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.
Two men have been arrested after barricading themselves with weapons inside a downtown grocery store this morning. A VPD crisis negotiator convinced the men to surrender without incident. The investigation is ongoing.
On Friday, at approximately 12:30 p.m., a two vehicle collision occurred in the intersection of 132 Street and 108 Avenue. Two people have been transported to hospital with injuries.
The bodies of Jagdishkumar Patel, 39; his wife Vaishaliben Patel, 37; their 11-year-old daughter, Vihangi; and their three-year-old son, Dharmik, were found on Jan. 19 near Emerson, Man., just metres from the U.S. border. Their deaths were determined to be due to exposure.
On Wednesday, just after midnight, Surrey RCMP received the report of shots fired at a residence in the 12700-block of 27A Avenue. Police attended and located evidence consistent with a shooting. The residence was occupied at the time of the shooting, but thankfully, no one was injured.
Brampton was a second home to Moosewala, who went there in 2016 as an international student, and soon became a behemoth in the music industry delivering chart-topping hits. Punjab police recently arrested gangster Deepak Tinu, one of the main accused in the murder case.
Sgt. Steve Addison said the stabbing death of RCMP Const. Shaelyn Yang in Burnaby, B.C., this week has highlighted the fact that officers are increasingly ending up in potentially dangerous situations.