Darpan News Desk The Canadian Press, 26 Apr, 2023 01:38 PM
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.
In a report published Tuesday, the independent federal agency recommended the Department of Transport "establish a framework for routine review and improvement" of its guidelines "to ensure it contains the most effective screening tools for assessing medical conditions," including cardiovascular health issues.
The B.C. government says the nation, in partnership with Pembina Pipeline Corp., proposes to use electricity to operate the LNG facility and export terminal. The $3.28-billion terminal will be supplied with natural gas from the Coastal GasLink pipeline, which is still under construction.
The budget comes at a time when the government is facing pressure to rein in spending so as to not work against the Bank of Canada's inflation-fighting efforts. The central bank has aggressively raised interest rates over the last year to dampen spending by consumers and businesses. Excessive fiscal stimulus could reverse some of that work.
The program was launched in 2017, waiving fees for people who had been in care from the ages of 19 to 26, but starting next August, that restriction will be eliminated. Since the waiver program was introduced, 1,900 students have had a total of $13 million in tuition and fees waived.
In a unanimous decision, a three-justice panel of B.C.'s highest court overturned Pirko's conviction, ruling that the trial judge's charge to the jury was "so confusing as to amount to error in law." In his ruling issued Tuesday, Fitch also says the judge's final instructions about Pirko's criminal record were "incomplete and deficient in law."
The Royal Canadian Navy launched a push to replace the country's four Victoria-class submarines nearly two years ago by creating a special team to figure out what Canada needs in a new fleet. The move came in response to growing concerns about the age of Canada's existing submarines and the amount of time needed to design and build such vessels.