In the news today: Statistics Canada to release GDP figures today

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In the news today: Statistics Canada to release GDP figures today
Canada Latest News,Canada Headlines
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Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today...

Statistics Canada will release its latest reading on how the overall economy is faring this morning.

The decrease in June was attributed to the wholesale trade and manufacturing sectors, though the agency cautioned the numbers were preliminary and said they would be updated.A wildfire official says the town of Hay River will be at risk over the next few days with strong winds and high temperatures making a dangerous situation even worse.

Federal scientists will be monitoring global research to determine the effectiveness of updated vaccines against the latest COVID-19 variant, Health Canada and the Public Health Agency of Canada say. As of this week, there were only 13 sequences of the highly mutated variant BA. 2.86 available to analyze across six other countries — four in Denmark, three in the United States, two in Portugal, two in South Africa, one in Israel, and one in the United Kingdom, Health Canada and PHAC said in an email.A new poll from Leger suggests the cost of living crisis has almost half of Canadians just getting by each month, and it's hitting young people harder.

Jiaying Zhao led a study that analyzed spending habits of 50 homeless people living in Vancouver who were given a one-time cash transfer of $7,500 with no strings attached.

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