#statisticscanada

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๐Ÿ‘‰Statistics Canada's Friday report reveals that the Canadian economy gained 37,000 jobs in January, marking a slight decrease in unemployment to 5.7%, the first decline since December 2022. While the overall employment figures surpassed economists' expectations, the positive change was predominantly fueled by an uptick in part-time positions, offsetting the loss of 12,000 full-time jobs. Average hourly wages continued their growth trend, rising by 5.3% compared to the previous year. Employment increases were notable in sectors like wholesale/retail trade and finance, while accommodation and food services experienced the largest decline. Last year, Canada's labor market faced challenges due to high interest rates impacting consumer spending and business investment.โœ… . ๐”๐ง๐ฅ๐จ๐œ๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐Œ๐š๐ง๐จ๐ฃ ๐Š๐š๐ซ๐š๐ญ๐ก๐š, ๐š๐ง ๐š๐ฐ๐š๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐  ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ๐Ÿ๐Ÿ”-๐Ÿ๐Ÿ”๐Ÿ”๐Ÿ“ ๐„๐ฆ๐š๐ข๐ฅ: ๐ฆ๐š๐ง๐จ๐ฃ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @manojkaratha_realtor . . #CanadianEconomy #JobMarket #UnemploymentRate #StatisticsCanada #WageGrowth #EconomicRecovery #LaborMarketAnalysis #mnm #malayalisnearmeapp #canadaupdate #canadanews

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3 months ago

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๐Ÿ‘‰In August, Canada's unemployment rate held firm at 5.5%, with the economy gaining 40,000 jobs, according to Statistics Canada. This report marks the end of a three-month streak of rising joblessness. The federal agency noted that the nation's robust population growth necessitates consistent monthly job growth to maintain the current unemployment rate. Employment increased in professional, scientific, and technical services, as well as construction, while jobs declined in education services and manufacturing. On a positive note, average hourly wage growth remained robust, increasing by 4.9% annually. This data follows the recent decision by the Bank of Canada to keep interest rates unchanged amid signs of economic weakening.โœ… . . #UnemploymentRate #EconomicNews #JobsReport #StatisticsCanada #CanadianEconomy #EmploymentData #LaborMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

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8 months ago

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๐Ÿ‘‰Canada's annual CPI inflation fell to 2.7% in April from 2.9% in March, aligning with market expectations, according to Statistics Canada. Monthly, the CPI rose 0.5%, while core CPI, excluding food and energy, remained unchanged. The Bank of Canada's core CPI increased by 1.6% annually, down from 2% in March. In response, the USD/CAD rose slightly, up 0.1% to 1.3638.โœ… . ๐๐ž๐ฌ๐ญ ๐ˆ๐ง๐๐ข๐š-๐‚๐š๐ง๐š๐๐š ๐Ÿ๐ฅ๐ข๐ ๐ก๐ญ ๐๐ž๐š๐ฅ๐ฌ ๐š๐ฐ๐š๐ข๐ญ! ๐‘๐š๐ก๐ฆ๐š๐ง ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ–๐Ÿ–๐Ÿ—-๐Ÿ๐Ÿ•๐Ÿ•๐Ÿ”, ๐Ÿ—๐ŸŽ๐Ÿ“-๐Ÿ’๐Ÿ๐Ÿ-๐Ÿ๐Ÿ•๐Ÿ–๐Ÿ• ๐ฌ๐š๐ฅ๐ž๐ฌ@๐ซ๐š๐ก๐ฆ๐š๐ง๐ญ๐ซ๐š๐ฏ๐ž๐ฅ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ.๐œ๐จ๐ฆ @rahmantravelservices . . #CanadaInflation #CPI #EconomicUpdate #StatisticsCanada #BankofCanada #USD #CAD #FinancialNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

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2 days ago

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Canada Sees Job Growth in April, Ontario, British Columbia, Quebec, and New Brunswick Lead the Way

