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 multi-generational home renovation tax credit took effect Jan. 1 for expenses related to building a secondary suite for a family member who is a senior or an adult with a disability. The credit will provide a 15 per cent tax refund on expenses of up to $50,000 to a maximum of $7,500.
Beijing has now ended mandatory quarantine in hotels for arrivals from abroad, including returning tourists. But some in B.C. expect it could take months before Chinese tourism numbers are back to pre-pandemic levels, with flights still scarce heading into Chinese New Year on Jan. 22.
Const. Wade Tittemore, 43, died Monday while off-duty, skiing with a colleague just north of Kaslo, B.C. Nelson police Chief Donovan Fisher said Tuesday that Tittemore will be missed terribly in the small force of 20 officers.
On Tuesday, at approximately 2:20 a.m., Surrey RCMP received multiple 911 calls that a man had been shot near a convenience store in the 13100-block of 104 Avenue. Police attended and located a 44-year-old man suffering from gunshot wounds. The victim was transported to hospital with serious injuries.
Canada should make it so air travellers are automatically entitled to compensation from airlines when their flights are disrupted, rather than having to make claims on their own, a passenger advocate said Tuesday.
On January 4th at approximately 1:00 p.m. Officers responded to a road rage incident near Mount Seymour Parkway and Lillooet Road in North Vancouver. Bystanders called 911 after the occupants of two vehicles exiting the Superstore parking lot entered into an altercation.