👉Financial analysts are predicting three increases in Canada's interest rate this year, which could have some major effects on the economy and the average Canadian. Banks are calling for an increase of 50 base points — with 1 base point equaling 0.01 of a percentage point — three times over the coming months. What this means is that we could see an interest rate increase from the current 0.50% to around 2% by the time July rolls around. After that, they are expecting it to go down to a 0.25% per rate announcement, which could mean an interest rate of around 3% to 3.25% by March 2023.✅ . . #interestrate #interestrateincreasing #malayalisnearme #canadianbanks #dailynews #dailynewscanada #malayalisnearmeapp #canadianeconomy

👉Statistics Canada's Friday report reveals that the Canadian economy gained 37,000 jobs in January, marking a slight decrease in unemployment to 5.7%, the first decline since December 2022. While the overall employment figures surpassed economists' expectations, the positive change was predominantly fueled by an uptick in part-time positions, offsetting the loss of 12,000 full-time jobs. Average hourly wages continued their growth trend, rising by 5.3% compared to the previous year. Employment increases were notable in sectors like wholesale/retail trade and finance, while accommodation and food services experienced the largest decline. Last year, Canada's labor market faced challenges due to high interest rates impacting consumer spending and business investment.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #CanadianEconomy #JobMarket #UnemploymentRate #StatisticsCanada #WageGrowth #EconomicRecovery #LaborMarketAnalysis #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉In an official statement, the province announced that this year's rate adjustment will align with the national consumer price index, augmented by one percentage point from the preceding April's minimum wage. This results in a 4.7 percent increase from the April 2023 rate. The adjustment adheres to the formula recommended by Nova Scotia's minimum wage review committee, comprising an equal representation of employee and employer representatives. Jill Balser, the Minister of Labour, Skills, and Immigration, emphasized in the news release that the increase reflects the perspectives of both employers and workers, aiming for a balanced approach to minimum wage increments.✅ Previous changes to minimum wage: April 1, 2022 - $13.35 an hour. Oct. 1, 2022 - $13.60 an hour. April 1, 2023 - $14.50 an hour. Oct. 1, 2023 - $15 an hour. 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 . . #GasTax #Manitoba #Alberta #TaxPolicy #EnergyNews #CanadianEconomy #FuelPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Finance Minister Chrystia Freeland advocates for increased competition in Canada's grocery sector as consumers grapple with rising food prices, following higher sales and profits reported by major grocers Loblaw and Metro. Freeland emphasizes the need for significant changes to Canadian competition law to stabilize food prices, expressing willingness to utilize tax policy and all available tools. Loblaw's third-quarter profit rose to $621 million, and Metro's fourth-quarter profit increased to $222.2 million. As Canadians seek to save on food costs, both companies are converting stores to discount banners, experiencing higher sales growth in private-label brands. The federal government previously urged major grocers to stabilize food prices, but Conservative Leader Pierre Poilievre questions the efficacy of such efforts. The Competition Bureau underscores the importance of increased grocery sector competition to control food prices. Legislation strengthening the Competition Bureau's powers has been introduced in September, aiming to enhance market studies and prevent collaborations detrimental to competition.