#canadaeconomy

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๐Ÿ‘‰The Bank of Canada has expressed doubts about the government's timeline to limit non-permanent residents. The central bank forecasts 850,000 more temporary residents by 2027 than previously expected and has raised its population growth estimates. The number of people over 15 in Canada is predicted to increase by 3.3% this year, up from 3%, contributing to economic output and preventing a recession. Population growth is expected to decelerate slower than anticipated, reaching 1.7% in 2025 and 2026, due to delays in implementing policies to cap non-permanent residents at the government's 5% target.โœ… . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #ImmigrationPolicy #BankOfCanada #PopulationGrowth #TrudeauPledge #TemporaryResidents #EconomicForecast #CanadaEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

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2 months ago

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๐Ÿ‘‰Paraphrased Content: The Bank of Canada has decided to keep its key interest rate steady at 5%, marking the third consecutive decision, citing indications that the economy is no longer in excess demand. The statement suggests a cautious approach, with concerns about inflation risks, though without explicit mention of an increase. Higher rates are acknowledged for their impact on spending and a gradual easing in the labor market.โœ… . . #BoC #InterestRates #EconomicUpdate #InflationConcerns #MonetaryPolicy #CanadaEconomy #BankOfCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

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10 months ago

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๐Ÿ‘‰Diane Lebouthillier, minister of national revenue, and Ahmed Hussen, minister of housing and diversity and inclusion, say applications are now available. Lower-income renters can obtain a $500 one-time payment. Eligible candidates can request a one-time Canada Housing Benefit top-up through their CRA My Account. The one-time top-up to the Canada Housing Benefit is one way the Canadian government is striving to make life more affordable. Read the article to know about eligibility criteria and more.โœ… . . #canadahousingbenefit #housingbenefit #housingbenefitcanada #canadahousingbenefits #housingbenefitscanada #canadaeconomy #canadalivingstandards #mnm #malayalisnearmeapp #canadaupdate #canadanews

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1 year ago

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๐Ÿ‘‰The minimum wage in Ontario is set to increase to $15.50 per hour from October 1, 2022. The student minimum wage will also go up to $14.60 per hour from $14.10. The current general minimum wage in Ontario is $15 per hour. The Ontario general minimum wage applies to bartenders and alcohol servers as well. The special minimum wages for homeworkers and hunting, fishing and wilderness guides will also increase on October 1, 2022.โœ… . . #Canadaeconomy #minimumwages #ontariominimumwages #minimumwagesofontario #minimumpay #cashjob #studentsminimumpay #Canadanews #studentsminimumwages #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp #canadaupdate #canadanews

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2 years ago

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๐Ÿ‘‰๐—ง๐—ต๐—ฒ ๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ถ๐—ฎ๐—ป ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐˜† ๐˜€๐˜‚๐—ฟ๐—ด๐—ฒ๐—ฑ ๐—ฎ๐—ต๐—ฒ๐—ฎ๐—ฑ ๐—ถ๐—ป ๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜† ๐—ฎ๐˜€ ๐—ฝ๐—ฎ๐—ป๐—ฑ๐—ฒ๐—บ๐—ถ๐—ฐ-๐—ฟ๐—ฒ๐—น๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ฟ๐—ฒ๐˜€๐˜๐—ฟ๐—ถ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฒ๐—ฎ๐˜€๐—ฒ๐—ฑ, ๐—ณ๐˜‚๐—ฒ๐—น๐—น๐—ถ๐—ป๐—ด ๐—ฒ๐˜…๐—ฝ๐—ฒ๐—ฐ๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฏ๐˜† ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐˜€๐˜๐˜€ ๐˜๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐—•๐—ฎ๐—ป๐—ธ ๐—ผ๐—ณ ๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎ ๐˜„๐—ถ๐—น๐—น ๐—ผ๐—ฝ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฎ๐—ป๐—ผ๐˜๐—ต๐—ฒ๐—ฟ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐˜‡๐—ฒ๐—ฑ ๐—ฟ๐—ฎ๐˜๐—ฒ ๐—ต๐—ถ๐—ธ๐—ฒ ๐—ถ๐—ป ๐—๐˜‚๐—ป๐—ฒ. Statistics Canada said Friday real gross domestic product rose 1.1 per cent in February to post its largest monthly gain since March 2021.โœ… . . ๐‘ท๐’๐’‚๐’š ๐’”๐’•๐’๐’“๐’†: https://play.google.com/store/apps/details?id=com.malayalis.nearme&hl=en_IN&gl=US ๐‘จ๐’‘๐’‘ ๐’”๐’•๐’๐’“๐’†: https://apps.apple.com/ca/app/malayalis-near-me/id1578817415 . . #canadianeconomy #GDP #bankofcanada #canadaeconomy #ontario #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp

