#economicrecovery

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

Kingsly Real Estate

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Great News! ๐ŸŒŸ๐Ÿ“ˆ The Real Gross Domestic Product (GDP) grew by 0.4% in April (year-over-year). This positive economic trend reflects the resilience and growth potential of our market. Let's keep the momentum going! ๐Ÿš€๐Ÿ’ช Interested in learning how this affects your real estate opportunities? ๐Ÿก๐Ÿ“ž Contact me today! 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 #EconomicGrowth #GDPIncrease #PositiveTurnaround #Economy2024 #FinancialNews #EconomicRecovery #FutureProsperity #MarketTrends #EconomicMomentum #TheCanadianHome

519 Views

5 months ago

Kingsly Stanly

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Great News! ๐ŸŒŸ๐Ÿ“ˆ The Real Gross Domestic Product (GDP) grew by 0.4% in April (year-over-year). This positive economic trend reflects the resilience and growth potential of our market. Let's keep the momentum going! ๐Ÿš€๐Ÿ’ช Interested in learning how this affects your real estate opportunities? ๐Ÿก๐Ÿ“ž Contact me today! 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 #EconomicGrowth #GDPIncrease #PositiveTurnaround #Economy2024 #FinancialNews #EconomicRecovery #FutureProsperity #MarketTrends #EconomicMomentum #TheCanadianHome

145 Views

5 months ago

MalayalisNearMe Official

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๐Ÿ‘‰London City Council has reinstated free parking in core business districts, offering one hour of free parking in Downtown London, Richmond Row, Midtown, and the Old East Village until December 31. The decision comes after a previous committee recommendation to keep parking at full price was overturned. The program, scaled down from two hours to one, will be limited to on-street parking and two municipal lots in the Old East Village. The $330,000 cost will be covered by the city's Economic Development Reserve Fund, aiming to support economic recovery in these areas.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 . . #LondonOntario #FreeParking #CoreBusinessDistricts #EconomicRecovery #CityCouncil #ParkingIncentive #mnm #malayalisnearmeapp #canadaupdate #canadanews

98 Views

6 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Finance Minister Chrystia Freeland announces a two-year extension on capping alcohol excise tax increases at two percent, instead of the planned 4.7 percent tied to inflation. Additionally, she provides tax relief to local craft breweries by halving the excise duty rate on the first 15,000 hectolitres of beer for two years. Freeland praises Canada's craft brewers, acknowledging their economic significance. The move receives praise from Restaurants Canada, offering financial relief to operators amidst inflation challenges and post-COVID recovery efforts.โœ… . ๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ๐ข๐ง๐ž ๐‰๐จ๐ฒ ๐“๐š๐ฑ ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ @taxesatjoy @augustine.joy_ ๐™Ž๐™ฉ๐™ช๐™™๐™š๐™ฃ๐™ฉ ๐™Ž๐™ช๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ ๐™‰๐™š๐™ฌ๐™˜๐™ค๐™ข๐™š๐™ง๐™จ ๐˜ผ๐™จ๐™จ๐™ž๐™จ๐™ฉ๐™–๐™ฃ๐™˜๐™š ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™๐™–๐™ญ ๐™จ๐™ค๐™ก๐™ช๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐™Ž๐™ข๐™–๐™ก๐™ก ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐˜พ๐™ค๐™ง๐™ฅ๐™ค๐™ง๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐˜ผ๐™ช๐™™๐™ž๐™ฉ๐™ž๐™ฃ๐™œ ๐™๐™š๐™ฅ๐™ง๐™š๐™จ๐™š๐™ฃ๐™ฉ๐™–๐™ฉ๐™ž๐™ค๐™ฃ +๐Ÿ ๐Ÿ‘๐ŸŽ๐Ÿ” ๐Ÿ‘๐Ÿ๐Ÿ‘ ๐Ÿ”๐Ÿ—๐Ÿ–๐Ÿ— ๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ@๐ ๐ฆ๐š๐ข๐ฅ.๐œ๐จ๐ฆ ๐ฐ๐ฐ๐ฐ.๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ.๐œ๐š ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง: ๐€๐ฅ๐ฅ ๐จ๐ฏ๐ž๐ซ ๐‚๐š๐ง๐š๐๐š ๐ž๐ฑ๐œ๐ž๐ฉ๐ญ ๐๐ฎ๐ž๐›๐ž๐œ . . #ChrystiaFreeland #AlcoholTax #CraftBreweries #TaxRelief #RestaurantsCanada #EconomicRecovery #InflationChallenges #mnm #malayalisnearmeapp #canadaupdate #canadanews

91 Views

8 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Ontario's finance minister, Peter Bethlenfalvy, confirms the province's next budget, scheduled for March 26, will not include tax increases. Bethlenfalvy emphasizes the government's commitment to rebuilding the economy without additional tax burdens. Although details are scarce, he assures a focus on affordability for individuals and businesses. Recent projections indicate a $4.5 billion deficit for the fiscal year, significantly higher than earlier forecasts. The financial impact of the courts' ruling on the unconstitutional Bill 124 is also noted, leading to increased spending on public sector compensation. The path to budget balance remains uncertain amid these challenges.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 . . #OntarioBudget #TaxPolicy #EconomicRecovery #AffordabilityFocus #FiscalUpdate #BudgetDeficit #Bill124 #mnm #malayalisnearmeapp #canadaupdate #canadanews

