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.
A ministry statement says the wage increase matches B.C.'s 2022 average inflation rate and will benefit about 150,000 workers, most of them food service staff, grocery store workers, retail workers and others who were essential workers during the pandemic.
Trudeau says it's heartbreaking that discoveries like these continue to happen. The Winnipeg homicide unit says it started an investigation after staff at the Brady Road landfill south of the city found the body of 33-year-old Linda Mary Beardy on Monday.
Ibrahim Ali pleaded not guilty and told the jury through an interpreter that he "did not kill Marrisa Shen." The body of the 13-year-old girl was found in Burnaby's Central Park on July 18, 2017, just hours after her mother had reported her missing.
Sanjay Madan, who served as an IT Director within the Ministry of Education, pleaded guilty to multiple charges of fraud, breach of trust, and money laundering, which he committed by overseeing two complicated schemes to bilk millions of dollars from taxpayers, the Global News reported.
Simranjit (Shally) Singh, 40, appeared in an Albany, N.Y., court Friday to face six counts of alien smuggling for profit and three counts of conspiracy to commit alien smuggling for profit, a day after he was extradited from Canada.
Transit police say they discovered during their investigation that Kawam, who was born in 1995, made several concerning comments, leading investigators to notify the RCMP Integrated National Security Enforcement Team, who then consulted with the Public Prosecution Service of Canada on the terrorism charges.