With cost of living increases hitting levels not seen for more than 40 years, B.C. premier John Horgan is set to announce some affordability measures.
Horgan will be making the announcement alongside Finance Minister Selina Robinson at 1:15 p.m. PT on Wednesday.
The press conference will be carried live on the Global BC website and on BC1.
The province has been promising to deliver cost of living supports for months and has been considering rebates or cheques for British Columbians.
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B.C. government looking at inflation-specific rebate to manage rising costs
In July, Horgan told Global News the province is looking at providing money to people through the climate action tax credit and is also exploring a specific rebate to deal with inflation.
“In COVID we got money to people fast and I think we can do that again. But it is a tremendous task to build these programs. There is no inflation program in anyone’s budget. It takes time to work these things through,” Horgan said in an interview with Global News at the time.
The province has also been exploring the possibility of rebates through BC Hydro.
The Bank of Canada announced another increase to interest rates on Wednesday.
The rate now stands at 3.25 per cent, up from 2.5 per cent.
Horgan previously announced a $110 ICBC rebate to address a surge in gas prices currently contributing to increases in cost of living.