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BOC confident inflation will drop by mid year

Darpan News Desk The Canadian Press, 26 Apr, 2023 01:38 PM
  • BOC confident inflation will drop by mid year

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.

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Richmond RCMP investigating 3 vehicle collision between BC Highway Patrol and Vancouver arson suspects

Richmond RCMP investigating 3 vehicle collision between BC Highway Patrol and Vancouver arson suspects
The driver of the commercial vehicle was transported to hospital for treatment of non-life threatening injuries.  Three occupants from the third vehicle involved were taken into custody. The circumstances leading up to the collision are still under investigation.

Richmond RCMP investigating 3 vehicle collision between BC Highway Patrol and Vancouver arson suspects

More Vancouver police to patrol soon: mayor-elect Sim

More Vancouver police to patrol soon: mayor-elect Sim
Ken Sim, who takes office Nov. 7, said Monday that adding the officers and the same number of mental-health nurses is one of the top priorities in his party's 94-point platform, alongside accelerating property permitting and making more daycare spaces available.

More Vancouver police to patrol soon: mayor-elect Sim

Man shot dead near University of B.C. golf course

Man shot dead near University of B.C. golf course
Sgt. Timothy Pierotti, with the Integrated Homicide Investigation Team, says they responded to shots fired Monday and found a man suffering from gunshot wounds who later died. While police have identified the victim, Pierotti says they won't be releasing more details about him, other than to say he is 38 years old.  

Man shot dead near University of B.C. golf course

Feds ask banks to help make carbon-price rebate deposits more clear

Feds ask banks to help make carbon-price rebate deposits more clear
Ottawa is trying to make the rebates more visible by sending them directly to people every three months rather than incorporating them into annual tax refunds. But when the first new deposits went out in July, most financial institutions dropped them into accounts with labels like "Canada Fed" or "EFT Credit Canada."

Feds ask banks to help make carbon-price rebate deposits more clear

More heat records in B.C., but rain is forecast

More heat records in B.C., but rain is forecast
The weather office says other records for the day were set along the south, central and north coasts, and through the central Interior and southeastern B.C. Many regions of the province have had no rain in October and no significant precipitation since early July, prompting severe drought conditions, but forecasters are calling for showers and possible snowflurries in Fort Nelson by Friday.  

More heat records in B.C., but rain is forecast

13 years for Amanda Todd's tormentor

13 years for Amanda Todd's tormentor
Justice Martha Devlin of the B.C. Supreme Court says Aydin Coban's calculated conduct caused the girl mental anguish and social isolation, contributing to her suicide after he told Todd he would ruin her life. The sentence is longer than the 12 years suggested by the Crown, but Devlin said Coban's conduct calls for "sharp rebuke."

13 years for Amanda Todd's tormentor