The Bank of Canada's latest business outlook survey suggests businesses still anticipate larger-than-normal wage and price increases over the next year.
The central bank reports expectations are shifting closer to what they were before the pandemic.
Overall, the survey points to a negative sentiment as businesses continue to expect their sales growth over the next year to be weak, but fewer are expecting an outright recession.
To alleviate the pressure of rising grocery prices, the federal government has extended the GST rebate boost offered in the fall. The rebate, which will go to lower income Canadians, will deliver up to $234 to a single person and up to $467 to a couple with two children.
That benefit will be scrapped by June 2024. In its place, Tuesday's budget shows the Liberals are planning a government-administered insurance program, at a cost of $13 billion over five years beginning in fiscal year 2023-24.
At a March 20 meeting, Smyth took issue with a decision not to livestream advisory committee meetings about an official community plan or release committee members' CVs. Smyth said the move was done in a "very political way," something that was denied by Mayor Peter Jones who said it was a "practical approach" before ending questions.
Adrian Dix said in January that the government would be investigating why almost 10 per cent of prescriptions for the drug in B.C. were filled for American citizens. Dix said at the time that the dramatic increase in demand for the diabetes drug was partly because of social media "influencers" who spoke about its weight loss benefits.
The province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability. The association said construction needs to be ramped up to a record 43,000 housing completions a year for the next five years to counteract rapid population growth.
28-year-old Manveer Singh Dhesi, who is known to reside in Surrey but spend time in Burnaby, is wanted in relation to several charges including assault, uttering threats, and mischief. Burnaby RCMP is appealing for tips on his whereabouts as investigators work to locate him.