👉Canada's annual inflation rate slowed down in January, providing good news for the Bank of Canada (BOC) in their efforts to stabilize the economy. The decrease in inflation, attributed to lower gasoline prices, is expected to alleviate pressure on the central bank to increase interest rates. This development is a positive sign for the country's economic recovery efforts, particularly as the BOC works to manage the impacts of the ongoing COVID-19 pandemic.✅ . . #canadainflation #inflationcanada #bankofcanada #BOC #inflation #livingexpensecanada #canadainflation #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The Bank of Canada raised interest rates aggressively for a sixth straight time, while opening the door to pausing its hiking cycle. Policymakers led by Governor Tiff Macklem raised the benchmark overnight lending rate by 50 basis points to 4.25% on Wednesday, the highest since the beginning of 2008.✅ . . #bankofcanada #canadabank #bankofcanadainterestrate #interesttrateofcanadabank #interestrate #livingexpensecanada #bankinterestincanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Drivers in the Greater Toronto Area (GTA) and across southern Ontario can expect more relief at the gas pumps this week. The price of fuel in the region is expected to drop three cents by Wednesday to 140.9 cents per litre, which would tie for the lowest price of the year, as analysed by analysts and Canadians for Affordable Energy president Dan McTeague. The last time gas prices in the GTA were that low was January 2.✅ . . #canadagasprice #gaspriceincanada #gaspriceinontario #Ontariogasprice #GTAgasprice #livingexpensecanada #gasexpensecanada #mnm #malayalisnearmeapp #canadaupdate #canadanews