The Bank of Canada says it feared being too slow to react to sticky inflation ahead of the decision to keep its key interest rate steady earlier this month.
In its summary of deliberations, the central bank says it considered raising interest rates from the current 4.5 per cent.
The Bank of Canada appears confident that inflation will fall to three per cent by mid-year.
But it's concerned that the return to two per cent inflation may take longer as the cost of services remains elevated.
Coquitlam RCMP Front-line officers attended the area of Glen Drive and Johnston Street in Coquitlam for an assault on Sunday, January 1, 2023 at 2:47 a.m. The victim was changing a tire when he was attacked by two men. The men fled prior to Police attendance. nThe victim sustained serious, non-life-threatening injuries to his head.
Documents provided by Yu show the home was listed for $978,000 last May 11, then sold for $970,000 nine days later, near the height of the pandemic property boom. Ontario land title documents show ownership was transferred for that sum on June 15 to a new buyer who took out a mortgage with the Bank of Montreal.
Experts say a stronger bond between Canada and Mexico will be central to advancing North American competitiveness on the international stage. Sen. Peter Boehm, a former Liberal deputy cabinet minister, likens the continent's trilateral ties to an isosceles triangle, with the Canada-Mexico relationship as the shortest side.
In his probe of the arrest last February on Vancouver's Downtown Eastside, Ronald MacDonald, director of the IIO, says the man had a blood-alcohol level three times above the legal limit when he ran from six officers who tried to arrest him as he threatened them after intervening in an unrelated traffic stop.
An old church has been transformed into a Sikh place of worship -- the first in Canada's Red Deer city after requests from the local Sikh community since 2005. The Cornerstone Gospel Chapel at 5911 63rd Street is now Guru Nanak Darbar Gurdwara, and will open seven days a week from 6 a.m. to 8 p.m.
The Ukrainian government says it needs tanks to protect its troops and launch counter-offensives against Russian forces, particularly in the eastern part of the country. The Liberal government has not said whether Canada is open to sending some of its German-made Leopard 2 tanks.