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Bank of Canada keeps its overnight rate unchanged once again

Today, the central bank kept its key lending rate at 0.25% and reiterated its plan to hold it that way in order to support the economy hit by the second wave of COVID-19 and lockdowns. The Governor Tiff Macklem held the rate at 0.25%...
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Most Canadians plan a home purchase even in spite of all the difficulties

Although real estate prices keep showing fast growth and the uncertainty concerning the COVID-19 pandemic is still there, 80% of Canadians still consider homeownership a good investment option, according to the recent survey by RBC. The poll also shows that 56% plan to buy...
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Do economists expect a rate cut from the central bank?

On Wednesday, the central bank will make its first policy decision in 2021, and everyone wonders whether the Governor Tiff Macklem will keep the key lending rate unchanged at today’s 0.25% or cut it to help Canada cope with the severe lockdown measures. As...
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Real estate sales reached record level in 2020, while younger Canadians are massively leaving large cities

According to the Canadian Real Estate Association (CREA), home sales last month reached an all-time record monthly level. December sales rose by 47.2% annually, marking the biggest year-over-year increase of monthly sales in 11 years. In addition to it, sales also showed a 7.2%...
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Many Canadians think about leaving their jobs because of increased stress level

With Ontario following Quebec in tightening lockdowns, many Canadians may feel stronger anxiety and stress. The recent monthly poll of Canadian workers shows that even earlier, before the recent virus wave, we felt stressed about our job prospects, didn’t take vacations and were practically...
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