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.
Arctic outflow warnings have been posted for B.C.’s central and northern coasts, with the wind chill predicted at minus 20. Special weather statements are also up for most of Vancouver Island and the south coast, with icy conditions and wind chills near minus 10.
The coroner says the October statistics show that illicit drugs caused the deaths of 1,827 people in B.C. in the first 10 months of this year. Chief coroner Lisa Lapointe says the increased toxicity and variability of street drugs has created an environment where everyone who uses substances is at risk.
Several crashes blocked the Alex Fraser Bridge, one of the main arteries over the Fraser River. The route was closed for hours in both directions over safety concerns, the government said.
32-year-old Baljit Singh Nijjar of Surrey has been charged with multiple firearms charges including unauthorized possession of a prohibited/restricted firearm and possession of a prohibited/restricted firearm without a license.
The victim was located inside an apartment building on East Hastings near Carrall Street. VPD’s Homicide Unit has identified the victim as Joseph Kelly. No arrests have been made, and anyone with information is asked to call Vancouver Police.
The five-year, government-backed bonds were first announced last month. The money raised is expected to be channelled as a loan to Ukraine through the International Monetary Fund so the country can continue basic operations.