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.
TORONTO – Said and done. Bank of Canada raised the interest rate by another 0.50, taking it from 3.25 to 3.75 percent. Since last March, the central bank has raised the reference rate six times, “with the aim of combating inflation and bringing it back to the 2% target”, as the central bank has always maintained. A goal that is far from being achieved, as the Bank of Canada admits in the statement published today on its website (here). →
TORONTO – Il Canada si avvicina alla recessione, le famiglie sono in ginocchio ma la banca centrale “tira diritto” e domani annuncerà l’ennesimo rialzo del tasso di interesse. Ancora non si sa di quanto: 0.50 o forse 0.75. Di certo c’è che si tratta del sesto aumento da marzo: in pochi mesi, si è passati dallo 0,25 al 3,25 per cento, portando così alle stelle i costi dei mutui e dei finanziamenti a tasso variabile stipulati dalle famiglie canadesi…
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.
TORONTO – “Sarà un periodo difficile per l’economia canadese”. Il ministro federale delle Finanze, Chrystia Freeland (nella foto sopra, dalla sua pagina Facebook), ha lanciato un avvertimento: i prossimi mesi non saranno belli poiché i recenti aumenti dei tassi della Bank of Canada per domare (secondo quanto sostiene la banca stessa) l’inflazione alle stelle aumenteranno i costi dei prestiti per le imprese e i consumatori, il che manderà onde d’urto in tutta l’economia, ha affermato la Freeland, riprendendo di fatto un concetto che molti esperti di economia stanno sostenendo da mesi…
TORONTO – “It will be a difficult period for the Canadian economy”. Federal Minister of Finance, Chrystia Freeland (in the pic above, from her Facebook page), issued a warning: the next few months will not be good as the Bank of Canada’s recent rate hikes to tame (according to the bank itself) skyrocketing inflation will increase borrowing costs for businesses and consumers, which will send shockwaves throughout the economy, Freeland said, effectively echoing a concept that many economists have been arguing for months. →
