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

B.C. Liberal Party set to become BC United

B.C. Liberal Party set to become BC United
British Columbia Liberal Party members have voted to change the party's name to BC United. Leader Kevin Falcon said 80 per cent of the voters who cast a ballot were in favour of the name change, and he was thrilled with the result.   

B.C. Liberal Party set to become BC United

Canadians divided on immigration plan: poll

Canadians divided on immigration plan: poll
Based on an online survey of 1,537 Canadians polled between Nov. 11 and 13, the results come about two weeks after Ottawa unveiled plans to admit 500,000 immigrants per year starting in 2025 to address a critical labour shortage across the country.

Canadians divided on immigration plan: poll

G20 summit ends with agenda aligned with Canada

G20 summit ends with agenda aligned with Canada
The summit hosted by Indonesia came with a surprising amount of consensus in a world roiled by geopolitical power struggles, and aligned closely with what the Liberal government of Prime Minister Justin Trudeau government had been seeking.

G20 summit ends with agenda aligned with Canada

Ottawa unsure if it’s reducing homelessness: AG

Ottawa unsure if it’s reducing homelessness: AG
The report said Infrastructure Canada and Employment and Social Development Canada do not know whether their programs are improving housing outcomes for people experiencing homelessness.

Ottawa unsure if it’s reducing homelessness: AG

Coquitlam RCMP ask: Is this your ring?

Coquitlam RCMP ask: Is this your ring?
A good Samaritan turned the ring into the Coquitlam RCMP - Ridgeway Community Police station after it was located on a trail near the water at Rolley Lake Provinical Park in Mission at the beginning of September, 2022.

Coquitlam RCMP ask: Is this your ring?

Merritt RCMP investigating series of early morning shootings

Merritt RCMP investigating series of early morning shootings
Police believe all the incidents are related and targeted. The investigation is currently in the extremely early stages and investigators are prioritizing their efforts and task as they gather evidence as well as speak to witnesses.

Merritt RCMP investigating series of early morning shootings