The role of the Bank of Canada and how it impacts newcomers

Credit to Author: Edana Robitaille| Date: Thu, 15 Jun 2023 12:01:34 +0000

The Bank of Canada (BoC) has raised interest rates to their highest level since 2001. The overnight lending rate is now 4.75%, which is 25 basis points higher than it was at the previous increase in January this year. The BoC started raising rates in July 2022 when it went from 1.5 % to 2.5%. […]

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Bank of Canada holds interest rates steady: Why that’s good for newcomers

Credit to Author: Edana Robitaille| Date: Tue, 18 Apr 2023 13:00:17 +0000

On April 12, the Bank of Canada (BoC) announced that it would hold interest rates steady at 4.5%. Interest rates have stayed at 4.5% since January this year, following several increases over the latter half of 2022. This rate is still high, but the absence of an increase in interest rates and the declining rate […]

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The Bank of Canada just raised interest rates again. What does this mean for newcomers?

Credit to Author: Edana Robitaille| Date: Thu, 02 Feb 2023 13:00:02 +0000

The Bank of Canada (BoC) recently announced another rise in interest rates, up to 4.5%, or up 25 basis points from 4.25% on December 7, 2022. While this is the smallest rise in interest over the past year, interest rates will stay high for the foreseeable future making larger spending more difficult than previous years. […]

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Bank of Canada Governor talks about using immigration to balance the national labour market

Credit to Author: Vimal Sivakumar| Date: Wed, 23 Nov 2022 13:00:14 +0000

In two recent speeches on November 10th and 14th, Bank of Canada (BoC) Governor Tiff Macklem spoke to attendees and the media about how immigration may be the key to achieving labour market stability and correcting the course of inflation. His speeches addressed “the future of workers and jobs” by tackling questions that included: Why […]

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Skilled immigrants: Canada is making progress toward gender equality

Credit to Author: Alexandra Miekus| Date: Fri, 16 Aug 2019 19:12:09 +0000

More and more women are finding themselves as the principal applicants in Canada’s Express Entry immigration process. Prospective immigrants to Canada are assigned a Comprehensive Ranking System (CRS) score to help the federal government assess and rank candidate profiles in the Express Entry pool. Figures provided in the 2018 Express Entry year-end report reveal that […]

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Alberta invites 471 Express Entry candidates with CRS scores as low as 303 to apply for provincial nomination

Credit to Author: CIC News| Date: Mon, 05 Aug 2019 19:42:26 +0000

Two provincial nomination draws have created an opportunity for Express Entry candidates seeking opportunity in the province of Alberta—Canada’s west-most Prairie Province, home to Calgary, Edmonton, and Banff National Park. On July 17, Alberta issued a total of 251 Notifications of Interest (NOI) to Express Entry candidates with Comprehensive Ranking System(CRS) scores starting at 400. One […]

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Manitoba issues new invitations to skilled workers and international graduates

Credit to Author: CIC News| Date: Fri, 24 May 2019 16:54:01 +0000

Manitoba invited 196 immigration candidates to apply for a provincial nomination for Canadian permanent residence in an Expression of Interest draw held May 23.  Of the 196 invitations issued, 119 went to candidates in the Skilled Workers in Manitoba Stream, 60 went to Skilled Workers Overseas candidates and 17 were issued through the  International Education […]

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Manitoba Provincial Nominee Program giving rural communities a new lease on life

Credit to Author: CIC News| Date: Tue, 07 May 2019 13:47:30 +0000

In 1996, the Manitoba community of Steinbach had a population of 8,478 people, a number that has now almost doubled thanks in large part to the province’s immigrant nominee program.   This and other successes of the Manitoba Provincial Nominee Program (MPNP) were touted recently in an article by the province’s Minister of Education and Training, […]

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Canada’s goal of 1 million new permanent residents turning heads worldwide

Credit to Author: Stephen Smith| Date: Wed, 16 Jan 2019 19:11:54 +0000

Canada’s goal of admitting more than a million new permanent residents by the end of 2021 is gaining new attention internationally.   Recent reports by the BBC, CNN and others have highlighted how the three-year target is setting Canada apart on the global stage. As CNN reported, “Canada’s friendly stance towards new residents comes as many other Western […]

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