Author: admin

Minimum income required to buy a home in Vancouver spikes to shocking amount

  If you are thinking about entering Vancouver’s housing market and becoming a homeowner, new data has revealed that unless your income meets this sky-high minimum amount, you’re going to be out of luck. According to numbers compiled from Ratehub.ca, a Canadian mortgage website, it’s even more bleak in Vancouver […]

A Politician man talking

Canada’s inflation rate reaches 4 per cent in August

  Statistics Canada says the country’s annual inflation rate rose to four per cent last month, up from 3.3 per cent in July. The rise in inflation was largely driven by gasoline prices, which were up on an annual and monthly basis. August marks the second consecutive month inflation has […]

Coins and Money

How to transfer money internationally

  There are several ways to transfer money to and from Canada. Here are some popular ways to do so: Bank wire transfers: Most major banks and credit unions in Canada offer international wire transfer services. You’ll need the recipient’s bank account details, including their International Bank Account Number (IBAN) […]

Canada’s inflation rate rose to 3.3% in July

  Statistics Canada says the country’s annual inflation rate rose to 3.3 per cent in July, marking an increase in the pace of price growth since June. This comes after inflation tumbled to 2.8 per cent in June, falling within the Bank of Canada’s target range of between one and […]

Image Of bank of canada building

Notice: Array to string conversion in /home/yjs0k3qiupy6/public_html/wp-includes/category-template.php on line 196

Notice: Array to string conversion in /home/yjs0k3qiupy6/public_html/wp-includes/category-template.php on line 196

Notice: Array to string conversion in /home/yjs0k3qiupy6/public_html/wp-includes/category-template.php on line 196

Notice: Array to string conversion in /home/yjs0k3qiupy6/public_html/wp-includes/category-template.php on line 196

Notice: Array to string conversion in /home/yjs0k3qiupy6/public_html/wp-includes/category-template.php on line 196

Notice: Array to string conversion in /home/yjs0k3qiupy6/public_html/wp-includes/category-template.php on line 196

Economy grew in May despite wildfire effects, looks to have slowed in June

  The Canadian economy grew by 0.3 per cent in May despite downward pressure from wildfire-hit oil and gas production but it looks to have slowed in June, Statistics Canada said Friday. The energy sector was down 2.1 per cent in May, the release shows. “This was the sector’s first […]

cash and credit card

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 […]

a young woman in grocery buying limon

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 […]

image of a house for sale

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 […]

calculator and coins and money

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 […]