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.
John Frederick Field, 60, received statutory release from Kent Institution on Thursday, but left his Vancouver halfway house around 7:30 p.m. and has not been seen or heard from since.His current whereabouts are unknown, and he is considered a significant risk to the public.
Charges have been approved against a 59-year-old man in relation to an Indecent Act that occurred on Lougheed Highway in North Burnaby earlier this year. Burnaby RCMP’s High Risk Offender Unit took conduct of the investigation with assistance from other plainclothes units within the detachment.
The Integrated Homicide Investigation Team (IHIT) has released a sketch of the suspect in Guildford shooting. Officers attended the scene and located two men associated to a taxi suffering from gun shot wounds.
In a statement today, Richard Wagner says Michelle O'Bonsawin has proven herself to be principled, authentic and hard-working throughout her career as a lawyer and judge. Prime Minister Justin Trudeau nominated O'Bonsawin earlier this month and on Friday confirmed her appointment to the top court effective Sept. 1.
Mood Cannabis Co. chief executive Cory Waldron says he had to lay off 90 per cent of staff at his two Nanaimo stores because they weren't receiving deliveries from the BC Liquor Distribution Branch.
Coleman is hoping to lead the new Elevate Langley party into municipal politics after first being elected as a B.C. Liberal member of the legislature in 1996. He was last in the public eye in May, when he was called for a second time to testify at an inquiry into money laundering via casinos in B.C. when he was gaming minister.