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.
The man, who is in his 30’s and is a resident of Delta, was subsequently released on conditions that include not to attend Lynn Canyon Park. The Mounties are now appealing to that person to come forward and provide information about what they witnessed.
On Tuesday, August 9th at approximately 1:59 p.m., Surrey RCMP attended to the scene of a cyclist struck by a work van in the 9700-block of 120 Street. Via release, the Mounties say the cyclist sustained serious injuries and was transported to hospital.
The decision to ground the planes comes after a crash of one of the jets on Aug. 2 at the airport in Fort St. John, B.C. No one was hurt when the pilot made a hard landing and the Air Force says the cause of the accident remains under investigation.
Mounties say the passenger who died has been identified as a 30 year old David Chavez-Jara of Surrey. Chavez-Jara was well known to police and was recently convicted on Possession for the Purpose of Trafficking.
Dawn Walker, 48, is facing two charges in Oregon related to identity fraud along with two charges in Saskatoon of child abduction and public mischief. She was arrested Friday when she and her seven-year-old son were found in Oregon City, Ore., after a two-week search.
Crews are making progress on several wildfires in the province, including a blaze near Lytton that broke out nearly a month ago and destroyed several properties. But BC Wildfire Service information officer Mikhail Elsay told a news conference Wednesday that crews are still having a difficult fight with the 68-square-kilometre fire southwest of Penticton in the Okanagan.