👉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

👉As of April 1, 2024, Canada's federal minimum wage jumps to $17.30/hour, rising from $16.65/hour to combat inflation. This impacts federally regulated sectors including banking and transportation. Criticism persists, citing the new rate's inadequacy for living costs. Additionally, five provinces see increases: PEI to $15.40/hour, Nova Scotia to $15.20, New Brunswick to $15.30, Newfoundland and Labrador to $15.60, and Yukon to $17.59. The adjustments aim to address wage disparity but face ongoing scrutiny for meeting living wage standards.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #CanadaMinimumWage #LivingWage #Inflation #EconomicNews #WorkerRights #WageIncrease #FederalRegulations #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's annual inflation rate dropped unexpectedly to 2.8% in February, as cellular and internet service prices declined sharply, and grocery price growth slowed. Statistics Canada's consumer price index report reveals a second consecutive month of softened price growth. Economists anticipated a rise above January's 2.9%, partly due to increased gasoline prices. Wireless service prices fell by 26.5%, while internet prices dropped by 13.2% compared to a year ago. Despite slower grocery price growth, food prices still rose by 2.4%. Housing costs contributed to inflation, with mortgage interest up 26.3% and rent up 8.2% annually. The Bank of Canada sees this report as positive evidence but awaits sustained inflation at the 2% target before considering interest rate cuts, expected to begin in June.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #InflationRate #EconomicNews #StatisticsCanada #ConsumerPriceIndex #BankofCanada #InterestRates #PriceGrowth #GroceryPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉British Columbia is set to raise its minimum wage from $16.75 to $17.40 on June 1, marking a 3.9% increase. The announcement follows amendments to Bill 2, linking future minimum wage increments to the prior year's inflation rate. This move aims to guarantee annual raises for minimum-wage earners, preventing them from falling behind. Minister of Labour Harry Bains emphasized the province's commitment to addressing wage disparities. Other categories, such as alternate minimum wages for specific roles, will also witness a 3.9% hike. B.C., once among the lowest, now boasts the highest minimum wage among Canadian provinces.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #MinimumWage #BritishColumbia #EconomicNews #InflationTied #WageIncrease #LabourRights #BCWorkers #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's annual inflation rate dropped to 2.9% in January, a significant decrease from December's 3.4%. The primary contributor to this decline was lower gasoline prices on a year-over-year basis. Additionally, the growth in grocery prices slowed, increasing by 3.4% annually, down from 4.7% in December. On a seasonally adjusted basis, prices experienced their first decline since May 2020, according to the consumer price index report. The Bank of Canada's preferred core inflation measures, designed to eliminate price volatility, also saw a reduction last month.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadianEconomy #InflationUpdate #PriceDecline #ConsumerPriceIndex #BankOfCanada #EconomicNews #GroceryInflation #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's economic plan sees Deputy Prime Minister Chrystia Freeland and Minister Francois-Philippe Champagne unveil a $99 million injection into the Canada Housing Benefit. The "top-up" aims to directly aid low-income renters, offering rent support payments and creating emergency shelter spaces nationwide. Additionally, a $5 million annual boost triples funding for the Contributions Program for Non-profit Consumer and Voluntary Organizations. This initiative, combating grocery price hikes, partners with consumer advocacy groups to investigate inflation and unethical practices. The total housing benefit for 2023-24 reaches $325 million, impacting over 300,000 low-income households by 2027-28.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #OttawaFunding #RentAffordability #GroceryPriceSurge #CanadaEconomicPlan #HousingBenefit #GovernmentInitiative #EconomicNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉In December 2023, Canada experienced a 3.4 percent increase in its inflation rate, a widely anticipated rise attributed to a steeper decline in gasoline prices. Grocery prices mirrored the 4.7 percent increase seen in November. Statistics Canada reported an annual average inflation rate of 3.9 percent for 2023, a decline from the 40-year high of 6.8 percent in 2022. The federal agency highlighted a slowdown in price growth across six out of eight components of the consumer price index compared to the previous year.✅ . 𝐁𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚-𝐂𝐚𝐧𝐚𝐝𝐚 𝐟𝐥𝐢𝐠𝐡𝐭 𝐝𝐞𝐚𝐥𝐬 𝐚𝐰𝐚𝐢𝐭! 𝐑𝐚𝐡𝐦𝐚𝐧 𝐓𝐫𝐚𝐯𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝟔𝟒𝟕) 𝟖𝟖𝟗-𝟐𝟕𝟕𝟔, 𝟗𝟎𝟓-𝟒𝟏𝟐-𝟐𝟕𝟖𝟕 𝐬𝐚𝐥𝐞𝐬@𝐫𝐚𝐡𝐦𝐚𝐧𝐭𝐫𝐚𝐯𝐞𝐥𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.𝐜𝐨𝐦 @rahmantravelservices . . #StatCan #InflationFigures #EconomicNews #DecemberInflation #InflationRate #FinancialNews #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The Canadian job market has gained 18,000 jobs in the previous month of October. However, the unemployment rates have gone up slightly from 5.5% to 5.7%. Wage growth slowed to 4.8% from 5% back in September. While the construction and information sectors have witnessed job growths, there was an overall decline in the wholesale, retail, and manufacturing industries. The economy faces headwinds due to rising interest rates.✅ . . #CanadianJobs #UnemploymentRate #JobMarket #EconomicNews #WageGrowth #CanadianEconomy #canadajobbabk #mnm #malayalisnearmeapp #canadaupdate #canadanews

