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.
Via release, police say that this is a targeted shooting and appears to be related to the Lower Mainland Gang Conflict and the victim was the target. The victim has been transported to the hospital for treatment.
A bill introduced by the Liberal government to temporarily double the rebate became law last month with unanimous support from opposition parties. The NDP has long advocated for the measure to help low- and modest-income Canadians cope with the rising cost of living.
RCMP were called to the 92nd Avenue and King George Boulevard area in the neighbourhood of Whalley just after 10 p.m. Thursday for a report of a shooting. When officers arrived, they found the injured victim.
The province's online drought map shows most of southern B.C., including east Vancouver Island and Metro Vancouver, is now ranked at drought Level 3, which means adverse drought impacts are possible. That's a drop from the most severe Level 5 rating, which covered much of the Island and inner south coast until this week.
It comes two months after Health Canada authorized a bivalent booster from Moderna that targeted the Omicron BA.1 subvariant and the original strain. Health Canada says a bivalent booster triggers "a strong immune response" against both of the more recent Omicron subvariants,as well as the original SARS-CoV-2 virus strains.
Interest rates will still apply on the provincial portion of a student’s loan. While this move is helpful for students graduating, said Rebekah Young, director of fiscal and provincial economics at Scotiabank, it is ultimately relief for interest payments on debt rather than money toward tuition or other post-secondary school expenses.