Close X
Monday, November 11, 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

Extreme cold grips much of Eastern Canada

Extreme cold grips much of Eastern Canada
In scores of cities and towns, government and private agencies were scrambling to provide shelter for vulnerable people as the wind was expected to make the temperature feel like -40 C to -50 C in many areas.

Extreme cold grips much of Eastern Canada

Chinatown graffiti vandal arrested: VPD

Chinatown graffiti vandal arrested: VPD
Officers patrolling the neighbourhood arrested the vandal – a man in his 60s – Wednesday afternoon, after he allegedly wrote graffiti on a building near Abbott and West Pender Street, then tagged a sign near Main and Keefer Street. 

Chinatown graffiti vandal arrested: VPD

Tom Clark to be Canada's envoy in New York City

Tom Clark to be Canada's envoy in New York City
Clark will be Canada's consul general in New York, putting him in charge of Ottawa's efforts to sow cultural and economic ties in the Big Apple, as well as in neighboring American states and in Bermuda.

Tom Clark to be Canada's envoy in New York City

Test requirement extended for travel from China

Test requirement extended for travel from China
The government says it's concerned about reports of a dramatic increase in COVID-19 cases in China, and the lack of data available from China about potential variants that could be spreading through the country.

Test requirement extended for travel from China

Jan. home sales down 55% from year earlier: REBGV

Jan. home sales down 55% from year earlier: REBGV
The board says sales for the month totalled 1,022, a 55 per cent drop from the prior January. The number of homes that changed hands last month was also 42.9 per cent below the 10-year January sales average.    

Jan. home sales down 55% from year earlier: REBGV

Man acquitted over 'automatism' stabbing of wife

Man acquitted over 'automatism' stabbing of wife
In his decision, Justice Warren Milman outlines Perignon's difficulties with extreme pain from two separate motor vehicle accidents, leading to an opioid prescription described in the judgment as "dangerously high" and above a level that would be "fatal for someone naive to opioids."    

Man acquitted over 'automatism' stabbing of wife