TORONTO – Unbelievable but true: Canada saw stronger-than-expected economic growth in the third quarter, though economists warn the numbers don’t paint such a positive picture. But let’s go in order. (more…)
by Marzio Pelù
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…)
by Marzio Pelù
TORONTO – The Bank of Canada’s one percent interest rate hike on Wednesday took many by surprise (the institute had predicted a lower increase) and is likely to have a major financial impact for many Canadians. Also an economist, finally, says it. “It will have an immediate and rather dramatic effect on loan costs for many people,” Stephen Brown, a senior Canadian economist at Capital Economics, told CTV‘s “Your Morning” today, stating what everyone knows but few say openly: Canadian central bank interest rate hike raises mortgage and loan repayments: it’s so obvious. (more…)
Following the Ontario government’s decision to allow families to choose for the 2021-2022 school year between face-to-face learning and distance learning, the Toronto District School Board (TDSB) has informed parents that the decision will not need to be made until mid-August. (more…)
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