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

Xi confronts and warns Trudeau over media briefing

Xi confronts and warns Trudeau over media briefing
"Everything we discuss has been leaked to the paper; that's not appropriate," Xi told Trudeau through an interpreter who was with Xi when the pair met at an event during the G20 summit.

Xi confronts and warns Trudeau over media briefing

No mask mandate for B.C.: health officer

No mask mandate for B.C.: health officer
Dr. Bonnie Henry said while influenza cases are up, 90 per cent of people in the province have some immunity to the COVID-19 virus through vaccination, infection or both. Henry said masks are an important tool, but they should be used in situations where it makes sense, including in health-care settings.

No mask mandate for B.C.: health officer

B.C. Liberal Party set to become BC United

B.C. Liberal Party set to become BC United
British Columbia Liberal Party members have voted to change the party's name to BC United. Leader Kevin Falcon said 80 per cent of the voters who cast a ballot were in favour of the name change, and he was thrilled with the result.   

B.C. Liberal Party set to become BC United

Canadians divided on immigration plan: poll

Canadians divided on immigration plan: poll
Based on an online survey of 1,537 Canadians polled between Nov. 11 and 13, the results come about two weeks after Ottawa unveiled plans to admit 500,000 immigrants per year starting in 2025 to address a critical labour shortage across the country.

Canadians divided on immigration plan: poll

G20 summit ends with agenda aligned with Canada

G20 summit ends with agenda aligned with Canada
The summit hosted by Indonesia came with a surprising amount of consensus in a world roiled by geopolitical power struggles, and aligned closely with what the Liberal government of Prime Minister Justin Trudeau government had been seeking.

G20 summit ends with agenda aligned with Canada

Ottawa unsure if it’s reducing homelessness: AG

Ottawa unsure if it’s reducing homelessness: AG
The report said Infrastructure Canada and Employment and Social Development Canada do not know whether their programs are improving housing outcomes for people experiencing homelessness.

Ottawa unsure if it’s reducing homelessness: AG