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 new shots approved by Health Canada, called bivalent vaccines, are designed to recognize specific mutations in the spike protein of the Omicron BA.1 subvariant. Shipments of the vaccine are expected to arrive in the next few days, and there will be enough supply for all Canadians 18 and older to get a dose this fall and winter, officials said.
On Wednesday, at 1:50 p.m., Surrey RCMP responded to 14100-block of 61 Avenue after a report of an altercation between two men. Upon arrival police found an adult male in medical distress. Despite all attempts by first responders to save the man’s life, he succumbed to his injuries on scene.
The passenger is described as a South Asian male, 6’0’ tall, medium build, approximately 35 to 40 years old, with a trimmed beard, and wearing a black jacket. There was no description provided for the driver.
The boys are described as approximately eight to ten years old. It is possible that they had a skateboard and a scooter and departed toward Menzies Street. The girl is approximately eight years old. the man involved in Friday’s incident at Portage Park is not believed to be related to a previous report of suspicious activity on Cedar Creek Drive.
Emergency Communications Professionals of BC said in a news release that staffing shortages have forced call takers to work "well beyond" their normal hours, which it believes is unsustainable. The temporary provisions are set to expire Sept. 21, while the added mental health supports end in December, the union said.
“Based on the information collected so far, there is no question the driver of the SUV knew he hit the dog and its owner,” says Constable Jason Doucette. “Luckily the owner suffered only minor injuries, but the loss of one-and-a-half-year-old Tobi has been devastating for the family.”