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.
Police say the suspect is in the area and is described as dishevelled. He has curly, black hair and light skin and was wearing a dark hoodie and grey shirt. They say he is considered dangerous and should not be approached.
A massive four-day manhunt came to an end north of Saskatoon Wednesday as RCMP took into custody Myles Sanderson, a suspect in a deadly mass stabbing rampage. Sanderson was found near the town of Rosthern, Sask., RCMP said, after officers responded to a report of a stolen white Chevrolet Avalanche being driven by a man armed with a knife.
The deal comes after a massive Rogers Communications Inc. service disruption on July 8 that affected millions of Canadians. In the days after the outage, Champagne directed the CEOs of Rogers and other telecom companies to develop a backup plan to prevent a similar scenario, giving them 60 days to do so.
Horgan says inflation is driving up the costs of groceries, gas and other goods and services, and the next support measures will offer families a cushion during challenging times. About 85 per cent of people in B.C. are expected to benefit from the increase in the Climate Action Tax Credit payment, estimated to be worth up to $1,500 a year for a family of four.
Chilliwack RCMP arrested two 18 year old men in connection to this incident. One man has been released without charge while the other has been released on an undertaking to appear in court on September 27th.
Though each bus had passengers on board, no victims ever came forward and there were no reported injuries. In most cases the damage wasn’t noticed by the bus drivers until after they had finished their shifts.