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.
Dozens of people have been left without a home after an apparent explosion sparked a fire between two buildings in Vancouver's Downtown Eastside. Assistant Fire Chief Pierre Morin with Vancouver Fire Rescue Services says social services staff are trying to house at least 40 people from the single-room occupancy hotels.
The ban will not apply to members working in the BC Wildfire Service during the current wildfire season. Last week, the 33,000-member union set up pickets around liquor distribution outlets to back demands like wage protection against inflation.
The initial investigation has revealed that one vehicle, described as a silver SUV, was chasing another, described as a newer model black sedan. It is currently suspected that shots originated from the occupants of the black sedan.
These occurrences are concerning as they pose a high risk to the health and safety of the individuals being drugged with unknown substances. If you have been drugged, it is highly recommended that you seek medical assistance immediately. Police believe that there are likely additional victims who are reluctant to make a police report.
“Three violent attacks happened in close proximity to each other within a short time-frame,” says Constable Tania Visintin. “At this time, investigators are trying to determine if any of the assaults are related.”
In June of 2022, a victim of identity fraud contacted Port Moody Police after discovering a credit card was opened in their name and a $5000 purchase had been made on said credit card. The investigator was able to trace the fraudulent transaction and identify suspect. This lead the investigation to multiple properties in Surrey including a secure storage facility.