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.
On March 20, 2023 at 3:37 pm, police responded to a report of a collision at the intersection of 176 Street and 80 Avenue where one of the occupants was transported to a local hospital with serious injuries. The driver of second vehicle stayed on scene and is cooperative.
The driver, Dane Nikolas Lee Miller was taken into custody and is facing charges of Flight from peace officer, Dangerous operation, Failure to stop after accident and Drive while prohibited.
The incident occurred at 5:28 p.m. in theatre 6 where approximately 20-30 people, including children, were watching a movie. The male suspect entered the theater, sprayed viewers and fled the scene.
The Mounties were contacted around 8:30 p.m. on Monday, after someone noticed the statue had been vandalized, with the head having been removed. It is not yet known when the vandalism happened. It’s believed a power tool was likely used.
In a subcommittee hearing on Capitol Hill, House Republicans fanned the flames of an emerging fire-and-brimstone narrative about a "metastasizing crisis" of irregular migration along the world's longest international frontier.
To alleviate the pressure of rising grocery prices, the federal government has extended the GST rebate boost offered in the fall. The rebate, which will go to lower income Canadians, will deliver up to $234 to a single person and up to $467 to a couple with two children.