👉Despite cooling food inflation, almost two-thirds of Canadians perceive grocery prices worsening, according to a new Leger poll. While Statistics Canada reports grocery inflation at 1.4 percent in April, contributing to an overall inflation rate of 2.7 percent, prices continue to rise. Over the past three years, grocery prices surged by 21.4 percent. Major grocers deny profiting unduly from inflation amid public and political pressure. Meanwhile, Canadian banks prepare to release Q2 results, marked by economic stability. Despite uncertainties over rate cuts and mortgage renewals, low mortgage delinquencies and encouraging economic data signal a relatively steady quarter.✅ . 𝐀𝐮𝐠𝐮𝐬𝐭𝐢𝐧𝐞 𝐉𝐨𝐲 𝐓𝐚𝐱 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 @taxesatjoy @augustine.joy_ 𝙎𝙩𝙪𝙙𝙚𝙣𝙩 𝙎𝙪𝙥𝙥𝙤𝙧𝙩 𝙉𝙚𝙬𝙘𝙤𝙢𝙚𝙧𝙨 𝘼𝙨𝙨𝙞𝙨𝙩𝙖𝙣𝙘𝙚 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙏𝙖𝙭 𝙨𝙤𝙡𝙪𝙩𝙞𝙤𝙣𝙨 𝙎𝙢𝙖𝙡𝙡 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝘾𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙞𝙤𝙣𝙨 𝘼𝙪𝙙𝙞𝙩𝙞𝙣𝙜 𝙍𝙚𝙥𝙧𝙚𝙨𝙚𝙣𝙩𝙖𝙩𝙞𝙤𝙣 +𝟏 𝟑𝟎𝟔 𝟑𝟏𝟑 𝟔𝟗𝟖𝟗 𝐭𝐚𝐱𝐞𝐬𝐚𝐭𝐣𝐨𝐲@𝐠𝐦𝐚𝐢𝐥.𝐜𝐨𝐦 𝐰𝐰𝐰.𝐭𝐚𝐱𝐞𝐬𝐚𝐭𝐣𝐨𝐲.𝐜𝐚 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧: 𝐀𝐥𝐥 𝐨𝐯𝐞𝐫 𝐂𝐚𝐧𝐚𝐝𝐚 𝐞𝐱𝐜𝐞𝐩𝐭 𝐐𝐮𝐞𝐛𝐞𝐜 . . #CanadianEconomy #InflationPerception #GroceryInflation #BankingSector #Q2Results #EconomicStability #MortgageRenewals #mnm #malayalisnearmeapp #canadaupdate #canadanews

In response to the recent drop in inflation, the Bank of Canada has decided to maintain the policy rate at 5% 📉. This change could be advantageous for those with the budget to buy a home 🏡, especially with the winter market slowdown ❄️ Follow me for 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 #BankOfCanada #InterestRates #EconomicUpdate #InflationRate #PolicyRate #CanadianEconomy #HousingMarket #FinancialNews #WinterMarket #Homebuying #EconomicStability #FinanceCanada #MonetaryPolicy #Budgeting #FinancialDecisions

In response to the recent drop in inflation, the Bank of Canada has decided to maintain the policy rate at 5% 📉. This change could be advantageous for those with the budget to buy a home 🏡, especially with the winter market slowdown ❄️ Follow me for 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 #BankOfCanada #InterestRates #EconomicUpdate #InflationRate #PolicyRate #CanadianEconomy #HousingMarket #FinancialNews #WinterMarket #Homebuying #EconomicStability #FinanceCanada #MonetaryPolicy #Budgeting #FinancialDecisions

👉The Royal Bank of Canada's economic update indicates support for the federal government's decision to maintain current immigration levels, asserting that it aligns with immediate goals. However, the report suggests a need for increased immigration in the long term to stabilize the nation's age distribution and sustain economic momentum. Even the existing annual intake of 1.3 percent falls short of achieving the desired age structure stabilization, requiring approximately 2.1 percent, according to the bank. Contrary to the recent trend of escalating targets, the federal government's latest three-year plan maintains consistent immigration goals, with projections of admitting 485,000 newcomers in the coming year, followed by 500,000 in 2025 and 2026. The report underscores this shift, halting the pattern of annual increases that saw Canada's final immigration target rise by 36 percent from 2020 to 2023. The government's response to the ongoing infrastructure crisis, causing housing shortages and escalating real estate prices nationwide, is cited as a contributing factor to this decision.✅ . . #CanadaImmigration #EconomicStability #PopulationBalance #RBCInsights #FutureofImmigration #AgeStructuralStability #InfrastructureCrisis #mnm #malayalisnearmeapp #canadaupdate #canadanews