bank of canada – Thinking Port

Rising temperatures and rising costs: cost of living in Canada stays high in July

September 8, 2023 admin bank of canada, cost of living, groceries, HOUSING CRISIS, immigrate to canada, Inflation, life in canada, save money

Credit to Author: Edana Robitaille| Date: Fri, 08 Sep 2023 13:00:29 +0000

Over the summer, Canada has remained expensive for both Canadians and newcomers alike. For newcomers especially, this means spending more time saving and establishing a realistic budget before arriving in Canada, whether it is for work, to study or as a permanent resident. Many key indicators over July show that, while some inflation is slowing, […]

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Canada Immigration

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

Buying a home in Canada: Prairies might be best option according to new study

May 15, 2023 admin Alberta, bank of canada, Canada, cmhc, housing, immigration, interest rates, Manitoba, Saskatchewan

Credit to Author: Edana Robitaille| Date: Mon, 15 May 2023 13:00:23 +0000

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. The report was released on April 27 and contains an outlook on housing supply and cost for 2023 to 2025. The overall national outlook shows that […]

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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

Canadian immigrants’ efforts to find employment complicated by perceived skills mismatch

February 19, 2023 admin bank of canada, biases, Canada, canada employment, immigrant employment, immigrant skills, immigration, jobs, skilled workers

Credit to Author: Vimal Sivakumar| Date: Sun, 19 Feb 2023 12:00:53 +0000

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. This perception is built largely on three factors: immigrants’ lack of Canadian work experience, “language problems”, and pitfalls with […]

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Canada Immigration

Report: High immigration targets likely to benefit western provinces

February 15, 2023 admin atlantic immigration program, bank of canada, Canada, canada immigrate, desjardins, immigration, jobs, PNP, provincial nominee program, settle, tfw

Credit to Author: Edana Robitaille| Date: Wed, 15 Feb 2023 13:00:28 +0000

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. Since 2015, immigrants have consistently outpaced Canadian-born workers in net new positions, accounting for 70% of employment gains. In fact, by 2019, employment rates for new immigrants were […]

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Canada Immigration

Report: High immigration targets likely to benefit western provinces

February 15, 2023 admin atlantic immigration program, bank of canada, Canada, canada immigrate, desjardins, immigration, jobs, PNP, provincial nominee program, settle, tfw

Credit to Author: Edana Robitaille| Date: Wed, 15 Feb 2023 13:00:28 +0000

The post Report: High immigration targets likely to benefit western provinces first appeared on CIC News.

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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Canada Immigration

Bank of Canada Governor talks about using immigration to balance the national labour market

November 23, 2022 admin bank of canada, canada skilled worker immigration, immigration, Inflation, jobs, labour market, labour supply and demand

Credit to Author: Vimal Sivakumar| Date: Wed, 23 Nov 2022 13:00:14 +0000

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. His speeches addressed “the future of workers and jobs” by tackling questions that included: Why […]

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