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 provinces budgeted about $204 billion for health care in this fiscal year and the Canada Health Transfer was set at $45 billion, or about 22 per cent of that. The premiers want the federal share to increase to 35 per cent.
The death toll of Monday's earthquake has surpassed 6,200 and is expected to rise as search and rescue operations continue. Turkish Canadians have also stepped in to raise funds and collect donations to send to their country of origin.
The 46-year-old Chasing Horse remains behind bars in the U.S. after being formally charged Monday in North Las Vegas with counts including sex trafficking, sexual assault against a child younger than 16, and child abuse.
Labour Minister Harry Bains introduced a bill in the legislature today, saying the holiday will be observed this September and every Sept. 30 afterwards. He says the B.C. holiday follows the federal government's decision in 2021 to declare Sept. 30 a national truth and reconciliation holiday for its workers.
In October, the regional district said the reservoir — which serves about 90 per cent of residents in the area — was at risk of "imminent exhaustion" as southern B.C. recorded an unseasonably dry summer and warm fall.
The government's throne speech, read by Lt.-Gov. Janet Austin in the legislature today, outlines a political agenda for the coming months that includes a plan to support people amid rising costs now and in the long term.