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.
Two men were discovered suffering from gunshot wounds. One was transported to hospital while the other was pronounced deceased. While it is still early in this investigation, this incident appears to be targeted.
The group of provincial and state leaders have written to Prime Minister Justin Trudeau and President Joe Biden to argue that curtailed hours at border crossings are hurting the economy. The letter is signed by Alberta Premier Jason Kenney, Saskatchewan Premier Scott Moe and Manitoba Premier Heather Stefanson, as well as Montana Gov. Greg Gianforte and North Dakota Gov. Doug Burgum.
MPs today are debating the government's legislation to create an annual $650 dental benefit for low- and middle-income families for every child under the age of 12. The bill also gives low-income renters a one-time payment of $500.
The seven-week fall sitting started Monday with the swearing-in of Liberal Elenore Sturko, who was elected last month in the Surrey South byelection. Legislature clerk Kate Ryan-Lloyd told those gathered for the swearing-in ceremony that Sturko is the first elected official in Canada to pledge allegiance to King Charles since the recent death of the queen.
Jagjit Singh's smile fades when he's asked about the cost of living in Canada since moving from India last year. Singh and his classmates say the growing financial stresses on international students cast a shadow over the new school year's possibilities and opportunities.
People entering the country are no longer subject to random mandatory tests for the virus, and those who are unvaccinated will not need to isolate upon arrival. Anyone who entered Canada in the last two weeks and was subject to quarantine or testing is off the hook as of today.