More Canadians To Feel The Pinch Of High Rates In 2024, Making Way For Lower Inflation
The central bank has been able to maintain its benchmark interest rate at 5% for the past few months thanks to significant rate hikes that are finally starting to pay off. Lower inflation has resulted from a reduction in consumer…
Bank Of Canada Will Cut Three Times Next Year To Bring Rate To 4.25%, Deloitte Predicts
“We’re going to have two percent [inflation] in the Bank of Canada’s sights,” said Dawn Desjardins. “That will open the door for them to start to give some interest rate relief.” Canada’s inflation rate is still much below the Bank…
Canadian Tourism Beats Pre-Pandemic Levels Earlier than Expected and Sees Huge Potential Ahead
In its most recent Tourism Outlook: Unlocking Opportunities for the Sector report, Destination Canada said on Tuesday that overall tourism income is expected to surpass 2019 levels and reach $109.5 billion by the end of 2023. This shows that the…
Short-Term Rental Tax Changes Left Out Of Freeland’s Bill To Implement Fiscal Update Measures, Here’s Why
The senior Liberal cabinet minister introduced a notice of a “ways and means motion” in the House of Commons on Tuesday, providing a sneak peek at the contents of the bill. The government’s whole legislative and tax strategy is laid…
With Millions Of Mortgages Coming Due, Finance Minister Expects Banks ‘to Work With’ Canadians
On Sunday, Freeland said on Rosemary Barton Live, “I hear most people worry about interest rates right now, especially people who have mortgages and are concerned about the renewal of their mortgages.” According to Royal LePage research, almost three million…
Major Canadian grocer says expanded price freezes will happen amid new plans to stabilize food prices
Despite promises by the federal government to reduce inflation and the rising cost of living for Canadians, major retailers in Canada did not clarify whether they were committed to special deals to stabilize grocery prices a month ago. “This is…
Matthew’s Romance Scam Victory: Crypto Financial Recovery Restores His Peace and Finances
In this digital age, love seems accessible within a swipe, but a climbing rate in romance scams show the uglier side to it. What lies behind the screen showing heartfelt messages and alluring profiles, are the deceptive practices that scammers…
Facing The Need To Cut Some Spending, the Defense Minister Says More Must Be Spent On ‘Right Things’
Defence Minister Bill Blair says that even though the Canadian military already faces millions of dollars in budget cuts, more money must still be spent in strategic areas to increase military capability and readiness. Blair stated that the federal government…
Forex Scam Story
Aaron, a 32-year-old businessman from Seattle, was enjoying his trip to California and was having a good time with his family. He was financially stable, and he did have various investments in the stock market. But during the trip, he…
No Canadians approved to leave Gaza on Friday were able to exit: Global Affairs
Early on Friday, the daily list of foreign nationals authorized to depart for Egypt via the Rafah border crossing included 266 Canadian citizens, permanent residents, and their families. The Palestinian administration, in collaboration with the governments of Egypt and Israel,…