Buying a home in Canada: Prairies might be best option according to new study A recent report by the Canadian Mortgage and Housing Corporation (CMHC) says that homeownership will be more attainable in the prairie provinces over the next two to three years. By Edana Robitaille
Bank of Canada holds interest rates steady: Why that’s good for newcomers On April 12, the Bank of Canada (BoC) announced that it would hold interest rates steady at 4.5%. By Edana Robitaille
Canadian immigrants’ efforts to find employment complicated by perceived skills mismatch Skilled Canadian immigrants are being confronted by a perception that they may not possess the skills/aptitudes required to perform many of the same jobs in Canada that they might have performed in their country of origin. By Vimal Sivakumar
Report: High immigration targets likely to benefit western provinces A recent economic report by Desjardins shows that Canada’s increased immigration targets are likely to have a positive impact on provincial economies, particularly in the western provinces. By Edana Robitaille
The Bank of Canada just raised interest rates again. What does this mean for newcomers? 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. […] By Edana Robitaille
Bank of Canada Governor talks about using immigration to balance the national labour market 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. By Vimal Sivakumar
Immigration may help Canada lower interest rates On October 26, the Bank of Canada (BoC) increased the policy interest rate by 50 basis points, up to 3.75%. By Vimal Sivakumar
