Close X
Friday, September 20, 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

Liberals move to create foreign influence registry

Liberals move to create foreign influence registry
The government has been under intense scrutiny in recent weeks over allegations in media reports that they did not act when they were warned China was trying to interfere in the last two federal elections. The reports by Global News and the Globe and Mail newspaper cite unnamed security sources and leaks of highly classified documents.

Liberals move to create foreign influence registry

Joly urges China to include Ukraine in peace talks

Joly urges China to include Ukraine in peace talks
Joly said Canada has been pushing China to expand its talks with Russia to include Ukraine, while South Africa's envoy urged Canada to instead support a settlement to the war. She was speaking at a public discussion on multilateralism with Norwegian Foreign Affairs Minister Anniken Huitfeldt in Ottawa.

Joly urges China to include Ukraine in peace talks

Google will stop blocking news links in Canada

Google will stop blocking news links in Canada
The company has said the test applied to news of all kinds, including content created by Canadian broadcasters and newspapers. The test will end on March 16. 

Google will stop blocking news links in Canada

B.C. to drop COVID-19 vaccine requirement

B.C. to drop COVID-19 vaccine requirement
The province says that from April 3, BC Public Service employees will no longer be required to provide proof of vaccination. It says more than 98 per cent of employees met the requirement.      

B.C. to drop COVID-19 vaccine requirement

Vancouver Police's arrest attempt leaves 25 year old man seriously injured

Vancouver Police's arrest attempt leaves 25 year old man seriously injured
Officers were made aware the man had a BC-wide warrant.  While they attempted to speak to the man in the hallway of the building, witnesses saw him fall from his balcony. The 25-year-old man was taken to hospital with life-threatening injuries.

Vancouver Police's arrest attempt leaves 25 year old man seriously injured

COVID-19 'steady' but not over in Canada, Tam says

COVID-19 'steady' but not over in Canada, Tam says
Tam says population immunity is high due to an overall high vaccine uptake combined with the immunity people got from infection. She says officials are continuing to watch for new strains of the virus that can evade people's immune systems.

COVID-19 'steady' but not over in Canada, Tam says