Labour Supply and Demand

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

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