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.
A million Canadians took a bus or train to work in 2021, which is less than the 1.2 million who took transit when the data was first collected in 1996 and almost 50 per cent lower than it was in 2016.
The snow and freezing temperatures turned many Metro Vancouver roads and bridges to sheets of ice, making the Tuesday evening commute an hours-long ordeal. At YVR, officials are urging patience after an EVA Air flight skidded off a taxiway upon landing Tuesday evening and remains stuck in the grass.
Ten days after being sworn in as Premier of British Columbia, David Eby was at SFU’s Surrey campus to announce $4.9 million in start-up funding for the medical school on Monday and to share some of the first details about the school, which is aiming to accept it first students by September 2026.
Witnesses told police the man slapped a woman, assaulted a cyclist, then tried to attack someone who was walking amongst a group of people outside Nester’s Market. He also allegedly tried to start a fight near the Metropole Pub and brandished a weapon before being confronted by police.
Crowds in China angered by the anti-virus controls have called on leader Xi Jinping to resign in the biggest show of public dissent in decades. The regime has eased some of its strict controls after demonstrations in at least eight mainland cities as well as Hong Kong.
Canada's Justice Department says Aydin Coban was taken back to his home country on Nov. 24, where he will continue serving a nearly 11-year sentence imposed by a Dutch court in 2017 for similar crimes involving more than 30 youth.