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 current heat wave is expected to last for several days, with cooler weather expected to finally arrive Sunday evening. On the West Coast, British Columbia's Public Safety Ministry has warned of potential heat warnings beginning as early as Saturday and continuing into next week.
Early indications are that this incident stemmed from an altercation that preceded the stabbing. Police are working to identify all parties involved, including possible suspects and will be continuing with canvassing in the area, looking for CCTV footage are anyone with dash cam.
Gurdeep is described as a 46 year-old South Asian male, 5’8” tall, 135 lbs, short hair and brown eyes. Gurdeep was last seen wearing a grey hoodie, grey pants and black sandals. Police and family are concerned for Gurdeep’s wellbeing as they have not been able to make contact with him.
A statement from police says Rabih Alkhalil, who also uses the first name of Robby, escaped from the North Fraser Pre-trial Centre in Port Coquitlam shortly before 7 p.m. Thursday. Alkhalil is one of three men charged with the murder of 36-year-old Sandip Duhre, who was shot while sitting in a busy downtown Vancouver restaurant in January 2012.
The RCMP's Upper Fraser Valley Regional Detachment says officers were called to the residence on McNaught Ave. near Yard Rd. at about 11 a.m. Thursday for reports of gunfire.When they arrived, they found the body of one woman, and a second woman with life-threatening gunshot wounds. She was airlifted to hospital, where she later died of her injuries.
Brandon Nandan has pleased guilty to various charges including possession of controlled substances (Fentanyl, Cocaine and Methamphetamine) for the purpose of trafficking and counselling person A to commit the Indictable Offence of Discharging a Firearm with intent to endanger life, and possession of a loaded 9mm caliber Beretta model 92FS Semi automatic pistol.