Tag: federal-reserve
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What the Latest U.S. Federal Reserve Rate Cut Could Mean for Canadians
With the U.S. Federal Reserve cutting interest rates once again, Canadians may feel some ripple effects across various aspects of the economy. As the Fed’s policies impact the U.S. economy, Canada often experiences a spillover effect due to the close economic ties between the two countries. Here’s how this rate cut might influence Canadians in…
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Average hourly wage in Canada now $34.95 according to StatsCan
The latest data from Statistics Canada reveals that the average hourly wage in Canada has reached $34.95, as reported on May 10, 2024. This significant figure comes amidst a robust performance in April’s job numbers, prompting economists to reconsider their stance on potential rate cuts. Here’s a closer look at the key highlights: In summary,…
Canada Housing Market 