Close X
Thursday, November 14, 2024
ADVT 
National

BOC confident inflation will drop by mid year

Darpan News Desk The Canadian Press, 26 Apr, 2023 01:38 PM
  • BOC confident inflation will drop by mid year

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.

MORE National ARTICLES

New B.C. finance minister inherits big surplus

New B.C. finance minister inherits big surplus
Conroy inherits a budget with a projected surplus of $5.7 billion this year, but the good times are not expected to last, with private and government forecasters saying B.C.'s economic growth will dip to less than one per cent next year.  

New B.C. finance minister inherits big surplus

WATCH: Emerging South Asian Community in Canada

WATCH: Emerging South Asian Community in Canada
1 in 5 people coming to Canada were born in India, the data shows, making it the top country of birth for recent arrivals. The growing South Asian diaspora is a player in the Canadian economy and if you are wanting to tap into the South Asian market find out all the platforms that Darpan Magazine offers.

WATCH: Emerging South Asian Community in Canada

2 women forcibly confined in a van, one of them assaulted & robbed of her money

2 women forcibly confined in a van, one of them assaulted & robbed of her money
It was determined early in the investigation that all of the occupants knew each other. Police took immediate action to locate the other remaining victim who was in the U-Haul van and allegedly being forcibly confined by a male and female suspect.

2 women forcibly confined in a van, one of them assaulted & robbed of her money

Surrey massage therapist charged with sexual assault

Surrey massage therapist charged with sexual assault
On November 25, 2022, 50-year-old, Gudbjartur Bodhi Haraldsson, who goes by Bodhi was arrested and charged with one count of sexual assault. Anyone with information is asked to contact the Surrey RCMP. 

Surrey massage therapist charged with sexual assault

VPD seek to identify 2 women who smashed the front window of a downtown retailer

VPD seek to identify 2 women who smashed the front window of a downtown retailer
The suspects were captured on store surveillance cameras loitering at the entrance of City Lux Boutique, near Howe and Nelson streets on December 6 just after 4:30 a.m. One of the suspects used an object to shatter the glass on the window next to the front door. Both women then fled the area.

VPD seek to identify 2 women who smashed the front window of a downtown retailer

Five B.C. kids died from flu in November

Five B.C. kids died from flu in November
Before the COVID-19 pandemic, an average five to six kids died per flu season across Canada, data from a national surveillance network administered by the Canadian Paediatric Association known as IMPACT shows.  

Five B.C. kids died from flu in November