Close X
Friday, November 15, 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

Police liaison program back in Vancouver schools

Police liaison program back in Vancouver schools
A statement from the two trustees says the Vancouver police department hasn't adequately addressed the issue of racism within its ranks, so "cannot be trusted to seriously consider and address the safety and well-being of Black and Indigenous students" in area schools.

Police liaison program back in Vancouver schools

Snowfall warnings for parts of coastal B.C.

Snowfall warnings for parts of coastal B.C.
Nanaimo, Port Alberni and West Vancouver could see accumulations of nearly 25 centimetres by Wednesday morning while about 15 centimetres is expected for Greater Vancouver and Interior communities including Williams Lake and Lytton.

Snowfall warnings for parts of coastal B.C.

Vancouver rally reflects Chinese COVID protests

Vancouver rally reflects Chinese COVID protests
Protests broke out over the weekend in at least 10 Chinese cities, including Beijing, Shanghai, Nanjing and Guangzhou, a scale that is highly unusual. Xi's government faces mounting anger at its zero-COVID policies that have shut down access to areas throughout China in an attempt to isolate every case at a time when other countries are easing controls.

Vancouver rally reflects Chinese COVID protests

Canada to strengthen visa processing capacity in Delhi, Chandigarh

Canada to strengthen visa processing capacity in Delhi, Chandigarh
The central principle of Canada's Indo-Pacific Strategy is that Canada acts for its national interests, while defending its values. The Strategy positions Canada as a reliable partner for the region, now and in the future. It constitutes an ambitious plan, which initially provides for an investment of nearly $2.3 billion over the next five years, said the statement.

Canada to strengthen visa processing capacity in Delhi, Chandigarh

Snowfall warnings, storm watches for southern B.C.

Snowfall warnings, storm watches for southern B.C.
Winter storm watches have been issued for parts of Fraser Canyon, Fraser Valley, Nicola region, the Okanagan Valley, Similkameen and South Thompson areas. The weather office says the storm is expected to bring up to 20 centimetres of snow.

Snowfall warnings, storm watches for southern B.C.

B.C. drops plan to scrap individual autism funding

B.C. drops plan to scrap individual autism funding
The announcement comes after Premier David Eby and Mitzi Dean, minister of children and family development, met with members of the group AutismBC and other stakeholders, including the First Nations Leadership Council and B.C.’s representative for children and youth.

B.C. drops plan to scrap individual autism funding