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Representative image of Canada’s rising inflation. Image credit: Pixaby Ottawa/CMEDIA: Canada’s reportedly higher-than-expected inflation led the Bank of Canada to hike its overnight interest rate by 100 basis points to …
Read More Chrystia Freeland, Canada’s Finance Minister reportedly said that in order to avoid the cost of living problem worse, there is a need to strike a balance between helping Canadians suffering …
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Representative image of Canada’s rising inflation. Image credit: Pixaby Ottawa/CMEDIA: With increase in Canadian consumer prices in May at rates not seen since January 1983, Canada’s annual inflation rate accelerated …
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Bank of Canada. Image credit: Wikimedia Commons Ottawa/CMEDIA: Bank of Canada has reported high household debt and elevated housing prices have posed increased risks to the Canadian financial system, These …
Read More Ottawa/CMEDIA: The Bank of Canada raising its benchmark interest rate by half a percentage point to 1.5 percent on Wednesday was widely expected as inflation had hit 6.8 percent in …
Read More CMEDIA/The Bank of Canada raised its key interest rate to one percent on Apr 14, the highest rate increase in more than 20 years, with a warning that rate increases could …
Read More Ottawa/CMEDIA: The Bank of Canada’s benchmark interest rate soared to 0.5 percent on Wednesday, for the first time since 2018. The bank’s rate before the pandemic was 1.75 percent, and …
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Toronto/CMEDIA: The Canadian economical growth at an annual rate of 6.7 percent in the fourth quarter was faster than the Bank of Canada anticipated which ensured an interest-rate hike when …
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