Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Economic growth slowed in April and Statistics Canada said Thursday its early estimate for May pointed to a contraction for the month amid weakness in the resource, manufacturing and construction sectors.
The agency said growth in April was led by the mining, quarrying and oil and gas extraction sector and client-facing industries as real gross domestic product advanced 0.3 per cent for the month compared with a 0.7 per cent gain in March.
However, its early estimate for May indicated a contraction of 0.2 per cent for the month. The official reading for the month is expected on July 29.
Stephen Brown, senior Canada economist at Capital Economics, said the preliminary estimate for May came as a shock, but added that it appeared to have been partly due to temporary factors.
"Amid elevated commodity prices and cuts to supply elsewhere, we would be surprised if activity in the mining, oil and gas sector failed to bounce back in June," Brown wrote in a report.
"Likewise, as there are now signs that global product shortages are easing, manufacturing activity should also rebound over the coming months."
The reading on the economy comes ahead of the Bank of Canada's next interest rate decision set for July 13. Economists widely expect the central bank to raise its key interest target with many expecting a supersized increase of three-quarters of a percentage point.
The central bank is trying to bring inflation, which hit 7.7 per cent in May, back under control.
RBC economist Claire Fan said despite the surprise decline for May, the economy is still running firmly above long-run capacity limits, evident by the low unemployment rates.
"And inflation remains uncomfortably high at levels well above the central bank's target," Fan wrote in a report.
However, Fan said RBC expects growth to slow more significantly as the year progresses, pointing to high inflation and rising borrowing costs biting more into households' spending power.
For April, Statistics Canada said the mining, quarrying and oil and gas extraction sector grew by 3.3 per cent, as oil and gas extraction gained 3.9 per cent.
Oilsands extraction rose 5.6 per cent, the largest monthly increase since September 2020, while oil and gas extraction excluding the oilsands grew 1.6 per cent.
The accommodation and food services sector added 4.6 per cent, as food services and drinking places grew 3.5 per cent to top pre-pandemic levels. Accommodation services rose 7.2 per cent.
The arts, entertainment and recreation sector rose 7.0 per cent, but was still 12 per cent below its February 2020 level.
The real estate sector contracted 0.8 per cent in April as activity at the offices of real estate agents and brokers dropped 15.0 per cent, the largest contraction since April 2020.
This report by The Canadian Press was first published June 30, 2022.
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.