inflation

Surge in newcomers putting pressure on inflation via housing demand: BoC official

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Surge in newcomers putting pressure on inflation via housing demand: BoC official

The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply. In a speech in Windsor, Ont., deputy governor Toni Gravelle acknowledged many of the benefits coming from this rise in immigration, … Read more

FPIs invest ₹26,505 crore in equities in 1st six sessions of December

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FPIs invest ₹26,505 crore in equities in 1st six sessions of December

Image used for representational purpose. | Photo Credit: Reuters Foreign portfolio investors (FPIs) injected ₹26,505 crore into the Indian equity markets in the first six trading sessions of December on expectations of political stability after the BJP stormed to power in three major States and robust economic growth. This came following a net investment of … Read more