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.
Premier David Eby says economists are predicating a "global slowdown and potentially recession" and his government is focused on keeping the economy strong by building trade relationships and supporting businesses.
Association chief economist Brendon Ogmundson blames expected sluggish sales this year on a slowing economy and ongoing, elevated mortgage rates. The forecast predicts residential sales in B-C will skid 7.1 per cent this year before surging nearly 24 per cent in 2024.
The survivor has life-threatening injuries, but police say the public is not believed to be at risk. IHIT is trying to determine if the tripped alarm and triggered sprinklers could be linked to the case.
IHIT investigators have identified the victim as a 17-year old man, who lived in the complex in which the shooting took place. At approximately 9:15 a.m. a White Nissan Rogue was reported to have been set on fire in the area of 173 Street and 101 Avenue in Surrey.
On Wednesday, Surrey RCMP received a report that a man was masturbating in the pathway behind a townhouse complex located in the 6400-block of 168 Street. The man jumped a fence entering the backyard of one of the units, and then used a flashlight to capture the attention of the residents before shining the light on his exposed genitalia.
Upon police arrival, officers located a body of a man. During the search of the home, police also found a drug lab. Early indications suggest that this incident is targeted, and the public is not at risk.