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.
A statement from the district says a 50-person firefighting crew has established a 15-metre "wet line" around the perimeter of the fire in Coquitlam's Minnekhada Regional Park, preventing any further spread. It says ground crews are now focused on dousing remaining hot spots.
The Opposition BC Liberals are calling for an all-party pay freeze as a show of solidarity with people struggling to make ends meet during inflationary times. Liberal house leader Todd Stone says members of the legislature could be in line for a salary increase in April of 10 per cent or more, amounting to raises of at least $10,000.
As the changes are rolled out, B.C. pharmacists said the smoothness of the transition will depend on the reimbursement model, staffing supports and whether there's an added administrative burden. Like many health professionals, pharmacists have faced burnout and labour shortages since the COVID-19 pandemic began.
Of the confirmed cases, 674 are from Ontario, 521 from Quebec, 162 from British Columbia, 41 from Alberta, three from Saskatchewan, two from the Yukon and one each from Nova Scotia, Manitoba and New Brunswick, the health agency added on Wednesday.
Shortly before 9 a.m. on Wednesday frontline Richmond RCMP officers responded to the area of No. 1 Road and Tucker Avenue after reports of an 11-year old boy being struck. The boy was pushing his bicycle in a marked pedestrian crosswalk and struck by a gray minivan. This minivan then proceeded to sideswipe another vehicle before fleeing the scene.
Environment Canada says 11 daily maximum temperature records were set Wednesday across parts of Vancouver Island, the central coast, southern Interior and southeastern B.C. At 26.9 C, the Pemberton area broke a record that has stood since 1908.