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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 […]
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 […]
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) […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
