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 documents calculated the expected revenues from the Canada Recovery Dividend and a proposed permanent increase to corporate taxes on banks and life insurance groups. The PBO said the dividend — a one-time 15 per cent windfall tax on banks and life insurers profits made during the pandemic — will generate $3 billion.
There are more than two dozen recommendations in their report aimed at the provincial prosecution service and the courts, saying it isn’t sustainable for police to continue to bear the main responsibility to manage prolific offenders. Public Safety Minister Mike Farnworth says the government will start with the return of a prolific offenders management program.
The Medical Advisory Committee was created to facilitate full representation across all the departments of the hospital, so that we can tap into the wisdom and expertise of all those voices. Essentially, we’re creating an advocacy group amongst the physicians practising in SMH.
The decline in homeownership rates between 2011 and 2021 was the largest for younger Canadians, with the rate falling to 36.5 from 44.1 for those between the ages of 25 and 29. Canadians between the ages of 30 and 34 experienced a similar but slightly smaller decline in homeownership, falling to 52.3 per cent from 59.2 per cent.
Homicide investigators say 27-year-old Richard Ofosuhene of Edmonton was found Tuesday, injured and unconscious, in the driver's seat of a running vehicle on a Surrey street. Police say Ofosuhene was known to police and had ties to drug trafficking in Alberta but they believe his homicide is an isolated incident.
The poll shows support for the Liberals fell a dramatic five points since early August, while the Tories gained six points. The NDP also rose by two and the People's Party of Canada fell by two. The poll suggests the Liberals' popularity has declined since one year ago, when Trudeau was re-elected for a second time to form a minority government.