115 Views

8 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Statistics Canada reports a 0.2% growth in the Canadian economy for November, marking the first expansion in six months. A preliminary estimate suggests a 0.3% increase in real gross domestic product for Q4, following a 1.1% decline in Q3, potentially leading to a 1.5% growth for 2023. The economy, impacted by higher borrowing costs, has managed to avoid a recession. November's growth is attributed to gains in goods-producing industries, including manufacturing and wholesale trade, although the education services sector shrank due to strikes in Quebec. The Bank of Canada and private sector economists anticipate continued weak growth in H1 2024, with a rebound expected in H2. Rate cuts are anticipated in the spring to aid economic recovery.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 #EconomicRecovery #GDPGrowth #BankOfCanada #InterestRates #FinancialOutlook #Q4Performance #mnm #malayalisnearmeapp #canadaupdate #canadanews

92 Views

9 months ago

MalayalisNearMe Official

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๐Ÿ‘‰As Canadian businesses confront the deadline for repaying pandemic loans with partial forgiveness, industry leaders warn of imminent closures for struggling companies. Over 900,000 businesses obtained interest-free loans up to $60,000 during COVID-19, with one-third potentially forgiven by the deadline; otherwise, converted to a three-year loan with 5% annual interest. While Prime Minister Justin Trudeau acknowledges the challenges, business groups like CFIB and Restaurants Canada call for an extension, citing the loans as a potential tipping point for many. Despite options for refinancing and government assurances, concerns persist over the impact on small businesses.โœ… . ๐‘๐ž๐š๐ฅ ๐„๐ฌ๐ญ๐š๐ญ๐ž ๐‹๐š๐ฐ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐‹๐š๐ฐ ๐‚๐ซ๐ข๐ฆ๐ข๐ง๐š๐ฅ ๐‹๐š๐ฐ ๐’๐ข๐ฆ๐ฆ๐ข ๐‚๐ก๐š๐œ๐ค๐จ ๐๐ซ๐ข๐ง๐œ๐ข๐ฉ๐š๐ฅ ๐‹๐š๐ฐ๐ฒ๐ž๐ซ, ๐‚๐ก๐š๐œ๐ค๐จ ๐‹๐š๐ฐ ๐Ÿ“ฒ+๐Ÿ ๐Ÿ’๐Ÿ๐Ÿ”-๐Ÿ“๐ŸŽ๐Ÿ—-๐Ÿ—๐Ÿ“๐ŸŽ๐Ÿ– ๐Ÿ“ง๐ฌ๐ข๐ฆ๐ฆ๐ข@๐œ๐ก๐š๐œ๐ค๐จ๐ฅ๐š๐ฐ.๐œ๐š @chackolaw.ca . . #PandemicLoans #BusinessDeadline #FinancialResponsibility #RepaymentDue #BusinessNews #EconomicRecovery #FinancialDeadline #mnm #malayalisnearmeapp #canadaupdate #canadanews

100 Views

10 months ago

MalayalisNearMe Official

Immigration Post

Ontario Seizes PR Opportunity by Doubling Skilled Immigration Intake

๐ŸOntario Seizes PR Opportunity by Doubling Skilled Immigration Intake๐Ÿ โœ…Ontario, Canada's most populous province, has announced a plan to double its annual intake of skilled immigrants. The province's government aims to attract more highly-skilled workers to help support the province's post-pandemic economic recovery. The plan includes increasing the number of immigrants accepted through the Ontario Immigrant Nominee Program (OINP) from 8,000 to 16,000 per year by 2027. The OINP is an immigration program that allows the province to nominate candidates for permanent residency to the federal government based on their qualifications and work experience. The increased intake is expected to benefit Ontario's economy and create more job opportunities for both immigrants and Canadians. . . Source: https://www.cicnews.com/ . . #Ontario #skilledimmigration #economicrecovery #Canada #PRopportunity #immigrationpolicy #OntarioImmigrantNomineeProgram #immigrationupdate #Canada #PNP #Immigrationnews #canadaPR #freeimmigrationupdate #candadianmallu #mnm #malayalisnearmeapp

256 Views

1 year ago

MalayalisNearMe Official

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๐Ÿ‘‰ The Prime Minister's Office has announced that President Joe Biden will be making his first official visit to Canada next month for bilateral talks. The meetings between President Biden and Prime Minister Justin Trudeau will focus on shared priorities such as climate change, border security, and economic recovery. The two leaders are also expected to discuss the ongoing COVID-19 pandemic and vaccine distribution efforts. This visit comes as both countries continue to navigate a changing global landscape, and will provide an opportunity for Canada and the United States to strengthen their long-standing relationship and collaborate on key issues.โœ… . . #CanadaUSRelations #BidenTrudeauMeeting #BilateralTalks #ClimateChange #BorderSecurity #EconomicRecovery #GlobalCollaboration #mnm #malayalisnearmeapp #canadaupdate #canadanews

193 Views

1 year ago

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