👉The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday in its latest move to rein in high inflation. The bank's rate impacts Canadian businesses and consumers by influencing the rate they pay and receive on things like mortgages, GICs and savings accounts.✅ . Follow on the Malayalis Near Me social media app! 🌐 . . #bankofcanada #interestrates #hikeininterestrate #hike #dailynews #dailynewscanada #malayalisnearmeapp #bankrate #mortgage #canadianmalayalis #mnm

👉Paraphrased Content: The Bank of Canada has decided to keep its key interest rate steady at 5%, marking the third consecutive decision, citing indications that the economy is no longer in excess demand. The statement suggests a cautious approach, with concerns about inflation risks, though without explicit mention of an increase. Higher rates are acknowledged for their impact on spending and a gradual easing in the labor market.✅ . . #BoC #InterestRates #EconomicUpdate #InflationConcerns #MonetaryPolicy #CanadaEconomy #BankOfCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

Big News for Homebuyers! 🏡📢 The Bank of Canada just cut its policy rate to 3.75%, the lowest in two years! 📉 This means lower monthly mortgage payments and increased borrowing power. 💸 But home prices are rising fast—Toronto has seen a 22% jump since the last rate cut. 📈 Don’t wait—act now. 🔑⏳ Follow me for more updates! #HomeBuyingTips #InterestRates #MortgageRates #TorontoRealEstate #BuyNow #HousingMarket #RealEstateCanada #FirstTimeHomeBuyer #TheCanadianHome

👉Canada's inflation rate cooled to 2% in August, the lowest since February 2021, as reported by Statistics Canada. Monthly consumer prices fell by 0.2%, driven by decreases in gasoline, telephone services, and clothing prices. However, shelter costs, including rent, rose by 8.9%. The Canadian dollar weakened slightly following the news. The Bank of Canada, having reduced its key rate by 75 basis points since June, is expected to continue rate cuts. Analysts predict further drops in inflation to 2.4% next year, aiming for the central bank's target range of 1-3% by 2026.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaEconomy #InflationUpdate #CPIReport #BankOfCanada #GasPrices #RentCosts #InterestRates #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's unemployment rate rose to 6.6% in August, marking the highest level in over seven years, excluding the pandemic. While 22,100 jobs were added, the gains were limited to part-time positions. Analysts had anticipated a 6.5% jobless rate and 25,000 new jobs. Rising interest rates and sluggish GDP growth are driving concerns of a recession, as unemployment has increased by 1.6% since January 2023. Youth unemployment has surged, reaching its highest level in eight years. The Bank of Canada has cut rates, but further reductions may follow if economic conditions worsen.✅ . 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐞- 𝐀𝐭 𝐚 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐩𝐥𝐚𝐜𝐞 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮! 𝐉𝐨𝐦 𝐌𝐚𝐭𝐭𝐚𝐦 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 +𝟏 𝟔𝟒𝟕 𝟗𝟐𝟎 𝟔𝟓𝟑𝟎 𝐣𝐨𝐦.𝐦𝐚𝐭𝐭𝐚𝐦@𝐜𝐢𝐛𝐜.𝐜𝐨𝐦 @jom_mattam . . #CanadaJobs #UnemploymentRate #EconomyUpdate #JobMarket #YouthUnemployment #BoC #InterestRates #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The Bank of Canada has implemented its third consecutive interest rate cut, reducing the key rate from 4.5% to 4.25%. This decision, anticipated by forecasters, comes as inflation continues to slow, prompting the central bank to ease its monetary policy. High interest rates earlier this year contributed to reducing inflation to 2.5% in July. Despite stronger-than-expected economic growth in the second quarter, with a 2.1% annualized increase, real GDP per capita shrank for the fifth consecutive quarter. Governor Tiff Macklem has indicated that further rate cuts are possible if inflation continues to decline.✅ . 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐞- 𝐀𝐭 𝐚 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐩𝐥𝐚𝐜𝐞 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮! 𝐉𝐨𝐦 𝐌𝐚𝐭𝐭𝐚𝐦 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 +𝟏 𝟔𝟒𝟕 𝟗𝟐𝟎 𝟔𝟓𝟑𝟎 𝐣𝐨𝐦.𝐦𝐚𝐭𝐭𝐚𝐦@𝐜𝐢𝐛𝐜.𝐜𝐨𝐦 @jom_mattam . . #InterestRates #BankOfCanada #Inflation #EconomicUpdate #RateCut #CanadaEconomy #GDP #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's economy grew at an annualized rate of 2.1% in the second quarter, surpassing expectations, but growth per person declined for the fifth consecutive quarter. Statistics Canada's report highlighted gains in government spending, business investment, and household services, while exports, residential construction, and goods spending fell. Economic momentum weakened in June and likely remained flat in July. The Bank of Canada may reduce interest rates to 4.25% amid signs of economic fragility. Unemployment rose to 6.4% in July, with youth and recent immigrants hit hardest. Per-capita household spending dropped by 0.4% due to high interest rates and strong population growth.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadianEconomy #GDPGrowth #InterestRates #Unemployment #HouseholdSpending #BoC #EconomicOutlook #mnm #malayalisnearmeapp #canadaupdate #canadanews

