Darpan News Desk The Canadian Press, 26 Apr, 2023 01:38 PM
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.
McCallum ran his campaign against the backdrop of the charge laid last December, four months after he complained to the RCMP that a woman collecting signatures to keep the Mounties in Surrey ran over his foot outside a grocery store.
The U.S. National Transportation Safety Board issued an urgent safety recommendation Thursday, calling on Transport Canada and the U.S. Federal Aviation Administration to require immediate inspections of De Havilland Canada DHC-3 airplanes, better known as the DHC-3 Otter.
Health Canada officials, who gave a briefing on the condition they not be named publicly, said that would help the government refine the program before hiring a company to do the work. The Liberals committed to some form of federal dental-care coverage for low-income Canadians in its March confidence and supply agreement with the New Democrats.
The fiscal update, to be presented in the House of Commons, will also share the government's outlook for an economy facing high inflation and staring down a potential recession in the coming months.
The incoming storm is also expected to deluge parts of Metro Vancouver, including Coquitlam and Maple Ridge, with more than 100 millimetres of rain before it eases late Sunday and the weather office says rainfall warnings are likely to be issued as the forecasts are refined.
Dental care is a pillar of the supply and confidence deal between the Liberals and the NDP. The Liberals promised to launch a federal dental care insurance program by the end of 2022, starting with coverage for children from low- and middle-income families.