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.
Under the bail conditions, Polman is prohibited from possessing a cellphone or any other device capable of connecting to the internet, and from driving any motorized vehicle. She cannot possess any documents related to a terrorist group or leave B.C. without the consent of her bail supervisor, and she must be electronically monitored and abide by a 9 p.m. curfew.
The report, which looked at data from more than 4,750 food banks and community organizations, said the skyrocketing cost of food and housing, as well as high inflation and lowsocial assistance rates, have contributed to the rise in food bank usage. Kirstin Beardsley, the CEO of Food Banks Canada, called the numbers "devastating."
According to public accounts documents released Thursday, the federal deficit for the 2021-22 fiscal year was less than expected because of Canada's strong economic recovery from the pandemic and the winding-down of pandemic supports. The federal deficit was $90.2 billion, while the 2022 budget projected it would come in at $113.8 billion.
The Office of the Premier says in a news release that the ceremony to make Eby B.C.'s 37th premier will take place at Government House, with further details to be provided soon. Eby became premier-designate last week after being acclaimed as leader of the New Democrats, about four months after Horgan announced his impending retirement for health reasons.
Bridgeport Road is closed, between Viking Way and No. 6 Road, due to downed hydro lines. Traffic is being diverted. BC Hydro is en route.
Last November, historic rainfall caused flooding of 15,000 hectares of land, affecting more than 1,000 farms and 2.5 million livestock, washing out highway and railway infrastructure, and causing an estimated $285 million in damage.