✅The Alberta Advantage Immigration Program (AAIP) is now accepting open work permits issued by Immigration, Refugees, and Citizenship Canada (IRCC) for those impacted by the province's wildfires. This measure, effective from July 19 to November 30, 2024, aids workers unable to stay with their current employers due to the wildfires. These permits are valid in the Alberta Opportunity and Tourism and Hospitality Streams, which usually require specific work permits. While other streams like Rural Renewal and Express Entry do not require work permits, all other criteria must still be met. Alberta continues to prioritize supporting wildfire victims through these temporary measures. . Source: www.immigration.ca . . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaEconomy #Inflation #InterestRates #BankOfCanada #EconomicGrowth #FinanceNews #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's inflation rate dropped to 2.5% in July, the lowest in 40 months, aligning with predictions and easing core inflation metrics. This decline strengthens expectations that the Bank of Canada will continue cutting interest rates, with another 25 basis point reduction anticipated on September 4. Analysts foresee up to three more cuts by year-end, potentially lowering the benchmark rate to 3.75%. The central bank has already reduced rates twice, shifting focus from solely curbing inflation to also stimulating economic growth. This marks the closest inflation has come to the Bank's 2% target since March 2021.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaEconomy #Inflation #InterestRates #BankOfCanada #EconomicGrowth #FinanceNews #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The Bank of Canada (BoC) cut its policy rate by 25 bps to 4.50% and downgraded its 2024 growth forecast to 1.2%, citing reduced consumption in motor vehicles and foreign travel. Governor Tiff Macklem highlighted the shift in household spending towards debt payments. The BoC expects overall inflation to dip below core inflation in H2 2024, with stabilization at 2% in H2 2025. Despite the rate cut, monetary policy remains restrictive. The economy grew by an annualized 1.7% in Q1 2024, falling short of the previous 2.8% projection.✅ . 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐞- 𝐀𝐭 𝐚 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐩𝐥𝐚𝐜𝐞 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮! 𝐉𝐨𝐦 𝐌𝐚𝐭𝐭𝐚𝐦 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 +𝟏 𝟔𝟒𝟕 𝟗𝟐𝟎 𝟔𝟓𝟑𝟎 𝐣𝐨𝐦.𝐦𝐚𝐭𝐭𝐚𝐦@𝐜𝐢𝐛𝐜.𝐜𝐨𝐦 @jom_mattam . . #BoC #InterestRates #Economy #Inflation #MonetaryPolicy #CanadaEconomy #TiffMacklem #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉RBC economist Carrie Freestone predicts that the Bank of Canada (BoC) will cut rates more aggressively than the U.S. Federal Reserve, with a total of two percentage points in cuts by the third quarter of 2025, compared to just 75 basis points by the Fed. This forecast follows expectations of a widening interest rate differential. According to Freestone, these rate cuts will likely result in double-digit home price gains. She emphasizes the importance of this divergence in central bank policy and its implications for the Canadian economy.✅ . 𝐓𝐨𝐲𝐨𝐭𝐚 & 𝐇𝐨𝐧𝐝𝐚 𝐍𝐞𝐰 𝐚𝐧𝐝 𝐔𝐬𝐞𝐝 𝐯𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐅𝐫𝐞𝐞 𝐠𝐚𝐬 𝐜𝐚𝐫𝐝 𝐰𝐢𝐭𝐡 𝐞𝐯𝐞𝐫𝐲 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐌𝐚𝐧𝐨𝐣 𝐉𝐨𝐬𝐞𝐩𝐡 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭 𝐒𝐚𝐥𝐞𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐫 +𝟏 (𝟔𝟒𝟕) 𝟖𝟗𝟒-𝟎𝟕𝟔𝟏 𝐦𝐚𝐧𝐨𝐣.𝐦𝐮𝐤𝐤𝐮𝐧𝐝𝐚𝐧@𝐨𝐩𝐞𝐧𝐫𝐨𝐚𝐝𝐭𝐨𝐲𝐨𝐭𝐚.𝐜𝐚 𝐰𝐰𝐰.𝐛𝐫𝐚𝐦𝐩𝐭𝐨𝐧𝐞𝐚𝐬𝐭𝐭𝐨𝐲𝐨𝐭𝐚.𝐜𝐚 𝟐 𝐌𝐚𝐫𝐢𝐭𝐢𝐦𝐞 𝐎𝐧𝐭𝐚𝐫𝐢𝐨 𝐁𝐥𝐯𝐝, 𝐁𝐫𝐚𝐦𝐩𝐭𝐨𝐧, 𝐎𝐍 𝐋𝟔𝐬 𝟎𝐂𝟐 @mukkadan.joseph . . #RBC #BankofCanada #InterestRates #EconomicForecast #HomePrices #FederalReserve #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada reported a 0.2% growth in Canada's GDP for February, primarily attributed to a rebound in transportation and warehousing, marking the largest month-to-month rise in over a year. Despite fears of recession, Canada has managed to maintain economic stability, aided by strong population growth. However, consumer demand and business investment have been slowed by high interest rates. Although the economy grew at a one per cent annualized rate in the fourth quarter, it shrank on a per capita basis. The Bank of Canada will closely monitor these growth figures to determine the appropriate timing for interest rate adjustments.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #Canada #GDP #EconomicGrowth #BankofCanada #InterestRates #EconomicIndicators #StatisticsCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews