Imagine trying to plan your money for the next ten years, but interest rates—the numbers that affect everything from house loans to how much you earn on savings—are a little confusing. In Canada, this is the current situation. As things happen around the world, the...
Right now, Canada is facing a high inflation rate. This means that the cost of things we buy, like food and services, is going up quickly—much faster than how much people earn. A survey showed that 45% of Canadian adults are very worried about inflation. Another 45%...
The Bank of Canada has aimed for an inflation rate of 2% since 1991. They have worked hard to keep inflation around this target even when tough events happened in the economy. These events include the dot-com bubble bursting in 2000, the September 11 attacks in 2001,...
The Bank of Canada is working hard to lower inflation, which is the rate at which prices for goods and services increase. Right now, inflation is going down, but it will take some time to see if these changes last. The Bank thinks that inflation will be about 3% in...
As we look ahead to the economy of Canada, it’s important to think about the interest rates for the next five years (2024-2029). These rates affect how much money we pay for loans and how much we earn on our savings. This article will explain what changes we might see...
Right now, the Bank of Canada (BoC) has an important job. They have to keep our money system safe and make sure prices stay steady. This is not easy because many things are happening, like changes in prices and people moving to Canada. This article will look at what...
