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July 26, 2023

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Say goodbye to these everyday things to save money

  From grocery to gas to going out, everything is a bit too expensive despite the decrease in the inflation rate to 2.8% according to Statistics Canada. We talked to an expert on how you can save money in Canada. Aaron Guillen from finance non-profit Better Business Bureau, BC and […]

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Canada’s inflation rate tumbles to 2.8 per cent

    Canada’s inflation rate has fallen back to the country’s target range for the first time in more than two years, but economists say the fight against high inflation is far from over. Annual inflation tumbled to 2.8 per cent in June, Statistics Canada reported Tuesday. The deceleration was […]

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Toronto home prices now expected to rise 11 per cent by year end, Royal LePage says

The aggregate price of a home in the Greater Toronto Area is expected to remain mostly unchanged through the rest of the year despite the Bank of Canada’s decision to resume its interest rate hiking campaign, a new report from Royal LePage suggests. The real estate firm has revised its […]

Bank of Canada raises key interest rate, making the cost of borrowing more expensive

  The Bank of Canada has raised its policy interest rate again, making the cost of borrowing more expensive. The 25 basis points hike brings the Bank’s overnight rate to 5%, the highest it’s been since 2001. In its Monetary Policy Report, the Bank of Canada says the rate increase […]

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Bank of Canada expected to raise rates next week, despite rise in unemployment rate

    The Canadian labour market is showing some signs of softening as the unemployment rate rises and wage growth slows, but with another solid job gain in June, forecasters are still expecting an interest rate hike by the Bank of Canada next week. Statistics Canada reported Friday the economy […]

Canada will soon become a ‘super aged’ country

  Older adults are facing a bleak future unless Canadian governments dramatically shift their approach to long-term care, says a new report from the National Institute on Ageing. The third and final report in the NIA’s “road map” for improved long-term-care services — with an emphasis on community supports over […]