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

Industry could have role in national dental plan

Industry could have role in national dental plan
The Liberals set aside $5.3 billion over the next five years to launch a dental care program for uninsured low- and middle-income families. They have committed to starting with kids under the age of 12 in households with an annual income of less than $90,000 by the end of this year, with plans to extend coverage to under-18-year-olds, seniors, and persons living with disabilities in 2023.

Industry could have role in national dental plan

WATCH: Darpan Magazine showcases spectacular events in the Lower Mainland

WATCH: Darpan Magazine showcases spectacular events in the Lower Mainland
The events around town featured the best of what the City of Vancouver has to offer in terms of entertainment, culture, music and much more.  

WATCH: Darpan Magazine showcases spectacular events in the Lower Mainland

3 people dead in morning Langley shooting including gunman, shootings lasted 6 hours

3 people dead in morning Langley shooting including gunman, shootings lasted 6 hours
While police have said they are working to confirm if the victims were homeless, the attack is also drawing calls from advocates to reduce discrimination against the vulnerable population and increase safety. Two people were killed in the attacks and two others were seriously injured before the police fatally shot the suspect.

3 people dead in morning Langley shooting including gunman, shootings lasted 6 hours

Gursimran Sahota and Tanvir Khakh of Surrey arrested and charged in Whistler shooting

Gursimran Sahota and Tanvir Khakh of Surrey arrested and charged in Whistler shooting
IHIT investigators and its partners worked continuously in processing the scene and collecting the appropriate evidence to secure these charges. 3 other individuals were arrested along with Khakh and Sahota. The extent of their involvement is still being determined.  

Gursimran Sahota and Tanvir Khakh of Surrey arrested and charged in Whistler shooting

Pope sorry for assimilation of Indigenous people

Pope sorry for assimilation of Indigenous people
The Pope said he feels sorrow, indignation and shame. He said begging forgiveness is the first step and there must be a serious investigation into what took place. Francis also called the overall effects of the policies linked to residential schools "catastrophic."

Pope sorry for assimilation of Indigenous people

Rogers CEO defends outage response to MPs

Rogers CEO defends outage response to MPs
The CEO further outlined some of the technical causes of the outage and what the company is doing to prevent additional outages, including a plan to separate the wireless and internet networks.  MPs also directed questions to Industry Minister François-Philippe Champagne on government action in response to the outage.     

Rogers CEO defends outage response to MPs