โœ…In April, Canada experienced a surge in job growth, particularly in Ontario, British Columbia, Quebec, and New Brunswick, which collectively added 74,800 new jobs. The increase was largely driven by employment gains among core-aged men and women, as well as male youth. Despite this growth, employment among women aged 55 and older decreased. However, the overall employment rate remained steady at 61.4%. Although employment rose in professional, scientific, and technical services, accommodation and food services, and healthcare and social assistance, unemployment rates among visible minorities increased over the past year. Source: www.immigration.ca . ๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ๐ข๐ง๐ž ๐‰๐จ๐ฒ ๐“๐š๐ฑ ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ @taxesatjoy @augustine.joy_ ๐™Ž๐™ฉ๐™ช๐™™๐™š๐™ฃ๐™ฉ ๐™Ž๐™ช๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ ๐™‰๐™š๐™ฌ๐™˜๐™ค๐™ข๐™š๐™ง๐™จ ๐˜ผ๐™จ๐™จ๐™ž๐™จ๐™ฉ๐™–๐™ฃ๐™˜๐™š ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™๐™–๐™ญ ๐™จ๐™ค๐™ก๐™ช๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐™Ž๐™ข๐™–๐™ก๐™ก ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐˜พ๐™ค๐™ง๐™ฅ๐™ค๐™ง๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐˜ผ๐™ช๐™™๐™ž๐™ฉ๐™ž๐™ฃ๐™œ ๐™๐™š๐™ฅ๐™ง๐™š๐™จ๐™š๐™ฃ๐™ฉ๐™–๐™ฉ๐™ž๐™ค๐™ฃ +๐Ÿ ๐Ÿ‘๐ŸŽ๐Ÿ” ๐Ÿ‘๐Ÿ๐Ÿ‘ ๐Ÿ”๐Ÿ—๐Ÿ–๐Ÿ— ๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ@๐ ๐ฆ๐š๐ข๐ฅ.๐œ๐จ๐ฆ ๐ฐ๐ฐ๐ฐ.๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ.๐œ๐š ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง: ๐€๐ฅ๐ฅ ๐จ๐ฏ๐ž๐ซ ๐‚๐š๐ง๐š๐๐š ๐ž๐ฑ๐œ๐ž๐ฉ๐ญ ๐๐ฎ๐ž๐›๐ž๐œ . . #CanadaJobs #EmploymentGrowth #LabourMarket #StatisticsCanada #mnm #malayalisnearmeapp #MalayalisNearMe #ImmigrationUpdate #ImmigrationNews #CanadaImmigration

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1 week ago

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๐Ÿ‘‰According to a new report from Statistics Canada, Alberta was one of Canada's leading economic contributors in 2023, despite a national growth slowdown. While Canada's real GDP growth dropped to 1.2%, down from 3.6% in 2022, Alberta's economy expanded by 1.5%, following a 5.1% growth in 2022. Alberta ranked third in economic contributions, behind Ontario and B.C. The province's growth was mainly driven by mining, quarrying, and oil gas extraction, which accounted for 46% of the momentum. However, the construction sector's slower growth and a 14.1% decrease in crop yields were hindrances to Alberta's overall economic performance.โœ… . ๐”๐ง๐ฅ๐จ๐œ๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐Œ๐š๐ง๐จ๐ฃ ๐Š๐š๐ซ๐š๐ญ๐ก๐š, ๐š๐ง ๐š๐ฐ๐š๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐  ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ๐Ÿ๐Ÿ”-๐Ÿ๐Ÿ”๐Ÿ”๐Ÿ“ ๐„๐ฆ๐š๐ข๐ฅ: ๐ฆ๐š๐ง๐จ๐ฃ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @manojkaratha_realtor . . #AlbertaEconomy #EconomicGrowth #StatisticsCanada #GDP #Mining #OilAndGas #Construction #mnm #malayalisnearmeapp #canadaupdate #canadanews

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2 weeks ago

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๐Ÿ‘‰Statistics Canada reports that Canada's job vacancies increased in February, with the most acute labour shortages in British Columbia and Saskatchewan. British Columbia holds the highest job vacancy rate in Canada at 4.3%, followed by Saskatchewan at 4%. Prince Edward Island and Newfoundland and Labrador have the lowest vacancy rates at 4% and 3% respectively. Overall, job vacancies in Canada rose to 656,700 in February, a 3.4% increase from January. However, employment declined in seven out of 10 sectors, with accommodation and food services, manufacturing, and retail trade being the hardest hit.โœ… . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #CanadaJobs #LabourMarket #JobVacancies #BritishColumbia #StatisticsCanada #EmploymentTrends #Saskatchewan #EconomicIndicators #mnm #malayalisnearmeapp #canadaupdate #canadanews

