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.
Eby says people and small businesses in the province are feeling the squeeze of global inflation and his government is focused on helping residents most impacted by the rising costs. The one-time cost-of-living credit will be applied automatically to residents' BC Hydro bills this fall.
While the prime minister did not offer further details, the statement followed the government’s decision in the summer to send two Royal Canadian Navy frigates to the Asia-Pacific region at the same time, as a sign of Canada’s increased engagement.
One million bottles of children's medication will have been distributed to hospitals, pharmacies and retailers after next week, health officials said during a media briefing. Health Canada said production of children's acetaminophen and ibuprofen is double what it was last year, but demand is still outstripping supply.
Eby replaces New Democrat Premier John Horgan, who announced last June he was leaving office due to health concerns. The swearing-in ceremony will be conducted by Lt.-Gov. Janet Austin, but not in the usual location of Government House in Victoria, and instead will be held at the Musqueam Community Centre.
The board says the Geotech Aviation commercial chopper was conducting survey operations near Kitsault, between Prince Rupert and Stewart, when it collided with terrain. It says military aircraft and search and rescue technicians found the fatally injured pilot, who was the sole occupant on board.
When officers asked them to leave, some of the youths refused and continued to swear and yell at them. One of the youths repeatedly kicked an officer, and was arrested for assaulting a police officer, obstruction, mischief, and causing a disturbance.