consumer-issues

Canada’s inflation rate finally hit the Bank of Canada’s target. What does that mean for prices?

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Canada’s inflation rate finally hit the Bank of Canada’s target. What does that mean for prices?

Canada’s inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada’s target in its long campaign to cool price growth. The central bank began aggressively hiking interest rates in April 2022 to tame skyrocketing inflation, and it made its first rate cut since March 2020 in June. “Our … Read more

July home sales dipped on monthly basis, but up from a year ago, says CREA

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July home sales dipped on monthly basis, but up from a year ago, says CREA

Canadian home sales dipped by 0.7 per cent in July from the month before, the Canadian Real Estate Association said on Thursday. But monthly sales activity was 4.8 per cent higher than it was during the same period a year earlier. The number of newly listed properties increased 0.9 per cent month over month, led by a … Read more