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

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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Work and Study Permit holders see huge gains in employment, as strong hiring continues in Canada

Credit to Author: Asheesh Moosapeta| Date: Tue, 14 Feb 2023 14:00:08 +0000

January saw a considerable increase in overall employment, as 150,000 jobs (+5% of total employment) across Canada were filled in the first month of 2023. Learn more about Canadian immigration and discover your options The strong surge in hiring yielded big increases in employment for many groups (primarily workers aged 25-54), with Non-permanent Residents (NPRs)—those […]

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Interest rates trimmed anew by 25 bps

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 06 Feb 2020 16:39:44 +0000

THE Bangko Sentral ng Pilipinas (BSP) resumed its monetary policy easing by cutting interest rates on Thursday, a widely anticipated move that some analysts expect would continue this year. The central bank’s overnight borrowing, lending and deposit rates were reduced by 25 basis points to 3.75 percent, 4.25 percent and 3.25 percent, respectively, after its […]

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Diokno: 50 bps rate cut, slow RRR reduction next year

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 18 Dec 2019 15:00:40 +0000

The central bank is likely to cut interest rates by at least 50 basis points next year, but will take it slow in terms of reducing banks’ reserve requirement ratio (RRR), Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. “For policy cuts, at least 50 basis points (bps). We’re observing what the other central […]

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BSP hikes key rates to contain inflation

MONETARY authorities on Thursday raised key interest rates for the third time this year to contain rising inflation. The Bangko Sentral ng Pilipinas’ (BSP) policy-setting Monetary Board raised its key interest rates by 50 basis points (bps), bringing its overnight borrowing, lending and deposit rates to 4 percent, 4.50 percent, and 3.50 percent, respectively. The Monetary Board […]

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