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.
A cap on greenhouse gas emissions from Canada's oil and gas sector will be ready by the end of next year, Environment Minister Steven Guilbeault said Monday. In an interview from Egypt where he is attending the 27th instalment of the United Nations climate talks, Guilbeault said the government is developing the regulations in "record time."
Zachary Armitage and James Lee Busch are charged with killing 60-year-old Martin Payne in July 2019, a day after the pair walked away from William Head Institution, located about eight kilometres from the victim's home in Metchosin.
As of 2021, there were more than eight million immigrants with permanent residence living in Canada - roughly 21.5 per cent of the total Canadian population. In the same year, nearly 100,000 Indians became permanent residents of Canada as the country admitted a record 405,000 new immigrants in its history.
With the final federal public-health restrictions having been lifted in September, NDP health critic Don Davies said it's about time for the government to look back at whether appropriate actions were taken to manage the crisis.
The record rains brought by an atmospheric river last November swamped southwest B.C., inundated farmland, washed out major highways and railways and forced thousands to flee. Five people died in what the Insurance Bureau of Canada ranks as B.C.'s most costly weather event, with insured losses of $675 million.
It presents two options, with the first stopping further spending on the SPS while a plan is submitted to the province for approval to end the integration and "ramp down" the municipal police agency.