TORONTO – The Bank of Canada raised the interest rate by another 0.75 basis points, bringing it to 3.25 percent from 2.5 percent. It’s yet another in a series of hikes that began in March: since then, the Canadian central bank has raised the key rate by 3.00 basis points, at a pace not seen since the mid-1990s. (more…)
TORONTO – Skyrocketing infections and more than thirty thousand deaths from Covid-19 throughout Canada since the beginning of the pandemic: these are the sad data of today, negative on all fronts. Let’s start with Ontario, which reported the highest daily count of new cases in seven months. The province has in fact registered 2,421 new infections (53% of which of the Omicron variant), with an impressive increase compared to 1,808 new cases. Earlier this week, 1,476 new cases had been registered on Monday, 1,536 on Tuesday and 1,429 on Wednesday. (more…)
TORONTO – The election campaign has only just begun and there is trouble on the horizon. Some campaign organizations will have to “uncomplicate issues “, for themselves, as well as for the electorate. To begin, all the campaign teams seem to have accepted the old political philosophy that ‘all politics is local’. As crass as it may appear, the central theme for the voter is “talk to me after the cheque clears the bank”. (more…)