👉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

👉Statistics Canada reports Canada's merchandise trade deficit reached $2.3 billion in March, the largest since June 2023, following February's $476 million surplus. March saw total exports drop by 5.3% to $62.6 billion, primarily due to a decrease in unwrought gold exports, which had surged in February. Exports of metal and non-metallic mineral products also declined by 17.4%. Imports decreased by 1.2% to $64.8 billion, with electronic and electrical equipment imports falling by 8.1%. In volume terms, exports fell by 4.7% and imports decreased by 1.2%.✅ . 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 . . #CanadaTrade #TradeDeficit #StatsCan #CanadianEconomy #Export #Import #MarchTrade #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada's latest report shows Canada's employment rate slightly declined by 0.1 percentage points in February, marking the fifth consecutive monthly decrease. Although employment rose by 41,000, population growth surpassed it, resulting in a drop to 61.5%. Over the past year, the employment rate has decreased by 0.9%. Alberta and Nova Scotia saw employment gains, while Manitoba experienced a decline. Full-time job numbers increased by 71,000 in February, with self-employed workers also showing a 1.5% rise. This trend is attributed to rapid population growth outpacing employment growth.✅ . 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 . . #EmploymentRate #StatisticsCanada #CanadianEconomy #PopulationGrowth #JobMarket #EconomicTrends #LabourForceSurvey #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's economy saw a notable increase of 41,000 jobs in February, driven by robust population growth outpacing employment gains. Despite the positive job report, the unemployment rate slightly rose to 5.8%, countering January's decline. The services sector, particularly accommodation and food services, experienced significant employment growth. Alberta and Nova Scotia saw job increases, while Manitoba faced a decline. High-interest rates are impacting consumer spending, leading to a slowdown in business sales. However, the substantial population growth is mitigating some economic challenges. Chief economist Douglas Porter highlights the report's impressive aspects but notes a gradual cooling in the labor market.✅ . 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 #JobGrowth #UnemploymentRate #PopulationSurge #EconomicChallenges #LaborMarket #BusinessSales #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada reports a 1% annualized growth for the Canadian economy in Q4, following a 0.5% decline in Q3. Despite grappling with high interest rates, the economy avoided a recession, driven by export growth. Housing and business investment fell, and December saw flat real GDP due to industry contractions and a public sector strike in Quebec. BMO chief economist Douglas Porter notes anemic growth, especially in per capita terms. Household financial strain persists, impacting consumer spending and business sales. The Bank of Canada considers a rate cut amid easing inflation. Economists predict a potential cut in mid-2024.✅ . 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 #GDPGrowth #InterestRates #BankofCanada #Inflation #EconomicOutlook #FinanceNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada reports a 0.9% increase in Canadian retail sales, reaching $67.3 billion in December, with notable contributions from robust sales at new car dealers. However, the agency's preliminary estimate for January indicates a 0.4% decline at the start of 2024. Among the nine subsectors tracked, five experienced sales growth. The motor vehicle and parts dealers subsector led with a 1.9% rise, propelled by a 2.4% surge in new car sales, partly offset by a 2.7% decrease in automotive parts, accessories, and tire retailers. Core retail sales, excluding specific sectors, saw a 0.5% increase in December.✅ . 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 . . #RetailSales #CanadianEconomy #NewCarSales #carSales #CanadianCars #StatisticsCanada #RetailTrends #JanuarySalesForecast #mnm #malayalisnearmeapp #canadaupdate #canadanews