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…