✅ . . #GroceryCompetition #FoodPrice #CanadianEconomy #CompetitionLaw #TaxPolicy #ConsumerCosts #InflationChallenge #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉In August, Canada's unemployment rate held firm at 5.5%, with the economy gaining 40,000 jobs, according to Statistics Canada. This report marks the end of a three-month streak of rising joblessness. The federal agency noted that the nation's robust population growth necessitates consistent monthly job growth to maintain the current unemployment rate. Employment increased in professional, scientific, and technical services, as well as construction, while jobs declined in education services and manufacturing. On a positive note, average hourly wage growth remained robust, increasing by 4.9% annually. This data follows the recent decision by the Bank of Canada to keep interest rates unchanged amid signs of economic weakening.✅ . . #UnemploymentRate #EconomicNews #JobsReport #StatisticsCanada #CanadianEconomy #EmploymentData #LaborMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The latest report from Statistics Canada revealed that the unemployment rate in Canada increased to 5.2% in May, up from 5% in April. This unexpected rise indicates a challenging job market, as the net change in employment recorded a loss of 17,300 jobs, following a significant increase of 41,400 jobs in April. This decline in employment missed market expectations of a modest increase of 23,200 jobs by a wide margin.✅ . . #CanadaJobsReport #UnemploymentRate #CanadianEconomy #LaborMarket #JobMarket #EmploymentData #LaborStatistics #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉𝗧𝗵𝗲 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 𝘀𝘂𝗿𝗴𝗲𝗱 𝗮𝗵𝗲𝗮𝗱 𝗶𝗻 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝗮𝘀 𝗽𝗮𝗻𝗱𝗲𝗺𝗶𝗰-𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝗿𝗲𝘀𝘁𝗿𝗶𝗰𝘁𝗶𝗼𝗻𝘀 𝗲𝗮𝘀𝗲𝗱, 𝗳𝘂𝗲𝗹𝗹𝗶𝗻𝗴 𝗲𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗯𝘆 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝘀𝘁𝘀 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗖𝗮𝗻𝗮𝗱𝗮 𝘄𝗶𝗹𝗹 𝗼𝗽𝘁 𝗳𝗼𝗿 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 𝗼𝘃𝗲𝗿𝘀𝗶𝘇𝗲𝗱 𝗿𝗮𝘁𝗲 𝗵𝗶𝗸𝗲 𝗶𝗻 𝗝𝘂𝗻𝗲. Statistics Canada said Friday real gross domestic product rose 1.1 per cent in February to post its largest monthly gain since March 2021.✅ . . 𝑷𝒍𝒂𝒚 𝒔𝒕𝒐𝒓𝒆: https://play.google.com/store/apps/details?id=com.malayalis.nearme&hl=en_IN&gl=US 𝑨𝒑𝒑 𝒔𝒕𝒐𝒓𝒆: https://apps.apple.com/ca/app/malayalis-near-me/id1578817415 . . #canadianeconomy #GDP #bankofcanada #canadaeconomy #ontario #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp

👉Starting today, Canadians will see their quarterly carbon tax rebates clearly labeled as "Canada Carbon Rebate" in their bank accounts. This move, prompted by changes to the Financial Administration Act, aims to increase awareness of the rebates, as internal government polls show many Canadians are unaware of their existence. The rebates, compensating for the federal fuel charge, will be deposited today for most eligible Canadians. The amounts vary by province, with a single adult receiving between $95 and $225 quarterly. Small businesses are now eligible too, with $2.5 billion allocated to approximately 600,000 businesses.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaCarbonRebate #CarbonTax #RebateAwareness #FederalFuelCharge #CanadianEconomy #EnvironmentalPolicy #BankingUpdate #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's unemployment rate increased slightly to 6.2% in May, with a net gain of 27,000 jobs reported by Statistics Canada. Despite job gains, population growth outpaced employment growth. Sectors like health care, finance, and food services saw gains, while construction and transportation sectors experienced losses. The rise in employment was driven by part-time positions, with a decrease in full-time jobs. Additionally, more Canadians are resorting to part-time work due to limited full-time opportunities. Economists note a slowdown in the Canadian economy post-April's robust job report, indicating a cooling but stable economy.