Category: Featured

Bank of Canada, here’s the increase: interest rate at 3.75%

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).

School in Ontario:
Impasse negotiations,
pressing of the CUPE

TORONTO – “We know that they are there to talk about what their next political decisions will be, we also know that in the end a strike can be avoided by coming to the negotiating table with a real proposal that respects workers and that respects families.” This was stated by the president of the Ontario School Board Council of Unions (OSBCU) Laura Walton, present at the protest that was held Saturday in front of the Toronto Congress Centre where a general meeting of the Progressive Conservative of Ontario was underway. 

Anti Catholic Bigotry is a Real Problem in Canada

TORONTO – We borrowed the headline from a column written by Jamil Jivani, a writer/broadcaster/lawyer, for the National Post last October 18 (in the pic above, the article on National Post’s website). He went on to say that Catholics, as a group of Canadians, “suffered the biggest spike in hate crimes last year”. He supports his premise with facts. Mr. Jivani is a reputable and consistent advocate for balance, equity and inclusion. He is also a member of a  visible minority. 

Freeland: “It will be a difficult time for everyone”

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. 

Canada: inflation falls, but prices rise

TORONTO – The annual inflation rate falls, but that’s not good news as food prices continue to rise. This is what emerges from the latest report on the consumer price index by Statistics Canada, which shows that inflation fell slightly, in September, to 6.9 per cent (from 7% in August), but it is solely due to the drop in the price of gas, which fell by 7.4% in September. 

Ontario, Education Minister on a War-Footing

TORONTO – Give him credit for communications acumen in times of “crisis”. Facing a breakdown in negotiations with education workers and teachers, Minister of Education, Stephen Lecce, decided to take his message directly to an audience most sensitive in the event of a “job action”. Parents and grandparents of schoolchildren from family-oriented ethnic communities.