👉Gas prices across the GTA will likely surpass the $2 a litre mark sometime next month as Russia’s decision to attack Ukraine and the resulting economic sanctions it will face as a result puts pressure on the cost of oil, warns one industry analyst.✅ . . . #gasprice #fuel #economy #oilprice #fuelcost

📣 Have you heard the news? The Bank of Canada just concluded its policy rate announcement. 📈🏦 If you haven’t caught up yet, don’t worry! We’re here to break it down for you and discuss the possible impact on the future Canadian real estate market. 🏠📉 Watch the video now to stay informed and ahead of the curve. Don’t miss out! 🎥📊 Follow for more Canadian Housing Market updates! 📊 Manoj Karatha Broker of Record 📞 +1 (647) 226 2665 📧 manoj@thecanadianhome.com Also, Download The Canadian Home App now for home listings!📱 #BankOfCanada #PolicyRate #RealEstate #Canada #StayInformed #MarketImpact #Economy #Finance

👉On Wednesday, the Bank of Canada reduced its key interest rate by 0.25 percentage points to 4.75%, marking the first rate cut since the central bank's tightening cycle began in March 2022. This move aligns with most economists' expectations tracked by Bloomberg. April's core inflation rate fell to 2.7%, according to Statistics Canada. The overnight lending rate had been at five percent since July last year.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #BankOfCanada #InterestRate #Economy #Inflation #FinanceNews #RateCut #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada has reported that Canada's annual inflation rate decelerated to 3.8% in September, offering a respite following the recent surge. After hitting four per cent in August, the latest data reveals a slower year-over-year increase in prices across the economy. Notable factors contributing to this shift include reduced airfare costs and a decline in prices for durable goods. While grocery prices continued to rise, the pace of growth slowed to 5.8% in September, down from 6.9% in August. In contrast, higher gasoline prices added pressure to inflation, with a 7.5% increase compared to September 2022. This data arrives just ahead of the Bank of Canada's forthcoming interest rate announcement and updated inflation forecast, as economic observers keenly monitor the nation's economic trends.✅ . . #Canada #InflationRate #Economy #SeptemberInflation #Business #EconomicData #ConsumerPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉According to Statistics Canada's report on Tuesday, Canada's inflation rate reduced to 4.3 per cent in March, which was in line with economists' expectations and lower than the previous month's rate of 5.2 per cent. Additionally, the report noted a slowdown in the increase of food prices, which have been rising at their highest rate in several decades. The report stated that the price of food purchased from stores increased by 9.7 per cent in the year leading up to March, with most of the deceleration attributable to lower prices for fresh fruits and vegetables, compared to a 10.6 per cent pace in the year leading up to February.✅ . . #Canada #inflation #economy #StatisticsCanada #price #foodprices #freshfruits #mnm #malayalisnearmeapp #canadaupdate #canadanews