#canadianeconomy

MalayalisNearMe Official

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๐Ÿ‘‰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 โ€” with 1 base point equaling 0.01 of a percentage point โ€” 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.โœ… . . #interestrate #interestrateincreasing #malayalisnearme #canadianbanks #dailynews #dailynewscanada #malayalisnearmeapp #canadianeconomy

Liked by Tom Varughese and 1 others

297 Views

2 years ago

MalayalisNearMe Official

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๐Ÿ‘‰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.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 . . #CanadianEconomy #JobMarket #UnemploymentRate #StatisticsCanada #WageGrowth #EconomicRecovery #LaborMarketAnalysis #mnm #malayalisnearmeapp #canadaupdate #canadanews

Liked by Karthik Thirumala

98 Views

9 months ago

MalayalisNearMe Official

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๐Ÿ‘‰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.โœ… 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. 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’ . . #GasTax #Manitoba #Alberta #TaxPolicy #EnergyNews #CanadianEconomy #FuelPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews

Liked by Binto Thomas

128 Views

10 months ago

MalayalisNearMe Official

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๐Ÿ‘‰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.โœ… . . #GroceryCompetition #FoodPrice #CanadianEconomy #CompetitionLaw #TaxPolicy #ConsumerCosts #InflationChallenge #mnm #malayalisnearmeapp #canadaupdate #canadanews

Liked by Tom Varughese

143 Views

11 months ago

MalayalisNearMe Official

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๐Ÿ‘‰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.โœ… . . #UnemploymentRate #EconomicNews #JobsReport #StatisticsCanada #CanadianEconomy #EmploymentData #LaborMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

Liked by Robin Cherian

174 Views

1 year ago

MalayalisNearMe Official

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๐Ÿ‘‰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.โœ… . . #CanadaJobsReport #UnemploymentRate #CanadianEconomy #LaborMarket #JobMarket #EmploymentData #LaborStatistics #mnm #malayalisnearmeapp #canadaupdate #canadanews

Liked by Mathews Rony

256 Views

1 year ago

MalayalisNearMe Official

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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

Liked by MalayalisNearMe Official

233 Views

2 years ago

MalayalisNearMe Official

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๐Ÿ‘‰Statistics Canada reports a 0.2% increase in real GDP for July, following a stagnant June, mainly due to growth in the retail trade sector, which rose 1%. Motor vehicle and parts dealers led the sector with a 2.8% gain. Services-producing industries saw a 0.2% rise, while the public sector grew 0.3%, and the finance and insurance sector increased by 0.5%. Goods-producing industries had a modest 0.1% growth, with the utilities sector up 1.3% and manufacturing rising 0.3%. Early estimates for August suggest no significant GDP change, as gains in oil and gas were offset by drops in manufacturing and transportation.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 . . #CanadaGDP #EconomicGrowth #RetailTrade #Manufacturing #StatisticsCanada #CanadianEconomy #FinanceSector #mnm #malayalisnearmeapp #canadaupdate #canadanews

175 Views

1 month ago

MalayalisNearMe Official

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๐Ÿ‘‰Canada's economy grew at an annualized rate of 2.1% in the second quarter, surpassing expectations, but growth per person declined for the fifth consecutive quarter. Statistics Canada's report highlighted gains in government spending, business investment, and household services, while exports, residential construction, and goods spending fell. Economic momentum weakened in June and likely remained flat in July. The Bank of Canada may reduce interest rates to 4.25% amid signs of economic fragility. Unemployment rose to 6.4% in July, with youth and recent immigrants hit hardest. Per-capita household spending dropped by 0.4% due to high interest rates and strong population growth.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 . . #CanadianEconomy #GDPGrowth #InterestRates #Unemployment #HouseholdSpending #BoC #EconomicOutlook #mnm #malayalisnearmeapp #canadaupdate #canadanews

177 Views

2 months 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

238 Views

2 months ago

Kingsly Real Estate

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Canadian Inflation Cools Down! ๐ŸŒก๏ธ In a positive turn for the economy, the Consumer Price Index (CPI) dropped to 2.5% in July, down from 2.7% in June. This marks the second consecutive decline, with inflation easing from 2.9% in March and 2.7% in April. ๐Ÿ“‰ With inflation continuing to slow, thereโ€™s growing anticipation that the Bank of Canada may consider further interest rate cuts soon. ๐Ÿ’ธ Stay tuned for more economic insights and updates! ๐Ÿ“Š Kingsly Stanly Sales Representative ๐Ÿ“ž +1 (647) 761 9471 ๐Ÿ“ง kingsly@thecanadianhome.com Download The Canadian Home App to see the property! https://ln.thecanadianhome.com/kingslystanly [Canadian CPI July 2024, Canada inflation rate July 2024, Bank of Canada interest rate prediction, Canada Consumer Price Index update, Canadian economy July 2024, CPI drop Canada July, Bank of Canada rate cuts 2024] #CanadianEconomy #InflationCooling #BankOfCanada #CPIUpdate #EconomicTrends #RealEstateInsights #FinanceNews #MarketWatch

484 Views

2 months ago

Kingsly Stanly

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Canadian Inflation Cools Down! ๐ŸŒก๏ธ In a positive turn for the economy, the Consumer Price Index (CPI) dropped to 2.5% in July, down from 2.7% in June. This marks the second consecutive decline, with inflation easing from 2.9% in March and 2.7% in April. ๐Ÿ“‰ With inflation continuing to slow, thereโ€™s growing anticipation that the Bank of Canada may consider further interest rate cuts soon. ๐Ÿ’ธ Stay tuned for more economic insights and updates! ๐Ÿ“Š Kingsly Stanly Sales Representative ๐Ÿ“ž +1 (647) 761 9471 ๐Ÿ“ง kingsly@thecanadianhome.com Download The Canadian Home App to see the property! https://ln.thecanadianhome.com/kingslystanly [Canadian CPI July 2024, Canada inflation rate July 2024, Bank of Canada interest rate prediction, Canada Consumer Price Index update, Canadian economy July 2024, CPI drop Canada July, Bank of Canada rate cuts 2024] #CanadianEconomy #InflationCooling #BankOfCanada #CPIUpdate #EconomicTrends #RealEstateInsights #FinanceNews #MarketWatch

186 Views

2 months ago

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