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.
Thousands of Canadians had their flights cancelled or delayed due to poor weather, while hundreds of others were left stranded in Mexico after the vacation airline Sunwing axed their trips home. The company has since apologized and said the cancellations were due to winter storms that swept across the country before Christmas Day.
It says after a lengthy investigation by the department's major crime unit, three charges each of sexual assault and sexual interference have been laid against Pastor Edwin Alvarez. Police haven't released which Christian church the pastor was caring for, other than to say it was at a small, Metro Vancouver location.
The victim, a shelter resident, died in hospital around 10:30 p.m., after being stabbed during an altercation with another person near Yukon and West 5th Avenue. No arrests have been made.
While Trudeau is airborne, Joe Biden — fresh from his first presidential visit to the politically fraught southern border — will sit down for a bilateral meeting with Mexican counterpart Andrés Manuel López Obrador.
Royal Canadian Air Force pilots and technicians will train at bases in the U.S. while those preparations are underway, with the F-35s scheduled to actually arrive in Canada no earlier than 2029. Officials confirmed in a briefing Monday that Canada will buy the 88 jets in a phased approach, with the initial price tag including infrastructure upgrades.
Vancouver is expecting a combination of rain and snow over the weekend and throughout much of next week, with a daytime maximum of -5 C on Tuesday. Environment Canada says nearly five centimetres of snow is possible over Metro Vancouver on the weekend.