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Tag: Inflation

Finance/Business / Foreign

Bank of England hikes interest rate by 50 bps to 4 pc; warns of more hikes in future

February 2, 2023February 2, 2023 - by cmedia

London/IBNS: Bank of England raised interest rate by 50 basis points to 4 percent, the 10th increase since UK’s central bank started hiking in December 2021, bringing the key rate …

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Finance/Business / South Asia

Pakistan’s inflation spikes to a record high figure of 27.6 pct

February 1, 2023February 1, 2023 - by cmedia

Islamabad/IBNS: Pakistan’s annual inflation, measured by the Consumer Price Index (CPI), spiked to a decades-high level of 27.55 per cent in January, compared to 24.5pc in the previous month, media …

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Canada / Finance/Business

Bank of Canada increases policy interest rate by 25 basis points

January 26, 2023January 26, 2023 - by cmedia

Ottawa/CMEDIA: Benchmark interest rate has been raised by the Bank of Canada by 25 basis points to 4.5 percent. It is expected that the bank’s governing council would reportedly hold …

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Finance/Business

Cost of government is driving up cost of living: Pierre Poilievre

September 12, 2022September 12, 2022 - by cmedia

Conservative Leader Pierre Poilievre said Monday reportedly in his first speech to caucus since winning the party’s top job, that his focus will be on holding the government to account …

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Finance/Business

Inflation reached its peak in India, but trajectory would be mostly downward: Shaktikanta Das

September 3, 2022September 3, 2022 - by cmedia

IBNS/Inflation is likely to go down in the coming months and the impact of high inflation is already past its peak, Reserve Bank of India Governor Shaktikanta Das said Friday. …

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Politics

Ford’s throne speech touches on global uncertainty, healthcare, inflation, strong mayor bill

August 10, 2022August 10, 2022 - by cmedia

Ford’s speech from the throne was delivered yesterday by Canada’s Lt.-Gov. Elizabeth Dowdeswell marked the start of a new legislative session and speech and touched on the crumbling healthcare system, …

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Canada/US / Finance/Business

Quebec’s spring budget includes a one-time payment of $500 to adult residents

March 22, 2022March 22, 2022 - by cmedia

Quebec/CMEDIA: In an attempt to help offset the impact of inflation, Quebec’s spring budget includes a one-time payment of $500 to every adult earning $100,000 or less with the cash …

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Canada/US / Finance/Business

B.C.’s inflation causes its minimum wage to rise to $15.65 per hour, the highest among provinces

March 21, 2022March 21, 2022 - by cmedia

Vancounver/CMEDIA: British Columbia (BC)’s Labour Minister Harry Bains announced Monday that the hourly wage will jump by 45 cents to $15.65 per hour starting June 1. The increase attributed to …

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Canada/US / Finance/Business

Canada’s annual inflation rate rise of 4.8 percent in December, is the highest since 1991, says Statistics Canada

January 19, 2022January 20, 2022 - by cmedia

Inflation. Image credit: Pixaby #StatisticsCanada; #Inflation Ottawa/CMEDIA: Canada’s annual pace of inflation rose to 4.8 percent in December, marking its highest since 1991, says Statistics Canada. The pace of price …

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