Friday, December 26, 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 B.C.'s north dies after hit by snow plow

Man in B.C.'s north dies after hit by snow plow
The pedestrian was on a street in a business area of Fort St. John when he was hit Monday. A statement from RCMP says bystanders provided first aid but the unresponsive victim was pronounced dead in hospital.    

Man in B.C.'s north dies after hit by snow plow

Safety board to release report on B.C. tug sinking

Safety board to release report on B.C. tug sinking
Transportation Safety Board chair Kathy Fox and Clifford Harvey, the director of marine investigations, will hold a news conference to reveal the findings on the sinking of the tug Ingenika in February 2021. The tug was towing a barge and had a captain and two crew members aboard when it took on water and sank in Gardner Canal.    

Safety board to release report on B.C. tug sinking

Metro Vancouver homeless count underway

Metro Vancouver homeless count underway
The association says its volunteers try to be as accurate as possible in order to understand who is living without safe, affordable, appropriate housing, and why they are in that situation. That count was completed less than a week before the pandemic was declared and it identified 3,634 people who were experiencing homelessness.

Metro Vancouver homeless count underway

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody
During the physical altercation, one youth allegedly struck the victim with a hammer and another youth allegedly brandished a knife. A total of three suspects fled the scene and soon after, officers located them at a Skytrain station.

3 youths arrested for an alleged unprovoked attack with a hammer in Port Moody

Appointment of new Surrey Ethics Commissioner Peter Johnson

Appointment of new Surrey Ethics Commissioner Peter Johnson
Mr. Peter Johnson is a partner with B.C. law firm, Stewart McDannold Stuart, and possesses more than 30 years of knowledge and experience providing legal advice and assistance to local governments throughout the province on a wide variety of matters. 

Appointment of new Surrey Ethics Commissioner Peter Johnson

PBO: Plenty of immigration staff to meet goals

PBO: Plenty of immigration staff to meet goals
Yves Giroux says his office analyzed the cost of processing applications for economic immigrants through the express entry system for five fiscal years. For the 2022-23 fiscal year, the report said Immigration, Refugees and Citizenship Canada has 65 per cent more staff than needed to process applications on time.

PBO: Plenty of immigration staff to meet goals