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.
The influenza outbreak that resulted in the deaths of six young people in British Columbia last month is on the decline, but the provincial health officer says the flu season is far from over. Dr. Bonnie Henry says there have been no reported deaths of young people since last month when the province experienced an unusual spike of flu-rated cases during November and December.
The break and enters all occurred in March of 2022, three of the four having taken place on the same day. At approximately 3:29 am on March 21, 2022, a suspect allegedly broke into a store in the 9200 block of Alderbridge Way and stole approximately $ 2500.00 in merchandise.
8 people were arrested inside the residence at the time the search warrant was executed. One person was held in custody for breach of probation and the others were released pending further investigation.
In November, the federal Liberal government announced a new immigration plan that would see Canada welcome 500,000 immigrants per year by 2025. A record-breaking 431,645 people became permanent residents in 2022.
Treasury Board President Mona Fortier announced last month that all departments must bring workers back to the office at least two to three times a week by the end of March. In an interview Thursday, she did not specify what the consequences may be for anyone who refuses to return.
Coquitlam RCMP say all residents were able to get out of the house safely, and there were no physical injuries. The Mounties say it is believed the fire was intentionally set by someone who knew the occupants.