an annual rate of 3.3 per cent in the second quarter.
The Bank of Canada is expected to raise its key interest rate again in October as inflation remains well above its two per cent target.
"Policymakers are likely to press ahead with another rate hike next month," Grantham said. "However, signs of consumer spending weakening even in some service industries should see the bank then take a pause."
The annual inflation rate in August was 7.0 per cent.
Statistics Canada notes the mining, quarrying, oil and gas sector grew by 1.9 per cent in July, following slight declines in the two previous months.
The agriculture, forestry, fishing and hunting sector also grew as crop production increased.
Meanwhile, manufacturing and wholesale trade posted declines.
The latest reading follows similar growth in June, when the economy expanded by 0.1 per cent.
A preliminary estimate for August indicates real GDP for that month was essentially unchanged.
This report by The Canadian Press was first published Sept. 29, 2022.
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
The fire burning near Fort McMurray grew from 25 hectares to 5,500 hectares over the weekend.
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Police are searching for a male suspect after a man was “slashed in neck” on Sunday morning in downtown Toronto and died.
There were some scary moments for several people on a northern Ontario highway caught on video Thursday after a chain reaction following a truck fire.
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
English, history, entertainment, math and geography: high school trivia teams could be quizzed on any of it when they compete at the Reach for the Top Nationals in Ottawa in June.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.