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 centre says in a new update that influenza A was the most detected virus in B.C. last week, while wastewater tests indicate a slow increase in COVID-19 infections. It says B.C. is experiencing an unusual season for respiratory illnesses with "unusual characteristics," including an intense early surge in cases and the flu-related deaths of children and youth.
Police found a woman suffering from gunshot wounds inside a vehicle and immediately began lifesaving measures. The woman later passed away due to her injuries on scene. This is believed to be an isolated incident.
The Pfizer vaccine is the first "bivalent" shot to be approved for use in children. Health Canada says in a press release that after the thorough review, it has found the vaccine is safe and effective and that its benefits outweigh any potential risks when used as a booster dose.
The bird-friendly cities are: Halifax; Toronto, London, Hamilton, Burlington, Peterborough, Barrie, Halton Hills, Windsor and Guelph in Ontario; Ste-Anne-de-Bellevue, Que.; Regina; Strathcona County, Edmonton and Calgary in Alberta; and Vancouver, Saanich and Lions Bay in B.C.
Conroy inherits a budget with a projected surplus of $5.7 billion this year, but the good times are not expected to last, with private and government forecasters saying B.C.'s economic growth will dip to less than one per cent next year.
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