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.
Pharmacists will be able to administer more vaccines and renew prescriptions for people who have lost their family doctors starting Oct. 14. Next spring, they will begin prescribing drugs for minor ailments like urinary tract infections, allergies and indigestion, meaning patients won't have to visit a doctor first.
Gas prices in Vancouver hit a new high of more than $2.39 a litre at some stations Thursday, blowing past the previous peak set this summer. One gas analyst said that's a new all-time record for North America, and expects prices to continue to rise this week.
That matching campaign was due to end on Wednesday. In an interview, Sajjan says the campaign will go on and the amount is now capped at $5 million.
A new report says the average home price reached a peak of $839,600 in February 2022, up 52 per cent from $551,100 in February 2020. Since then, however, prices have declined by seven per cent, down to $777,200 in August.
The government tabled a bill earlier this month to boost the rebate for six months in an effort to help low- and modest-income Canadians cope with high inflation. The proposal followed months of pressure from the NDP to help people who are struggling with the rising cost of living.
A new book urges the Liberals to outline its friends, foes and priorities in the region spanning India to British Columbia. Foreign Affairs Minister Mélanie Joly said this spring that a strategy was imminent, but her office still has no timeline for when it will be released.