TORONTO – Maybe we crowed too early, when Canada’s annual inflation rate fell to 2.8% in June for the first time since March 2021. According to economists, in fact, we must expect a new increase: both BMO and CIBC predict – according to Global News – that inflation will settle at 3.1% in July (official data are expected in the next few hours), largely due to the increase in petrol prices. On the other hand, the US saw a similar increase in inflation, with the annual rate climbing to 3.2%, up from 3.0% in June. (more…)
TORONTO – The York Catholic District School Board (YCDSB) is an organization is crisis mode. It has received, in academic 2022-2023, a total of $601,705,281.00 in Grants for Student Needs (GSN) to nurture 49,233 students assigned to its care – 30,927 of them under the age of fourteen. The wrong people may be in charge.
TORONTO – I never go to casinos [to gamble]. Doug Ford (in the pic, from his Twitter profile / @fordnation) must, at least on occasion. He wins constantly and someone else provides the risk capital: the Opposition Parties at Queen’s Park. The man (hope I am not offending any gender idealogues) walks around with horseshoes to spare.
TORONTO – Canada is approaching recession, families are on their knees but the central bank “pulls straight” and on Wednesday tomorrow will announce yet another interest rate hike.
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.