Interest Rate Alert! Bank of Canada Holds the Line at 5% 📈 In a defining moment for the Canadian economy, the Bank of Canada stands firm with a steady 5% policy rate. A pivotal move for our financial future. Share your insights in the comments follow me to get the latest updates on The Canadian Real Estate Market Kingsly Stanly Sales Representative 📞 +1 (647) 761 9471 📧 kingsly@thecanadianhome.com Download The Canadian Home App to see the property! https://ln.thecanadianhome.com/kingslystanly #EconomicLandscape #BankofCanadaUpdate #PolicyRateWatch #FinancialFuture #EconomicInsights #SteadyCourse #RealtorPerspective #CanadaEconomy #MoneyMatters #EconomicResilience #RealEstateEconomy #MarketWatch #RealtorViews #EconomicNews #CanadaFinances

Interest Rate Alert! Bank of Canada Holds the Line at 5% 📈 In a defining moment for the Canadian economy, the Bank of Canada stands firm with a steady 5% policy rate. A pivotal move for our financial future. Share your insights in the comments follow me to get the latest updates on The Canadian Real Estate Market Kingsly Stanly Sales Representative 📞 +1 (647) 761 9471 📧 kingsly@thecanadianhome.com Download The Canadian Home App to see the property! https://ln.thecanadianhome.com/kingslystanly #EconomicLandscape #BankofCanadaUpdate #PolicyRateWatch #FinancialFuture #EconomicInsights #SteadyCourse #RealtorPerspective #CanadaEconomy #MoneyMatters #EconomicResilience #RealEstateEconomy #MarketWatch #RealtorViews #EconomicNews #CanadaFinances

👉Canada's inflation rate in May dropped to 3.4%, reaching its lowest point since June 2021. The decrease is anticipated to be positive news for the Bank of Canada, as it prepares for the upcoming interest rate decision on July 12, following a recent quarter-percentage point increase to 4.75%. Statistics Canada's report attributed the slowdown primarily to reduced gasoline prices compared to the previous year. However, despite the overall decline, food inflation has yet to see a significant improvement, with grocery prices remaining high, increasing by nine per cent annually and showing minimal change from April. April had experienced a slight increase in inflation to 4.4%, slightly reversing the progress made since the previous summer.✅ . . #CanadaInflation #BankOfCanada #InterestRateDecision #GasolinePrices #FoodInflation #GroceryPrices #EconomicNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉On Wednesday, the Bank of Canada announced its decision to maintain its policy rate at 4.5%, as it monitors the effects of previous rate hikes on the economy. Having raised interest rates eight times between March 2022 and February 2023, the central bank had signaled its intention to pause any further hikes. The bank had implemented a series of rate hikes in early 2022, following a period of reduced rates at the start of the pandemic to stimulate economic activity. Canada's inflation rate, which had peaked at over 8% in June 2022, has since moderated to just over 5% as of February 2023, with the upcoming release of March data expected to indicate a further decrease to as low as 4%. Overall, this latest decision by the Bank of Canada may impact Canadians looking to purchase a home, as the policy rate can influence mortgage rates and overall affordability.✅ . . #BankofCanada #KeyRate #MonetaryPolicy #EconomicNews #InterestRates #CanadianEconomy #FiscalPolicy #mnm #malayalisnearmeapp #canadaupdate #canadanews