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.
The 10-person Burnaby Urban Search and Rescue team, comprised of mostly first responders from the city's fire department, flew to Turkey with the blessing of the country's government. Arriving in Vancouver on a flight from Istanbul, members of the team touched down Tuesday afternoon following a weeklong deployment in the Turkish city of Adiyaman.
Health Minister Jean-Yves Duclos says he expects Ottawa and B.C. to soon reach a flexible bilateral action plan on health issues involving family care improvements, mental health services, front-line worker supports and modernizing the work environment.
The company, which reports in U.S. dollars, says in the fourth quarter it faced dampened new home construction in the U.S. due to high interest rates, which weighed on its lumber business in particular.
The committee launched a study of the Russian military buildup at the border with Ukraine shortly before Moscow chose to invade the country a year ago. Since then, Ottawa has sanctioned hundreds of people linked to Russia's war effort, as well as officials accused of human-rights breaches from Haiti to Sri Lanka.
Search and rescue crews were notified when the victims were reported overdue and their bodies were later recovered from the scene of the avalanche. Avalanche Canada says the area of the slide was highly wind-affected, leaving some parts of the slope thin and rocky, while other sections had up to 130 centimetres of snow.
It's the largest one-year drop in the rate since 2000, but one in eight children were still living in poverty, and the report says rates were "dramatically higher" among children living on First Nation reserves and those who recently immigrated.