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 report says the cost of 734 officers with the Surrey Police Service would be $249,460 per officer, while each Mountie would be $205,990. The city says the plan will be sent to Solicitor General Mike Farnworth by Dec. 15 for his final review and approval.
Russia's invasion of Ukraine was one of three main surprises to the Bank of Canada this year that helped push up inflation well past was it was expecting, said Macklem. The attack has also underscored the vulnerability of the world to interconnected trade.
Police said they responded to reports of gunshots in the area of 51 Street and 13 Avenue of Edmonton, capital of Alberta, at approximately 8:40 p.m. on December 3. Upon arrival, they located a male sitting in a vehicle in medical distress. Singh was given CPR by the police until paramedics arrived and declared him dead.
Friends, and even foes, described him as kind. The Liberal member of Parliament from Winnipeg and former cabinet minister died, his family announced Monday. He was 71.
The announcement comes as ICBC reported $117 million in net income for the first half of the 2022-23 fiscal year, alongside lower investment income and a significant decline in value for the insurer's equity investments by the fall.
Association president Chris Gardner says the reward will go to anyone providing information leading to arrests and charges against the "thugs and criminals" behind the attack, which RCMP say caused millions of dollars in damage.