74 Views

3 weeks ago

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๐Ÿ‘‰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.โœ… . ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐๐ž๐ž๐ง๐š ๐•๐š๐ซ๐ ๐ก๐ž๐ฌ๐ž, ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ’๐Ÿ‘๐Ÿ•) ๐Ÿ—๐Ÿ–๐Ÿ-๐ŸŽ๐Ÿ–๐ŸŽ๐Ÿ’ @neena.robin . . #Canada #GDP #EconomicGrowth #BankofCanada #InterestRates #EconomicIndicators #StatisticsCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

70 Views

3 weeks ago

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๐Ÿ‘‰Canada's unemployment rate climbed to 6.1% in March, with job growth halting, according to Statistics Canada. This marks the largest increase since summer 2022. The labour force survey indicates minimal change in employment, with a loss of 2,200 jobs. Rising interest rates and strong population growth contribute to the economic strain. Youth employment is notably affected, with a decline of 28,000 jobs and a 12.6% unemployment rate among 15 to 24-year-olds. Major job losses were seen in accommodation and food services, while health care and social assistance sectors saw increases. Despite this, average hourly wages rose by 5.1% annually. The Bank of Canada's upcoming interest rate decision is highly anticipated amidst these economic indicators.โœ… . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #CanadaUnemployment #JobGrowth #StatisticsCanada #EconomicData #YouthEmployment #InterestRates #BankofCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

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1 month ago

MalayalisNearMe Official

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๐Ÿ‘‰In 2023, nearly 70,000 people departed British Columbia, with the majority relocating to Alberta, as per Statistics Canada. This marks the first time in over a decade that more individuals left B.C. than arrived. The net interprovincial migration was negative, totaling -8,624 people. Many cited the high cost of living as a primary reason for leaving, including Kolten Willick, a fourth-generation British Columbian who moved from Kelowna to Edmonton for affordability reasons. Despite emotional ties to B.C., Willick found better housing and financial prospects in Alberta, a decision he stands by.โœ… . ๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ๐ข๐ง๐ž ๐‰๐จ๐ฒ ๐“๐š๐ฑ ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง๐š๐ฅ @taxesatjoy @augustine.joy_ ๐™Ž๐™ฉ๐™ช๐™™๐™š๐™ฃ๐™ฉ ๐™Ž๐™ช๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ ๐™‰๐™š๐™ฌ๐™˜๐™ค๐™ข๐™š๐™ง๐™จ ๐˜ผ๐™จ๐™จ๐™ž๐™จ๐™ฉ๐™–๐™ฃ๐™˜๐™š ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™๐™–๐™ญ ๐™จ๐™ค๐™ก๐™ช๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐™Ž๐™ข๐™–๐™ก๐™ก ๐˜ฝ๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐˜พ๐™ค๐™ง๐™ฅ๐™ค๐™ง๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™จ ๐˜ผ๐™ช๐™™๐™ž๐™ฉ๐™ž๐™ฃ๐™œ ๐™๐™š๐™ฅ๐™ง๐™š๐™จ๐™š๐™ฃ๐™ฉ๐™–๐™ฉ๐™ž๐™ค๐™ฃ +๐Ÿ ๐Ÿ‘๐ŸŽ๐Ÿ” ๐Ÿ‘๐Ÿ๐Ÿ‘ ๐Ÿ”๐Ÿ—๐Ÿ–๐Ÿ— ๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ@๐ ๐ฆ๐š๐ข๐ฅ.๐œ๐จ๐ฆ ๐ฐ๐ฐ๐ฐ.๐ญ๐š๐ฑ๐ž๐ฌ๐š๐ญ๐ฃ๐จ๐ฒ.๐œ๐š ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง: ๐€๐ฅ๐ฅ ๐จ๐ฏ๐ž๐ซ ๐‚๐š๐ง๐š๐๐š ๐ž๐ฑ๐œ๐ž๐ฉ๐ญ ๐๐ฎ๐ž๐›๐ž๐œ . . #BCExodus #AlbertaMigration #CostOfLiving #InterprovincialMigration #StatisticsCanada #AffordabilityIssues #HousingMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

