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.
On August 30, 2022, Surrey RCMP Drug Unit executed a search warrant at a convenience store located in the 10200-block of City Parkway. Investigation lead the police to believe that the business was being used to facilitate drug trafficking in the area.
Doctors trained abroad arrive in the country hoping to practise but are often stymied by the costly licensing process, and they leave for countries where it is easier to get licensed. Some provinces, including Nova Scotia and Newfoundland and Labrador, are working to streamline their procedures as they welcome Ukrainian doctors fleeing the war in their country.
Rain in southwest B.C. also dampened the two wildfires east and southwest of Hope, including the five-square kilometre blaze that affected eastbound traffic on Highway 1, and the BC Wildfire Service says both fires are now ranked as "being held," meaning neither is likely to spread.
Burnaby RCMP is asking for the public’s assistance in locating 65-year-old Rajesh Verma. Rajesh was last seen by family in the 8800-block of Armstrong Avenue at 3:30 p.m. Thursday, September 15, 2022.
Prime Minister Justin Trudeau, Gov. Gen. Mary Simon and their spouses are leading the delegation, which departs Friday, though it's unclear whether all guests will travel on the same aircraft. The group will include former governors general Michaëlle Jean and David Johnston as well as former prime ministers Kim Campbell, Jean Chrétien, Paul Martin and Stephen Harper.
A notice of claim filed in B.C. Supreme Court this week by Sea to Sky Gondola argues an alarm system designed and installed by Unified Systems Inc. failed when an unidentified person cut the cable for the second time in September 2020.