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.
Finance Minister Selina Robinson says preliminary financial numbers for the first three months of 2022-23 show the province is in a strong position despite ongoing global economic risks. The quarterly report Robinson posted today also indicates financial improvements over the next three years, but includes forecasts of budget deficits for two of the three years.
The longtime MP cruised to the opposition leader's office with a blowout victory that saw him capture nearly all of the country's 338 ridings and nearly reach the 70 per cent support mark from party members.
Rachel Bendayan, the parliamentary secretary to the associate finance minister, says MPs all heard very clearly from constituents over the summer break just how difficult it has become to keep paying the bills. Fighting inflation is also politically critical for the Liberals with new Conservative Leader Pierre Poilievre maintaining his biting criticism of the government over inflation.
The late queen's coffin left Balmoral Castle in Scotland on Sunday, where it was driven by hearse to the Scottish capital of Edinburgh. It will be flown to London on Tuesday, where it will eventually lie in state for the public to say their goodbyes in the four days leading up to Monday's funeral.
Police were called to King George Blvd near 72 Ave at about 9 p.m. Sunday. Officers say a silver sedan heading south on King George struck a woman who was crossing the street between intersections.
The federal government's air quality index shows areas with the highest levels of potentially dangerous wood smoke include Cranbrook and Castelgar in southeastern B.C., the eastern Fraser Valley and the communities of Whistler and Squamish.