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Tag: Canada Inflation

Finance/Business

Canada sees higher-than-expected inflation, Bank of Canada raises key interest rate by 1 percent

July 13, 2022July 13, 2022 - by cmedia

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 …

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Canada / Politics

Cost of living to be balanced with fiscal restraint, Chrystia Freeland says

June 26, 2022June 26, 2022 - by cmedia

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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Finance/Business

Canada’s inflation rate spikes to a near 40-year high

June 23, 2022June 23, 2022 - by cmedia

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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Canada / Finance/Business

Bank of Canada to outline risks in financial system amid soaring inflation

June 9, 2022June 9, 2022 - by cmedia

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/US / Finance/Business

Canada’s annual inflation rate jumps to a new 31-year high of 6.7 pct in March

April 20, 2022April 20, 2022 - by cmedia

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 …

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Canada/US / Finance/Business

Bank of Canada moved to raise the key interest rate to 1 percent due to Canada’s skyrocketing inflation

April 14, 2022April 14, 2022 - by cmedia

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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