✅ . 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐞- 𝐀𝐭 𝐚 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐩𝐥𝐚𝐜𝐞 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮! 𝐉𝐨𝐦 𝐌𝐚𝐭𝐭𝐚𝐦 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 +𝟏 𝟔𝟒𝟕 𝟗𝟐𝟎 𝟔𝟓𝟑𝟎 𝐣𝐨𝐦.𝐦𝐚𝐭𝐭𝐚𝐦@𝐜𝐢𝐛𝐜.𝐜𝐨𝐦 @jom_mattam . . #UnemploymentRate #JobGrowth #StatisticsCanada #CanadianEconomy #PartTimeJobs #FullTimeEmployment #EconomicTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉On Wednesday, the Bank of Canada reduced its key interest rate by 0.25 percentage points to 4.75%, marking the first rate cut since the central bank's tightening cycle began in March 2022. This move aligns with most economists' expectations tracked by Bloomberg. April's core inflation rate fell to 2.7%, according to Statistics Canada. The overnight lending rate had been at five percent since July last year.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #BankOfCanada #InterestRate #Economy #Inflation #FinanceNews #RateCut #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's economy grew at an annualized rate of 1.7% in Q1, below the 2.2% forecast by analysts and the Bank of Canada's 2.8% projection. Revised Q4 growth showed only a 0.1% increase, down from the initially reported 1.0%. The slower-than-expected growth might prompt the Bank of Canada to consider lowering borrowing costs in June. The Q1 growth was mainly driven by higher household spending on services, though slower inventory accumulation moderated overall growth. April's GDP is estimated to have risen 0.3%, signaling a positive start to Q2. March GDP remained flat, with notable growth in the construction sector.✅ . 𝐓𝐨𝐲𝐨𝐭𝐚 & 𝐇𝐨𝐧𝐝𝐚 𝐍𝐞𝐰 𝐚𝐧𝐝 𝐔𝐬𝐞𝐝 𝐯𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐅𝐫𝐞𝐞 𝐠𝐚𝐬 𝐜𝐚𝐫𝐝 𝐰𝐢𝐭𝐡 𝐞𝐯𝐞𝐫𝐲 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐌𝐚𝐧𝐨𝐣 𝐉𝐨𝐬𝐞𝐩𝐡 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭 𝐒𝐚𝐥𝐞𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 +𝟏 (𝟔𝟒𝟕) 𝟖𝟗𝟒-𝟎𝟕𝟔𝟏 𝐦𝐚𝐧𝐨𝐣.𝐦𝐮𝐤𝐤𝐮𝐧𝐝𝐚𝐧@𝐨𝐩𝐞𝐧𝐫𝐨𝐚𝐝𝐭𝐨𝐲𝐨𝐭𝐚.𝐜𝐚 𝐰𝐰𝐰.𝐛𝐫𝐚𝐦𝐩𝐭𝐨𝐧𝐞𝐚𝐬𝐭𝐭𝐨𝐲𝐨𝐭𝐚.𝐜𝐚 𝟐 𝐌𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐎𝐧𝐭𝐚𝐫𝐢𝐨 𝐁𝐥𝐯𝐝, 𝐁𝐫𝐚𝐦𝐩𝐭𝐨𝐧, 𝐎𝐍 𝐋𝟔𝐬 𝟎𝐂𝟐 @mukkadan.joseph . . #CanadianEconomy #GDPGrowth #BankOfCanada #EconomicForecast #Q1Growth #AprilGDP #EconomicOutlook #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉A TransUnion report reveals an increase in Canadians paying only the minimum on their credit cards, up to 1.3% from last year, due to rising living costs and higher interest rates. Matthew Fabian of TransUnion Canada highlights that inflation is pushing more people, including millennials and Gen Z, to rely on credit cards and personal loans. The report shows total consumer debt at $2.38 trillion in Q1 2024, slightly down from a record $2.4 trillion in Q4 2023. The number of Canadians with credit products rose 3.75%, driven mainly by newcomers, with millennials holding the largest debt share and Gen Z's debt surging 30%.✅ . 𝐁𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚-𝐂𝐚𝐧𝐚𝐝𝐚 𝐟𝐥𝐢𝐠𝐡𝐭 𝐝𝐞𝐚𝐥𝐬 𝐚𝐰𝐚𝐢𝐭! 𝐑𝐚𝐡𝐦𝐚𝐧 𝐓𝐫𝐚𝐯𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝟔𝟒𝟕) 𝟖𝟖𝟗-𝟐𝟕𝟕𝟔, 𝟗𝟎𝟓-𝟒𝟏𝟐-𝟐𝟕𝟖𝟕 𝐬𝐚𝐥𝐞𝐬@𝐫𝐚𝐡𝐦𝐚𝐧𝐭𝐫𝐚𝐯𝐞𝐥𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.𝐜𝐨𝐦 @rahmantravelservices . . #CreditCardDebt #TransUnionReport #CanadianEconomy #InflationImpact #MillennialDebt #GenZDebt #ConsumerDebt #mnm #malayalisnearmeapp #canadaupdate #canadanews