Inflation is cooling, why prices are not going down
With the annual rate at seven percent in August, down from the four-decade high since June as reported by Statistics Canada this week the pace of inflation is cooling. But in …
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Canada sees higher-than-expected inflation, Bank of Canada raises key interest rate by 1 percent
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 Cost of living to be balanced with fiscal restraint, Chrystia Freeland says
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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Canada’s inflation rate spikes to a near 40-year high
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 to outline risks in financial system amid soaring inflation
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 …
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Canada’s annual inflation rate jumps to a new 31-year high of 6.7 pct in March
Ottawa/CMEDIA: The rise in Canada’s inflation rate to 6.7 percent in March, exceeded economists’ expectations with a full percentage point higher than February’s already 30-year high, Statistics Canada reported Wednesday. There was …
Read More Bank of Canada moved to raise the key interest rate to 1 percent due to Canada’s skyrocketing inflation
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 …
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