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2 years ago

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๐Ÿ‘‰Canada's inflation rate cooled to 2% in August, the lowest since February 2021, as reported by Statistics Canada. Monthly consumer prices fell by 0.2%, driven by decreases in gasoline, telephone services, and clothing prices. However, shelter costs, including rent, rose by 8.9%. The Canadian dollar weakened slightly following the news. The Bank of Canada, having reduced its key rate by 75 basis points since June, is expected to continue rate cuts. Analysts predict further drops in inflation to 2.4% next year, aiming for the central bank's target range of 1-3% by 2026.โœ… . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #CanadaEconomy #InflationUpdate #CPIReport #BankOfCanada #GasPrices #RentCosts #InterestRates #mnm #malayalisnearmeapp #canadaupdate #canadanews

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3 weeks ago

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๐Ÿ‘‰The Bank of Canada has implemented its third consecutive interest rate cut, reducing the key rate from 4.5% to 4.25%. This decision, anticipated by forecasters, comes as inflation continues to slow, prompting the central bank to ease its monetary policy. High interest rates earlier this year contributed to reducing inflation to 2.5% in July. Despite stronger-than-expected economic growth in the second quarter, with a 2.1% annualized increase, real GDP per capita shrank for the fifth consecutive quarter. Governor Tiff Macklem has indicated that further rate cuts are possible if inflation continues to decline.โœ… . ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐ž- ๐€๐ญ ๐š ๐ญ๐ข๐ฆ๐ž ๐š๐ง๐ ๐ฉ๐ฅ๐š๐œ๐ž ๐œ๐จ๐ง๐ฏ๐ž๐ง๐ข๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ! ๐‰๐จ๐ฆ ๐Œ๐š๐ญ๐ญ๐š๐ฆ ๐Œ๐จ๐›๐ข๐ฅ๐ž ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ +๐Ÿ ๐Ÿ”๐Ÿ’๐Ÿ• ๐Ÿ—๐Ÿ๐ŸŽ ๐Ÿ”๐Ÿ“๐Ÿ‘๐ŸŽ ๐ฃ๐จ๐ฆ.๐ฆ๐š๐ญ๐ญ๐š๐ฆ@๐œ๐ข๐›๐œ.๐œ๐จ๐ฆ @jom_mattam . . #InterestRates #BankOfCanada #Inflation #EconomicUpdate #RateCut #CanadaEconomy #GDP #mnm #malayalisnearmeapp #canadaupdate #canadanews

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1 month ago

MalayalisNearMe Official

Immigration Post

Alberta Opens Work Permit Path for Wildfire Victims in Key Sectors

โœ…The Alberta Advantage Immigration Program (AAIP) is now accepting open work permits issued by Immigration, Refugees, and Citizenship Canada (IRCC) for those impacted by the province's wildfires. This measure, effective from July 19 to November 30, 2024, aids workers unable to stay with their current employers due to the wildfires. These permits are valid in the Alberta Opportunity and Tourism and Hospitality Streams, which usually require specific work permits. While other streams like Rural Renewal and Express Entry do not require work permits, all other criteria must still be met. Alberta continues to prioritize supporting wildfire victims through these temporary measures. . Source: www.immigration.ca . . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #CanadaEconomy #Inflation #InterestRates #BankOfCanada #EconomicGrowth #FinanceNews #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

237 Views

1 month ago

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๐Ÿ‘‰Canada's inflation rate dropped to 2.5% in July, the lowest in 40 months, aligning with predictions and easing core inflation metrics. This decline strengthens expectations that the Bank of Canada will continue cutting interest rates, with another 25 basis point reduction anticipated on September 4. Analysts foresee up to three more cuts by year-end, potentially lowering the benchmark rate to 3.75%. The central bank has already reduced rates twice, shifting focus from solely curbing inflation to also stimulating economic growth. This marks the closest inflation has come to the Bank's 2% target since March 2021.โœ… . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #CanadaEconomy #Inflation #InterestRates #BankOfCanada #EconomicGrowth #FinanceNews #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

