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.
Instead of meeting U.S. and Canadian agents at the same time, applicants are interviewed first in Canada before crossing the border for a second interview with American officials.
As of Dec. 31, workers who have been continuously employed for at least 30 days will have access to three paid sick days. Workers will then get a fourth sick day as of Feb. 1, and will accumulate one additional day at the start of every month up to a maximum of 10 days per year.
The benefit, to be used toward dental services, is available for children under 12 in families that earn less than $90,000 a year and ranges from $260 to $650 per child depending on net income.
It's a record that will likely be beaten more than once in the coming years, as a Canadian federal immigration plan released earlier this month aims to admit 465,000 new permanent residents in 2023 and 500,000 a year by 2025, with a particular focus on bringing in people with needed skills and experience.
British Columbia was the first to sign on, inking a $3.2-billion deal in July 2021 with plans to create 30,000 new child-care spaces within five years and 40,000 within seven years. B.C. started a $10-a-day program at select facilities in 2018 and plans to double those spaces to 12,500 this month.
It boosts annual salaries for new teachers as much as $8,500 by the end of the third year while B.C.'s highest-paid educators will earn up to $13,500 more over the same period, which Johnston says pushes them above the $100,000-per-year threshold for the first time.