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.
The ASEAN summit, which is scheduled to start on Saturday, is the first of four international meetings that Trudeau will attend over 10 days. He will also attend the G20 in Indonesia, the APEC meeting in Thailand and a Francophonie summit in Tunisia.
Delta Police Department responded to reports of shots fired in the area of 92A Ave and 117 Street in North Delta. Upon arrival, officers located a 22-year-old man from Delta with significant gunshot injuries. The victim is recovering in the hospital from his injuries. The investigation is ongoing.
A decision in the trial of former Surrey, B.C., mayor Doug McCallum comes down to his intention to mislead police by falsely accusing a woman to be suspected of committing offences against him, not whether she ran over his foot, a special prosecutor says.
The floods also caused significant damage to British Columbia's agricultural land in Abbotsford, where more than 1,100 farms were under evacuation order or alert at the peak of the disaster. About 630,000 chickens, 420 cattle and 12,000 hogs died in the floods.
Mayor Ken Sim has joined criticism of a report commissioned by the Vancouver Police Department that concludes $5 billion a year is being spent on the city's "social safety net. The $142,000 report by Alberta-based HelpSeeker Technologies says the spending includes $1 million a day in the Downtown Eastside.
The fundraiser radiothon started taking pledges from donors at 6:00 am and went on till 10:00 pm on Tuesday, Nov 8th, 2022. Thousands of people made their pledges over the phone, and hundreds walked into the RED FM studio to donate money.