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 BC Coroners Service recorded 192 drug-related deaths in July, a 31 per cent increase from June and equating to about 6.2 deaths per day. The new figures show the death rate across the province this year is 42 per 100,000, twice what it was in April 2016 when the public-health emergency was declared.
Opposition leader Kevin Falcon says a Liberal government under his leadership would increase supply as a way to help first-time buyers. He says he would also back "direct" supports for renters, but he hasn't "fleshed out" exactly how that would look.
The donation, which was announced at an event held in Vancouver's Stanley Park on Thursday, will be made through the Wilson 5 Foundation. The commitment is part of the B.C. Parks Foundation's launch of 25x25, a multi-year campaign to protect 25 per cent of land and waters, in partnership with Indigenous people.
Members of Parliament of all political stripes are rising in tribute to the queen today in a special sitting of the House. Trudeau says Canada came of age under the queen, who signed Canada's Constitution Act in 1982, ushering in the Charter of Rights and Freedoms.
On Thursday, at approximately 5:30 am, police received a 911 call indicating a man was injured in the 5800 block of Angus Place. Upon arrival they found a 35-year-old male suffering from injuries consistent with a gunshot wound.
The Ministry of Municipal Affairs says in a news release it's providing $62 million to the city to build a new well and water-treatment system that will serve more than 165,000 people in Abbotsford, Mission and the Matsqui First Nation.