Close X
Monday, November 18, 2024
ADVT 
National

BOC confident inflation will drop by mid year

Darpan News Desk The Canadian Press, 26 Apr, 2023 01:38 PM
  • BOC confident inflation will drop by mid year

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.

MORE National ARTICLES

Heat wave continues across parts of Canada

Heat wave continues across parts of Canada
The warning from the national weather agency covers broad regions of southern Ontario, Nova Scotia, Alberta and B.C. Environment Canada says maximum temperatures are expected to reach or surpass 30 C and hit the low forties when combined with humidity.

Heat wave continues across parts of Canada

CRA says it has $1.4 billion in uncashed cheques

CRA says it has $1.4 billion in uncashed cheques
The federal agency says it has approximately $1.4 billion worth of uncashed cheques in its coffers that have accumulated over the years, with some dating back to 1998. Each year, the CRA issues millions of payments in the form of benefits and refunds, but some cheques remain uncashed for various reasons, including misplacing a cheque or changing addresses.

CRA says it has $1.4 billion in uncashed cheques

3 people dead in a crash in BC's Interior, 2 people were seniors from Vancouver

3 people dead in a crash in BC's Interior, 2 people were seniors from Vancouver
Two seniors from Vancouver, a 71 year old man and 65 year old woman died on the spot. The driver of the pickup truck was taken to hospital with undetermined injuries. Impaired driving is suspected as a contributing cause to this collision.

3 people dead in a crash in BC's Interior, 2 people were seniors from Vancouver

6 Richmond RCMP investigations result in one suspect pleading guilty to seven charges

6 Richmond RCMP investigations result in one suspect pleading guilty to seven charges
The offences included a commercial break and enter in the 11000 block of Bridgeport Rd on January 30, 2022 and a commercial break and enter to a business in the 8000 block of Granville Ave on February 9, 2022.

6 Richmond RCMP investigations result in one suspect pleading guilty to seven charges

Canadians urged to donate blood as supplies low

Canadians urged to donate blood as supplies low
The organization says it currently has only four days worth of O+ blood type supply and five days worth of O- and B- blood types, along with six days worth of A- blood type and seven days worth of A+ and B+ blood types. Spokeswoman Delphine Denis says collections have been steadily decreasing since July 1.

Canadians urged to donate blood as supplies low

Suppression efforts for Okanagan, B.C., wildfire

Suppression efforts for Okanagan, B.C., wildfire
The nearly 60-square-kilometre wildfire is located about 21 kilometres southwest of Penticton. It has prompted an evacuation order of more than 500 properties and put more than 1,000 others under orders to be ready to leave at short notice.

Suppression efforts for Okanagan, B.C., wildfire