Close X
Thursday, November 28, 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

Brampton honours Canada's first turbaned Sikh MP Gurbax Malhi

Brampton honours Canada's first turbaned Sikh MP Gurbax Malhi
Malhi paved the way for the representation of turban-wearing individuals and minorities in Parliament and was a fierce advocate for diversity and inclusion. The honour for Malhi coincides with the Sikh Heritage Month, and it was presented to him by Mayor Patrick Brown at a ceremony in The Rose Brampton, Ontario.

Brampton honours Canada's first turbaned Sikh MP Gurbax Malhi

Canada needs 30,000 new immigrants in agri sector: Report

Canada needs 30,000 new immigrants in agri sector: Report
Over the same period, a shortfall of 24,000 general farm, nursery and greenhouse workers is expected to emerge, and in 10 years, 60 per cent of today's farm operators will be over the age of 65, that is, close to retirement.

Canada needs 30,000 new immigrants in agri sector: Report

B.C. old-growth protesters celebrate as contempt prosecution has 'collapsed'

B.C. old-growth protesters celebrate as contempt prosecution has 'collapsed'
Gordon Comer with the prosecution service says they’re reviewing other cases affected by a court ruling back in February that acquitted protester Ryan Henderson on contempt charges due to the R-C-M-P’s failure to properly read an injunction to Fairy Creek blockaders. 

B.C. old-growth protesters celebrate as contempt prosecution has 'collapsed'

Male suspect allegedly stabs another male passenger in the abdomen on SkyTrain travelling to Surrey Central Station

Male suspect allegedly stabs another male passenger in the abdomen on SkyTrain travelling to Surrey Central Station
While the train was in motion, there was an alleged verbal interaction between the victim and a nearby male passenger, which resulted in the male passenger pulling out a sharp object and stabbing the victim in the abdomen.

Male suspect allegedly stabs another male passenger in the abdomen on SkyTrain travelling to Surrey Central Station

Weekend home invasion investigation continues: Ridge Meadows RCMP

Weekend home invasion investigation continues: Ridge Meadows RCMP
Ridge Meadows R-C-M-P say they were called to a home at 1:30 in the morning on Saturday on Garden Street after receiving a report of a home invasion they say was targeted. R-C-M-P say officers held the scene as they awaited a search warrant, which was executed by the detachment’s Investigative Support Team. 

Weekend home invasion investigation continues: Ridge Meadows RCMP

Vancouver police officer tells inquest he punched Myles Gray as hard as he could

Vancouver police officer tells inquest he punched Myles Gray as hard as he could
A Vancouver police officer told a British Columbia coroner’s jury that he punched Myles Gray in the head as hard as he could several times because he didn’t think anything else would work to subdue the man, other than shooting him.

Vancouver police officer tells inquest he punched Myles Gray as hard as he could