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

Delta bus driver carrying 35 passengers charged with impaired driving

Delta bus driver carrying 35 passengers charged with impaired driving
On October 25, 2022, 65 year old Craig Randle of Delta was charged with operation of a vehicle while impaired by alcohol or a drug along with operation of a vehicle while blood alcohol concentration is equal to or over the legal limit. 

Delta bus driver carrying 35 passengers charged with impaired driving

Kids' dental benefit bill passes in the Senate

Kids' dental benefit bill passes in the Senate
The dental benefit was a compromise between the Liberals and NDP, as part of the supply-and-confidence agreement that will see the New Democrats support the minority government until 2025. The Liberals are working to create a dental insurance program, but have created a new benefit to allow qualifying families to get help in the meantime.

Kids' dental benefit bill passes in the Senate

Surrey collision claims the life of one person

Surrey collision claims the life of one person
On Wednesday evening at 6:57 pm, Surrey RCMP responded to the report of a two vehicle collision in approximately the 4400 block of King George Boulevard. The investigation is in its early stages.

Surrey collision claims the life of one person

Surrey RCMP needs the public’s help in locating missing 66-year-old woman, Gurmail Sandhu

Surrey RCMP needs the public’s help in locating missing 66-year-old woman, Gurmail Sandhu
It is out of character for her to be out of touch with family for this long. Gurmail suffers from a medical condition requiring medication and she may appear disoriented or confused if approached. Gurmail only speaks Punjabi.  

Surrey RCMP needs the public’s help in locating missing 66-year-old woman, Gurmail Sandhu

Trudeau talking trade at Thailand summit

Trudeau talking trade at Thailand summit
The two-day visit to Thailand is for Trudeau to take part in the leaders' meeting of the Asia-Pacific Economic Cooperation forum, a group of 21 economies on both sides of the Pacific that work together to break down barriers to trade.  

Trudeau talking trade at Thailand summit

Canada won't back call to 'phase down' oil, gas

Canada won't back call to 'phase down' oil, gas
The agreement from the UN conference in Scotland last year called for countries to move faster to get rid of coal-fired electricity plants that are not abated with technology to capture emissions. India is pushing to add oil and gas to that paragraph in this year's final pact.

Canada won't back call to 'phase down' oil, gas