TORONTO – After a year of continuous hikes, the “key” interest rate finally stops. In fact, today the Bank of Canada decided to keep it unchanged, while clarifying that it is still ready to raise rates further depending on how the intensity and the economy progress. In any case, for now the official rate of the Canadian central bank remains at 4.5%. (more…)
TORONTO – More than half of Canadians can’t keep up with the cost of living and gets into debt to meet ordinary expenses: rent, food, gasoline. An alarming situation, to say the least, photographed by the Angus Reid Institute through a research conducted online from 8 to 10 August 2022 on a sample of 2,279 Canadian adults. (more…)