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
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
The Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, with governor Tiff Macklem saying during a news conference that it would be reasonable to expect further rate cuts if inflation continues to ease. The cut was widely expected by economists after inflation eased in June. It marked the central bank’s second … Read more
The Canadian economy added a flat 27,000 jobs in May, while unemployment inched up slightly to 6.2 per cent, Statistics Canada said Friday. Economists were expecting an average of 30,000 jobs to be added. Part-time employment was up by 62,000 positions and full-time employment declined, with a loss of 36,000 jobs. BMO chief economist Douglas Porter wrote that … Read more
Canada’s consumer price index cooled to 2.7 per cent in April, down from 2.9 per cent in March, led by the slower growth of food prices, Statistics Canada said Tuesday. Though food prices still rose in April, they did so at a slower pace of 1.4 per cent compared to 1.9 per cent in March, the data … Read more
Nearly a year after graduating from Carleton University with a degree in engineering physics, Surya Nareshan is still struggling to find employment. Nareshan, who lives in Ottawa, has applied for dozens of positions since May — mostly in software engineering and optics. While he’s made it through multiple rounds of interviews, including elaborate proficiency testing, he hasn’t yet found … Read more
Entertainment Irish singer and political activist Sinéad O’Connor died of natural causes, a coroner’s office in London, England, confirmed to CBC News on Tuesday. Singer died at the age of 56 in July Jenna Benchetrit · CBC News · Posted: Jan 09, 2024 9:53 AM EST | Last Updated: 3 hours ago Irish singer and activist … Read more
