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.
Drivers are reminded that the Pattullo Bridge between Surrey and New Westminster will be closed in both directions starting on Thursday, April 6, at 10 p.m. and reopening on Tuesday, April 11, at 5 a.m. Drivers should take the Port Mann or Alex Fraser bridges as alternate routes.
On March 3rd of last year police were contacted about allegations involving a man and a child victim whom the accused had initially met online, and later met in-person. On March 9th, following an extensive investigation, 39-year-old Adam Joseph Woolacott of Burnaby was charged with various sexual offences.
The man, who had unfortunately lost money to a so-called grandparent scam last summer, received a phone call from a person claiming to work for Burnaby RCMP Victim Services who said she could help him recover the lost funds. The scammer verbally provided the legitimate Burnaby RCMP Victim Services phone number to the senior as a callback number.
Mulroney, 84, was prime minister from 1984 to 1993, as leader of the Progressive Conservatives. While in office he negotiated the first free trade agreement with the U.S., which later became NAFTA.
A ministry statement says the wage increase matches B.C.'s 2022 average inflation rate and will benefit about 150,000 workers, most of them food service staff, grocery store workers, retail workers and others who were essential workers during the pandemic.
Trudeau says it's heartbreaking that discoveries like these continue to happen. The Winnipeg homicide unit says it started an investigation after staff at the Brady Road landfill south of the city found the body of 33-year-old Linda Mary Beardy on Monday.