Close X
Sunday, September 22, 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

Pressure builds on Canada to send tanks to Ukraine

Pressure builds on Canada to send tanks to Ukraine
The goal is for Germany and its allies to provide Ukraine with 88 of the German-made Leopards, which would make up two battalions. While the Canadian Armed Forces has 112 Leopard 2s in a number of different variations, Prime Minister Justin Trudeau declined to say this morning whether Canada will send any of them to Ukraine.

Pressure builds on Canada to send tanks to Ukraine

Trudeau, premiers to meet on health-care deal

Trudeau, premiers to meet on health-care deal
The prime minister announced the planned meeting during a news conference Wednesday morning in Hamilton, Ont., where the Liberal cabinet is finishing a three-day retreat ahead of the return of Parliament next week.

Trudeau, premiers to meet on health-care deal

Plan around challenging avalanche season: survivor

Plan around challenging avalanche season: survivor
Experts have compared this year's snowpack, with a weak layer of sugar-like crystals buried near the bottom, to that of 2003, when avalanches in Western Canada killed 29 people, most of them in B.C. Five people have died in three B.C. avalanches so far this January.

Plan around challenging avalanche season: survivor

B.C. sets aside some timber supply for value-added

B.C. sets aside some timber supply for value-added
Forests Minister Bruce Ralston says the goal is to build a stronger, more resilient forest industry with value-added products such as mass timber, plywood, veneer, panelling and flooring. The statement says the program will be restricted to those facilities that have minimal or no forestry tenure and are approved as a value-added manufacturer.

B.C. sets aside some timber supply for value-added

Suspect pushed pedestrian to the ground, victim broke arm in the fall: Burnaby RCMP

Suspect pushed pedestrian to the ground, victim broke arm in the fall: Burnaby RCMP
A 29-year-old woman was walking on the sidewalk westbound along Edmonds Street, just before Griffiths Drive, shortly before noon when a man jogging towards her briefly stopped in front of her. The man did not say anything to the victim, but allegedly pushed her with both hands, causing her to fall to the ground.

Suspect pushed pedestrian to the ground, victim broke arm in the fall: Burnaby RCMP

U.S. sticks with 'unjustified' softwood duties: Ng

U.S. sticks with 'unjustified' softwood duties: Ng
A raft of documents filed today by the U.S. Department of Commerce, just the latest in a series of reviews of the dispute, indicates the anti-dumping and countervailing duties aren't going away. The latest combined duty rates — which are preliminary and won't take effect until after a final review expected this summer — range between 7.29 and 9.38 per cent.

U.S. sticks with 'unjustified' softwood duties: Ng