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.
Vancouver Police responded shortly before 8 a.m. Monday after a man was seen acting erratically near East Hastings Street and Dunlevy Avenue. Following an interaction with police, the man was taken into custody. He then went into medical distress and lost consciousness.
The comments came Monday during a joint news conference with German Chancellor Olaf Scholz in Montreal as the prime minister hosted the German leader during a visit that will also include stops in Toronto and Newfoundland.
Const. Nicole Braithwaite of West Vancouver Police told a press conference today that the scene of the incident at the 400 block of Keith Road was “chaotic.” She says two women in their 60s were pronounced dead at the scene, and seven people were taken to hospital, two in critical condition.
Investigators believe the weapons were being used for protection and to intimidate others in the encampment. A 40-year-old from Vancouver, a 23-year-old from Burnaby and two men in their 20s from Surrey are due in court in October to face multiple charges.
The Canadian American Business Council's new campaign, "Travel Like it's 2019," aims to flood federal MPs with public demands for action. It calls on Ottawa to scrap the troublesome ArriveCan app, a mandatory pre-screening tool for visitors to Canada.
Canada purchased 4.5 million new doses and pushed up the delivery date for the 1.5 million doses originally scheduled to arrive in Canada next year. The agreement depends on Health Canada's approval of the bivalent vaccine, which was submitted for review on June 30.