Wednesday, December 31, 2025
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

Man in court on murder charge of B.C. Mountie

Man in court on murder charge of B.C. Mountie
Jongwon Ham appeared virtually in court on Wednesday after a significant delay wearing a red shirt, a beard and his black hair reached past his shoulders. Ham was ordered remanded until Nov. 24 while he worked on getting a lawyer. The 37-year-old has been charged with first-degree murder in the death of RCMP Const. Shaelyn Yang.

Man in court on murder charge of B.C. Mountie

Vancouver Police investigates after security guard threatened with knife

Vancouver Police investigates after security guard threatened with knife
The incident happened on October 27 at around 7:30 p.m., after security for Hotel Georgia asked the suspect, who was loitering in the breezeway of the hotel, to leave the area. The suspect pulled a knife from his jacket and approached the security guard.

Vancouver Police investigates after security guard threatened with knife

B.C. woman's remains found 32 years after death

B.C. woman's remains found 32 years after death
RCMP say the human remains were discovered last month in Connaught Hill Park. Police say with the help of the BC Coroners Service, it was able to identify the remains as those of Donna Charlie, who was killed in 1990.

B.C. woman's remains found 32 years after death

Surrey man charged in connection to uttering threats to an American journalist

Surrey man charged in connection to uttering threats to an American journalist
On November 10, 2022, 38 year-old Nicholas Sullivan was charged with five counts of uttering threats to cause death or bodily harm through social media. He is scheduled to appear in court later this month.

Surrey man charged in connection to uttering threats to an American journalist

Xi confronts and warns Trudeau over media briefing

Xi confronts and warns Trudeau over media briefing
"Everything we discuss has been leaked to the paper; that's not appropriate," Xi told Trudeau through an interpreter who was with Xi when the pair met at an event during the G20 summit.

Xi confronts and warns Trudeau over media briefing

No mask mandate for B.C.: health officer

No mask mandate for B.C.: health officer
Dr. Bonnie Henry said while influenza cases are up, 90 per cent of people in the province have some immunity to the COVID-19 virus through vaccination, infection or both. Henry said masks are an important tool, but they should be used in situations where it makes sense, including in health-care settings.

No mask mandate for B.C.: health officer