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.
Provincial health officer Dr. Bonnie Henry says after two years of low rates of flu, mostly due to travel restrictions, the province is seeing a "dramatic increase" in illness and it arrived sooner than normal.
BC Assessment says in a statement that most owners can expect to see a five to 15 per cent rise in values when notices are issued Jan. 3. However, it says those figures are based on the real estate market as of July 1, 2022, and conditions have changed.
Delta Mayor George Harvie says some drivers from Delta were stranded in their cars for up to 10 hours, while those in other parts of the region have told media that 45-minute commutes turned into 12 hours of gridlock.
A person who was with the man when he began firing quickly fled and called 9-1-1, reporting that the shooter had been acting strangely for several days. VPD officers surrounded the building and evacuated neighbours who were in harm’s way so they could begin communicating with the suspect.
Police are on a lookout for the suspect who was dressed in all dark clothing and was observed leaving the scene on foot following the incident. Calling it a targeted incident, the police has launched a homicide investigation.
Minister of Immigration Sean Fraser says the federal government is calling for proposals for projects that offer Canadian work experience for internationally trained health professionals or streamline the process that recognizes international medical credentials.