interest rate hike – Thinking Port

House prices rise in Canada as interest rates remain high

July 9, 2023 admin bank of canada, buying a home in canada, Canada, canada skilled worker immigration, immigration, Inflation, interest rate, interest rate hike, labour market, labour supply and demand, statistic canada

Credit to Author: Edana Robitaille| Date: Sun, 09 Jul 2023 13:00:03 +0000

The cost of buying a home in Canada has gone up slightly according to the most recent data from Statistics Canada. The recently released New Housing Price index shows that on average, prices increased 0.1% month-over-month in May, the first increase since August 2022. It further showed that prices were up in six of the […]

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Canada Immigration

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

June 15, 2023 admin bank of canada, Canada, canada skilled worker immigration, immigration, Inflation, interest rate, interest rate hike, labour market, labour supply and demand, life in canada

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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Canada Immigration

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

April 18, 2023 admin bank of canada, Canada, canada skilled worker immigration, immigration, Inflation, interest rate, interest rate hike, labour market, labour supply and demand

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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Canada Immigration

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

February 2, 2023 admin bank of canada, Canada, canada skilled worker immigration, immigration, Inflation, interest rate, interest rate hike, labour market, labour supply and demand, settle

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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