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.
Finance Minister Selina Robinson says much of the added surplus comes from higher personal and corporate income taxes, while sales taxes and natural gas royalties were also higher. Robinson says $2 billion of the added revenue has already been earmarked for cost-of-living measures announced since the summer.
Cpl. Alex Berube says in a statement they have learned that the plane was transporting two passengers out of a logging camp back to Port Hardy. Coast guard helicopters and boats were sent to the search area but no survivors have been found.
The province has yet to reach the point of scrapping operations, said Dix Thursday, as he faced Opposition calls for his resignation. Parents and the Opposition have decried lengthy waits at emergency rooms across B.C. for children suffering serious respiratory symptoms.
Richmond RCMP are recommending those traveling to the Vancouver International Airport give themselves extra time to catch their flights this coming weekend. Mounties will have additional officers on the roadways around the mall and airport to assist with traffic flow.
Jasvir Parmar was last seen on November 21, 2022 in the 6600-block of 133rd Street. Her last contact with family was in the early morning hours on Tuesday. Since then, efforts to find her have been unsuccessful. Police and family are concerned for Parmar’s well-being.
Sajjan attended the World Cup on behalf of the Trudeau government, where the Canadian men's team is competing for the first time in years. He met with U.S. Secretary of State Antony Blinken and local officials.