👉The Bank of Canada is expected to raise its benchmark interest rate by half a percent point on Wednesday, a move to control inflation, running at its highest level in decades. The current inflation rate for necessities is two to three times higher than what the bank likes to see. While low interest rates aren't the only factor driving up inflation, the central bank is feeling the pressure to move swiftly to cool things down.✅ . . #bankofcanada #interestrate #interestrateofbankofcanada #inflation #inflationcontrol #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp

👉Gas prices have increased by several cents in most parts of the country as fuel supply remains tight. Canadians in most parts of the country are waking up to higher gas prices today, with prices either above $2 a litre or creeping close to that benchmark. ✅ . . #stockmarket #thursday #inflation #torontostockexchange #inflationrate #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp

👉The Bank of Canada raised its benchmark interest rate to 0.5 per cent on Wednesday, a move that's expected to be the first of a series of small rate hikes this year in an attempt to tame inflation that has risen to its highest point in decades. It's the first time the bank has raised its rate since 2018. Before the pandemic, the bank's rate was 1.75 per cent, before it quickly slashed the rate down to 0.25 per cent to help the economy. The Bank of Canada's rate affects the rates that Canadian consumers get on things like mortgages, lines of credit and savings accounts at their own banks. While the bank has been telegraphing its plans to raise its rate to fight inflation for a while now, the bank acknowledged in its announcement Wednesday that inflation is heating up even faster than anticipated.✅ . . #bankofcanada #interestrate #dailynews #malayalisnearme #inflation

👉After New Zealand's central bank aggressively increased interest rates to a 14-year high, the country's economy entered a recession. Official data indicate that during the first three months of the year, its GDP decreased by 0.1 percent. The economy is in a "technical recession" as a result of that, which came after a contraction of 0.7% in the preceding quarter. Since October 2021, the Reserve Bank of New Zealand (RBNZ) has significantly increased borrowing costs. One of the first nations to begin raising interest rates following the pandemic, New Zealand has moved ahead of the US Federal Reserve. The RBNZ raised its main interest rate to 5.5% last month. In New Zealand, where prices were already rising, higher interest rates are now having an effect on mortgage repayments and other loan costs. David Jordan, a web engineer with a home in Auckland, told the BBC that interest rates are "catastrophic." He continued, "I have seen many job losses in my industry as start-ups attempt to save money, but consultancies working with big global firms appear to be doing better." In an effort to contain price increases triggered by economies opening up following the Covid lockdowns, central banks around the world increased the cost of borrowing. The war in Ukraine also contributed to an increase in inflation because of the rising cost of everything from fuel to food.✅ . . #NewZealandEconomy #InterestRateHike #Recession #GDPDecline #CentralBankPolicy #Inflation #MortgageRepayments #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Stock market around the world fell on Thursday as investors faced the results of high inflation, and much higher borrowing costs to fight it. The Toronto Stock Exchange main index closed around 20,700, down by almost 500 points or 2.3% with every sector on the benchmark Canadian stock market lower on the day. ✅ . . #stockmarket #thursday #inflation #torontostockexchange #inflationrate #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp

👉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

👉Canada's average hourly wage has reached $34.95 as the economy added 90,400 jobs in April, five times more than forecasted. Despite predictions, the unemployment rate remained at 6.1%. The unexpected job surge, largest since January 2023, was primarily in the services-producing industries. The Bank of Canada (BoC) may reconsider a rate cut, as money markets now anticipate a cut in September, down from previous forecasts. The Canadian dollar strengthened against the U.S. dollar. Average hourly wage growth for permanent employees slowed to 4.8%, the slowest since June, indicating the economy aligning with BoC projections.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaEconomy #JobsReport #UnemploymentRate #BankofCanada #WageGrowth #Inflation #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

👉Deloitte Canada predicts Canada will likely sidestep a recession despite ongoing economic challenges such as inflation and rising mortgage delinquencies. The economy is expected to remain stagnant in the first half of 2024 but recover in the latter half. Bank of Canada's interest rate cuts are anticipated to combat inflation. GDP growth is projected at one percent in 2024, rising to 2.9 percent in 2025. However, business investment faces a decline due to high interest rates eroding confidence. While the U.S. economy is stronger, it's also set for rate cuts later in the year.✅ . . 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐋𝐚𝐰 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐚𝐰 𝐂𝐫𝐢𝐦𝐢𝐧𝐚𝐥 𝐋𝐚𝐰 𝐒𝐢𝐦𝐦𝐢 𝐂𝐡𝐚𝐜𝐤𝐨 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐚𝐥 𝐋𝐚𝐰𝐲𝐞𝐫, 𝐂𝐡𝐚𝐜𝐤𝐨 𝐋𝐚𝐰 📲+𝟏 𝟒𝟏𝟔-𝟓𝟎𝟗-𝟗𝟓𝟎𝟖 📧𝐬𝐢𝐦𝐦𝐢@𝐜𝐡𝐚𝐜𝐤𝐨𝐥𝐚𝐰.𝐜𝐚 @chackolaw.ca . . #CanadaEconomy #EconomicOutlook #RecessionAvoidance #GDPGrowth #InterestRates #Inflation #BankOfCanada #DeloitteCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada reports a 1% annualized growth for the Canadian economy in Q4, following a 0.5% decline in Q3. Despite grappling with high interest rates, the economy avoided a recession, driven by export growth. Housing and business investment fell, and December saw flat real GDP due to industry contractions and a public sector strike in Quebec. BMO chief economist Douglas Porter notes anemic growth, especially in per capita terms. Household financial strain persists, impacting consumer spending and business sales. The Bank of Canada considers a rate cut amid easing inflation. Economists predict a potential cut in mid-2024.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #CanadianEconomy #GDPGrowth #InterestRates #BankofCanada #Inflation #EconomicOutlook #FinanceNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

💰 Economic Alert: Inflation on the Rise! 🚀 According to Statistics Canada's latest report, Canada's inflation rate surged to 3.4% in December. Factors such as ⛽ gas prices, ✈️ airfares, 🚗 vehicles, and 🏠 rent have contributed to this increase. Notably, food prices saw a significant spike of 4.7%! 📈🍲 🏘️ How do you think this will impact the real estate landscape? Share your thoughts below! ⬇️ Follow me for more updates!📢 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 #EconomicAlert #InflationRising #Inflation #StatsCanada #CanadianEconomy #RealEstate #ImpactOnRealEstate #HousingMarket #CanadianInflation #TheCanadianHome

💰 Economic Alert: Inflation on the Rise! 🚀 According to Statistics Canada's latest report, Canada's inflation rate surged to 3.4% in December. Factors such as ⛽ gas prices, ✈️ airfares, 🚗 vehicles, and 🏠 rent have contributed to this increase. Notably, food prices saw a significant spike of 4.7%! 📈🍲 🏘️ How do you think this will impact the real estate landscape? Share your thoughts below! ⬇️ Follow me for more updates!📢 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 #EconomicAlert #InflationRising #Inflation #StatsCanada #CanadianEconomy #RealEstate #ImpactOnRealEstate #HousingMarket #CanadianInflation #TheCanadianHome