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.
Labour Minister Harry Bains introduced a bill in the legislature today, saying the holiday will be observed this September and every Sept. 30 afterwards. He says the B.C. holiday follows the federal government's decision in 2021 to declare Sept. 30 a national truth and reconciliation holiday for its workers.
In October, the regional district said the reservoir — which serves about 90 per cent of residents in the area — was at risk of "imminent exhaustion" as southern B.C. recorded an unseasonably dry summer and warm fall.
The government's throne speech, read by Lt.-Gov. Janet Austin in the legislature today, outlines a political agenda for the coming months that includes a plan to support people amid rising costs now and in the long term.
A Boeing 737 air tanker owned by a British Columbia company has crashed in Western Australia while on deployment to a fire. Coulson Aviation, based in Port Alberni on Vancouver Island, says in a statement that both pilots walked away from the accident and have been medically assessed.
A police news release says the suspect ran after hitting the victim and took the axe with him. Officers, with help from police dog services, searched for the suspect but were unsuccessful.
Aryan Prakash was last seen on Friday, February 3rd at 1:00pm in the 5600 block of Arcadia Rd, Richmond. He may be or has been in the area of Nassau Dr/Victoria Dr in Vancouver.