192 Views

1 month ago

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๐Ÿ‘‰Canada's economy grew at an annualized rate of 2.2% in the second quarter, outpacing the Bank of Canada's 1.5% forecast and marking an increase from 1.7% in the first quarter. This gth, driven by manufacturing and the expanded Trans Mountain pipeline, contrasts with weak household spending and retail trade. Despite strong quarterly gth, GDP per capita is expected to decline, with consumption remaining weak due to high interest rates. The Bank of Canada, which recently cut rates, will set new rates in September, amid ongoing debates on further cuts.โœ… . ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐๐ž๐ž๐ง๐š ๐•๐š๐ซ๐ ๐ก๐ž๐ฌ๐ž, ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ’๐Ÿ‘๐Ÿ•) ๐Ÿ—๐Ÿ–๐Ÿ-๐ŸŽ๐Ÿ–๐ŸŽ๐Ÿ’ @neena.robin . . #CanadaEconomy #GDPGth #EconomicUpdate #BankOfCanada #Q2Gth #CanadianEconomy #EconomicForecast #mnm #malayalisnearmeapp #canadaupdate #canadanews

151 Views

2 months ago

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๐Ÿ‘‰The Bank of Canada (BoC) cut its policy rate by 25 bps to 4.50% and downgraded its 2024 growth forecast to 1.2%, citing reduced consumption in motor vehicles and foreign travel. Governor Tiff Macklem highlighted the shift in household spending towards debt payments. The BoC expects overall inflation to dip below core inflation in H2 2024, with stabilization at 2% in H2 2025. Despite the rate cut, monetary policy remains restrictive. The economy grew by an annualized 1.7% in Q1 2024, falling short of the previous 2.8% projection.โœ… . ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐ž- ๐€๐ญ ๐š ๐ญ๐ข๐ฆ๐ž ๐š๐ง๐ ๐ฉ๐ฅ๐š๐œ๐ž ๐œ๐จ๐ง๐ฏ๐ž๐ง๐ข๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ! ๐‰๐จ๐ฆ ๐Œ๐š๐ญ๐ญ๐š๐ฆ ๐Œ๐จ๐›๐ข๐ฅ๐ž ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ +๐Ÿ ๐Ÿ”๐Ÿ’๐Ÿ• ๐Ÿ—๐Ÿ๐ŸŽ ๐Ÿ”๐Ÿ“๐Ÿ‘๐ŸŽ ๐ฃ๐จ๐ฆ.๐ฆ๐š๐ญ๐ญ๐š๐ฆ@๐œ๐ข๐›๐œ.๐œ๐จ๐ฆ @jom_mattam . . #BoC #InterestRates #Economy #Inflation #MonetaryPolicy #CanadaEconomy #TiffMacklem #mnm #malayalisnearmeapp #canadaupdate #canadanews

123 Views

2 months ago

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๐Ÿ‘‰Inflation in Canada slowed to 2.7% in June, down from 2.9% in May, largely due to a 3.1% drop in gasoline prices, according to Statistics Canada. Despite this overall decline, grocery prices are rising again, signaling renewed pressure at the checkout. Travel tour prices fell by 11.1% monthly, and cellular service costs dropped by 12.8% annually. Durable goods, such as passenger vehicles and furniture, saw price decreases due to improved inventory and eased supply chains. Higher interest rates are also curbing consumer spending, contributing to the price drops.โœ… . ๐”๐ง๐ฅ๐จ๐œ๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐Œ๐š๐ง๐จ๐ฃ ๐Š๐š๐ซ๐š๐ญ๐ก๐š, ๐š๐ง ๐š๐ฐ๐š๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐  ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ๐Ÿ๐Ÿ”-๐Ÿ๐Ÿ”๐Ÿ”๐Ÿ“ ๐„๐ฆ๐š๐ข๐ฅ: ๐ฆ๐š๐ง๐จ๐ฃ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @manojkaratha_realtor . . #Inflation #CanadaEconomy #GroceryPrices #GasPrices #ConsumerSpending #CPI #EconomyUpdate #mnm #malayalisnearmeapp #canadaupdate #canadanews

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