Welcome to the Canadian National Multilingual News Group (CNMNG). This is a project made possible through funding by Canadian Heritage. CNMNG aims to gather news researched and written by a corps of Canadian-based journalists/writers from the country’s multilingual community groups. The overall goal is to inform, analyze and critique the issues of the day in a professional manner and to provide that to publishers and editors active in the ethnocultural-multilingual press and media whose experience provides them with a perspective that is sensitive to news relevant to their own language group.
OTTAWA – Here we go again. The Bank of Canada will raise its benchmark interest rate by 0.75% on Wednesday: a new increase, therefore, after the 0.50% increase on June 1, when the rate was raised to 1.50. %. From Wednesday, it will be at 2.25%. The reason, as always, is that of the “fight against inflation” which in recent weeks has reached its highest level in almost 40 years: 7.7 per cent.
