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.
In his latest economic and fiscal outlook, budget watchdog Yves Giroux says he expects the Bank of Canada to raise its key interest rate to four per cent by the end of the year, a move which is in line with financial markets' expectations.
Surrey RCMP says an investigation began after its community response unit linked multiple reports of victims being drugged and robbed. In one case in February 2021, a man died, allegedly after being given a substance during an encounter.
The trees of Stanley Park, typically the green jewel of Vancouver's downtown core, just can't catch a break. Experts say large numbers of browning trees appear dead or dying, because of a one-two combination of foliage-munching grubs and an exceptionally dry weather spell, with the last appreciable rain falling in Vancouver on Sept. 4.
Upon arrival, emergency service workers located a three-vehicle collision. One of the drivers was found suffering from serious life-threatening injuries and was transported to the hospital, but sadly succumbed to his injuries.
The injuries sustained by the teenager required hospital treatment. Following a thorough investigation, police identified and arrested the suspect. 30-year-old Devin Monteleone of Burnaby, BC, has been charged with the assault causing bodily harm.
The British Columbia recall petition launched against Harwinder Sandhu, the member of the legislature for Vernon-Monashee, was a failure. Elections BC says in a statement the recall petition was not submitted by the Oct. 11 deadline under the Recall and Initiative Act.