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1 month ago

MalayalisNearMe Official

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๐Ÿ‘‰Alberta witnessed the highest inflation rate among Canadian provinces in February, with a notable increase driven by a rise in natural gas prices. Statistics Canada reported a 4.2% Consumer Price Index for the province. Calgary experienced the highest price growth among major cities at 5.1%, followed by Edmonton at 4.2%. Quebec had the next-highest provincial inflation rate at 3.3%, while Manitoba saw the smallest increase at 0.9%. Nationally, the average inflation rate was 2.8%, with declines noted in categories such as wireless services (-26.5%) and internet rates (-13.2%). Grocery costs rose by 2.4%, marking a slower increase compared to overall inflation rates since October 2021.โœ… . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #InflationRate #AlbertaEconomy #CalgaryGrowth #StatisticsCanada #ConsumerPriceIndex #GroceryPrices #EconomicTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews

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2 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Statistics Canada reveals a decline in telecommunication costs contributing to a drop in the national inflation rate last month. Consumers experienced a significant reduction in cellphone plan prices, with a 26.5% decrease compared to the previous year. This trend follows a 16.4% decline in January. Lower prices for new plans and increased data allowances were cited as driving factors. Additionally, internet access prices saw a notable 13.2% year-over-year decrease and a 9.4% month-over-month drop due to special provider offers. The latest consumer price index report highlights these decreases, showing an overall annual inflation rate of 2.8% in Canada.โœ… . ๐๐ž๐ฌ๐ญ ๐ˆ๐ง๐๐ข๐š-๐‚๐š๐ง๐š๐๐š ๐Ÿ๐ฅ๐ข๐ ๐ก๐ญ ๐๐ž๐š๐ฅ๐ฌ ๐š๐ฐ๐š๐ข๐ญ! ๐‘๐š๐ก๐ฆ๐š๐ง ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ–๐Ÿ–๐Ÿ—-๐Ÿ๐Ÿ•๐Ÿ•๐Ÿ”, ๐Ÿ—๐ŸŽ๐Ÿ“-๐Ÿ’๐Ÿ๐Ÿ-๐Ÿ๐Ÿ•๐Ÿ–๐Ÿ• ๐ฌ๐š๐ฅ๐ž๐ฌ@๐ซ๐š๐ก๐ฆ๐š๐ง๐ญ๐ซ๐š๐ฏ๐ž๐ฅ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ.๐œ๐จ๐ฆ @rahmantravelservices . . #TelecomPrices #InflationRate #StatisticsCanada #CellphonePlans #InternetAccess #ConsumerPriceIndex #HouseOfCommon #mnm #malayalisnearmeapp #canadaupdate #canadanews

96 Views

2 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Canada's annual inflation rate dropped unexpectedly to 2.8% in February, as cellular and internet service prices declined sharply, and grocery price growth slowed. Statistics Canada's consumer price index report reveals a second consecutive month of softened price growth. Economists anticipated a rise above January's 2.9%, partly due to increased gasoline prices. Wireless service prices fell by 26.5%, while internet prices dropped by 13.2% compared to a year ago. Despite slower grocery price growth, food prices still rose by 2.4%. Housing costs contributed to inflation, with mortgage interest up 26.3% and rent up 8.2% annually. The Bank of Canada sees this report as positive evidence but awaits sustained inflation at the 2% target before considering interest rate cuts, expected to begin in June.โœ… . ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐๐ž๐ž๐ง๐š ๐•๐š๐ซ๐ ๐ก๐ž๐ฌ๐ž, ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ’๐Ÿ‘๐Ÿ•) ๐Ÿ—๐Ÿ–๐Ÿ-๐ŸŽ๐Ÿ–๐ŸŽ๐Ÿ’ @neena.robin . . #InflationRate #EconomicNews #StatisticsCanada #ConsumerPriceIndex #BankofCanada #InterestRates #PriceGrowth #GroceryPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews

86 Views

2 months ago

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