Close X
Thursday, September 19, 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

Federal Court will hear arguments on deportation of truck driver in Broncos crash

Federal Court will hear arguments on deportation of truck driver in Broncos crash
In 2019, Jaskirat Singh Sidhu was sentenced to eight years after pleading guilty to dangerous driving causing death and bodily harm in the Saskatchewan crash that killed 16 people and injured 13 others.   

Federal Court will hear arguments on deportation of truck driver in Broncos crash

Criminal probe begins after campfire-sparked blaze threatened homes in Kamloops

Criminal probe begins after campfire-sparked blaze threatened homes in Kamloops
The fire was fanned by gusty winds and spread quickly through the grass and sagebrush in the park but officials say it was controlled before any homes or structures were damaged.

Criminal probe begins after campfire-sparked blaze threatened homes in Kamloops

A 4.5-magnitude earthquake registered on the west coast of Vancouver Island

A 4.5-magnitude earthquake registered on the west coast of Vancouver Island
A 4.5-magnitude earthquake shook off the west coast of Vancouver Island earlier today. Earthquakes Canada says there have been no reports of damage from the quake that was about 213 kilometres southwest of Port Alice.   

A 4.5-magnitude earthquake registered on the west coast of Vancouver Island

Chilliwack joins Abbotsford, Mission, and the FVRD for a mediator in month long transit strike

Chilliwack joins Abbotsford, Mission, and the FVRD for a mediator in month long transit strike
Some unionized bus drivers and maintenance workers walked off the job on March 20th, cutting regular bus service. Contract bargaining is protected from interference under B-C’s Labour Relations Code and municipalities have a long-standing rule of not commenting on negotiations.

Chilliwack joins Abbotsford, Mission, and the FVRD for a mediator in month long transit strike

Victim in Pitt Meadows homicide identified as 31-year-old Randy Semotiuk

Victim in Pitt Meadows homicide identified as 31-year-old Randy Semotiuk
Police have identified the victim in a homicide in Pitt Meadows this week as 31-year-old Randy Semotiuk. Police say the unhoused man from Maple Ridge had not been seen for several days, prompting a search from the R-C-M-P.  

Victim in Pitt Meadows homicide identified as 31-year-old Randy Semotiuk

Burnaby man sentenced for multiple crimes

Burnaby man sentenced for multiple crimes
A 28-year-old man who went on a multi-day crime spree in Burnaby and Vancouver last year has been sentenced to three years and two months in prison. Hayden McCorriston pleaded guilty in December to numerous charges, including sexual assault, assault by choking, and robbery. 

Burnaby man sentenced for multiple crimes