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.
Statistics Canada data published last month confirmed that B.C. leads the country as the province with the highest rate of unaffordable homes, due largely to the number of people paying high rents to live in downtown Vancouver. The city's home price-income unaffordability is also routinely ranked among the worst in the world.
The brown marmorated stink bug, an invasive species in Canada, is thriving in the province this season thanks to summer-like weather extending into the fall months, experts say. Although population counts aren't readily available, the unwelcome intruder is earning notice across the Fraser Valley, Metro Vancouver and parts of the Okanagan, particularly Kelowna.
The Crown is seeking a 12-year prison term for 44-year-old Aydin Coban, who was convicted in August of several offences related to an unrelenting online attack aimed at Port Coquitlam teen Amanda Todd. She endured three years of online stalking and abuse as Coban hid behind aliases and threatened and blackmailed her, before she took her own life in 2012 when she was 15.
Just before 11:00 this morning, the VPD received 9-1-1 calls reporting a man standing at East Hastings and Columbia Street had just fired a gun, then ran out of the area. The witnesses also reported bear spray had been deployed around the same time.
The International Sikh Students Association has long been calling for this change, and launched a petition early this year to move that cap from 20 to 30 hours to up the quality of life for students. Jaspreet Singh, who founded the association, said the government's decision to temporarily lift the cap came as a surprise.
A statement from Victoria police says 67-year-old Scott Graham was last seen in Madrid. The statement says his body has been located but it doesn't say where or when. He was suffering from a medical condition that had the potential to become life-threatening without medication and the alert in August said Graham's family was "deeply concerned" about his disappearance.