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 shut down will result in a reduction of 280,000 tonnes of market kraft pulp annually. Canfor says the decision to close the pulp line at the Prince George mill came after an "extensive analysis" of its operations and the long-term supply of fibre in the area.
On January 9, 2023, shortly after noon, Surrey RCMP attended a residence in the 15600-block of 112 Avenue. Upon arrival, officers discovered three deceased adults inside the home. The IHIT says the bodies of 56-year-old Xiao Yan Zhen, 58 year-old Li Li and their 24-year-old son, Daniel Li, were in the home.
Rain and wind warnings cover much of Vancouver Island and the inner south coast as the remnants of a storm that brought flooding to California now hammers southern B.C. Environment Canada estimates total rainfall of 50 to 100 millimetres before conditions ease Friday.
The New Westminster Police Department Major Crime Unit has learned the victim was assaulted by someone who was with two other people at the time of the assault. After the assault, the group left the area in a vehicle, and investigators are hoping by sharing video of this vehicle, a suspect will be identified.
VPD officers responded to Granville and Robson Street around 6 p.m. Monday, after a witness reported seeing a man with a gun inside a bar. Marcus Phillip Van Schilt, 45, is now charged with possession of a weapon and breaching bail.
Poverty, economic instability, and disruptions due to climate change are pushing an increasing number of people to seek security in places such as Canada and the United States, says France-Isabelle Langlois of Amnesty International Canada's French-language division.