Close X
Sunday, November 17, 2024
ADVT 
National

BOC confident inflation will drop by mid year

Darpan News Desk The Canadian Press, 26 Apr, 2023 01:38 PM
  • BOC confident inflation will drop by mid year

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.

MORE National ARTICLES

Reward doubled to $500K for B.C. gondola vandalism

Reward doubled to $500K for B.C. gondola vandalism
It comes as RCMP reveal more details about their investigation and share a photo of a suspect who may have been responsible for cutting the cable on the Sea to Sky Gondola twice, in 2019 and 2020.  

Reward doubled to $500K for B.C. gondola vandalism

Schools not to blame for high COVID rates: doctor

Schools not to blame for high COVID rates: doctor
Dr. Bonnie Henry has been criticized by some parents, advocacy groups and health-care professionals who say a major jump in infections occurred during the school year among children under age 10.  

Schools not to blame for high COVID rates: doctor

B.C. shuts schools, gives workers day off Sept. 19

B.C. shuts schools, gives workers day off Sept. 19
A statement from the province says it's a national day to reflect on the "incredible life of Canada's Queen and the longest-serving monarch in British history." Prime Minister Justin Trudeau declared that Monday will be a holiday for federal government workers to mourn the Queen on the day of her state funeral.  

B.C. shuts schools, gives workers day off Sept. 19

B.C. police watchdog called after fatal shooting

B.C. police watchdog called after fatal shooting
A statement from the Mounties says members of the southeast district emergency response team attempted to arrest the man and woman, who had outstanding warrants, along Highway 3 near Keremeos on Tuesday. They say police shot the man after he allegedly pulled out a weapon, and he died at the scene.

B.C. police watchdog called after fatal shooting

A 21-year old man has been sentenced to life in prison for a 2021 shooting in Burnaby.

A 21-year old man has been sentenced to life in prison for a 2021 shooting in Burnaby.
The suspect, later identified as 21-year old Ahmed Tahir, was quickly apprehended. A second victim, who had suffered non life-threatening injuries was later identified. On May 9, 2021, the BC Prosecution Service (BCPS) laid a first degree murder charge against Tahir in relation to the homicide of Mr. Dalipi. 

A 21-year old man has been sentenced to life in prison for a 2021 shooting in Burnaby.

B.C. health minister says system needs change

B.C. health minister says system needs change
Dix spoke in Whistler today at the Union of B.C. Municipalities, an annual meeting of municipal politicians, during a plenary on health care. He says the pandemic has seen primary care transition to a disproportionately digital system, creating challenges alongside crises in paramedic services, nursing staffing levels and other areas.

B.C. health minister says system needs change