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.
Environment Canada has posted air-quality statements for the Fraser Valley and a large section of southeastern B.C., while haze is also expected across Metro Vancouver on Saturday. The BC Wildfire Service says a lightning-caused blaze sparked in northern Washington state last month now covers 70 square kilometres, including nearly 31 square kilometres that have burned in Manning Park.
It's the second vaccine to be approved for that age group, after Health Canada approved Moderna's Spikevax shot in July. Health Canada says it is approving a three-dose primary series of the vaccine for children under five, with three weeks between the first and second doses and eight weeks between the second and third doses.
The government will likely keep the Queen on the $20 bill for a while before any changes are made, however. The Royal Canadian Mint, which manufactures and distributes Canada's coins, said the government has exclusive jurisdiction over their design.
Eighteen-year-olds Evan Smith and Emily Selwood were walking near the university student residences at the Point Grey campus early on Sept. 26, 2021, when a vehicle veered up onto the sidewalk and hit them and a parked car before stopping. Smith and Selwood died at the scene.
Darpan Cruiser In Your City brings you highlights from some incredible events that took place over the weekend. The events featured the best of what the Lower Mainland has to offer in terms of entertainment, culture, music and much more.
The fire destroyed a two-storey building that housed the church and a convenience store and threatened the seven-storey Maple Hotel, temporarily displacing vulnerable residents. Const. Tania Visintin says investigators believe each of the three knew of the arson and had time to either put out the fire or call for help.