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.
The premier says the leaders expect to sign a memorandum agreement on climate approaches for the region. Horgan says B.C. and the U.S. West Coast states are facing similar climate-related issues, including wildfires, weather events and wild salmon declines, and the jurisdictions are looking for ways to work together.
On Tueaday a series of vehicle owners contacted the Port Moody Police Department reporting that their tires had been slashed overnight sometime between October 3 at 9 p.m. and October 4 at 9 a.m. These incidents occurred on View Street and Highview Place and are all believed to be connected.
B.C. Premier John Horgan says the New Democrat government's crime-fighting agenda involves more than increasing arrests of alleged violent offenders. Horgan says he agrees with Attorney General Murray Rankin who told the legislature on Tuesday that a focus on more arrests of prolific offenders to curb crime would be "futile."
Gasoline prices in Canada continue to creep higher ahead of the Thanksgiving long weekend. And while the price of crude oil slumped in September, with the international benchmark Brent sagging as low as US$84 in recent days after spending most of the summer months over $100 per barrel, it jumped on Wednesday after the OPEC Plus alliance of oil-exporting countries decided to sharply cut production.
Health Minister Jean-Yves Duclos and the federal government have tabled a new and long-awaited plan in the House of Commons to improve access to diabetes treatment and prevention in Canada. Liberal MP Sonia Sidhu called for the framework as part of a private member's bill that became law in 2021.
The VPD says it launched an investigation Tuesday after being alerted by a social media post that the glass covering the memorial in Coal Harbour had been shattered. Const. Jason Doucette says officers are looking into any links to what he called a "similar crime" in which glass sections of the Olympic Cauldron less than 200 metres away were smashed on Saturday morning.