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.
Airlines and airports have been grappling with a surge in customers this summer, compounded by staffing shortages affecting both carriers and federal agencies. As a result, travellers have experienced widespread flight cancellations, baggage delays and lengthy lineups, particularly at Toronto's Pearson International Airport.
British Columbia's largest public-sector union says it has accepted the government's invitation to resume talks following limited job action that began over a week ago. The B.C. General Employees' Union says it is expecting to return to the bargaining table "soon" as part of its negotiations with the Public Service Agency.
25-year old Surrey resident Bryce Dallas Campbell was arrested in relation to the homicides. On Monday, two charges of second degree murder and one charge of attempted murder were laid against Campbell, who remained in custody following his arrest on August 5.
At this time, investigators believe this to be an isolated incident with no connection to the Lower Mainland Gang Conflict. The victim has been identified, though his name is not being released at this time, to allow time for proper notification of the family.
Police were called to a residence in the 9000 block of 128 Street. Police located a man suffering serious injuries lying in the driveway of the residence.The suspects, described as three South Asian males, fled the area in a vehicle, believed to be a silver 4-door SUV.
DARPAN Magazine brings you highlights from some incredible events that took place over the weekend. The events featured the best of what the City of Surrey has to offer in terms of entertainment, culture, music and much more.