Interest Rates Up 50 Basis Points
CBJ — To no surprise, the Bank of Canada has once again increased interest rates as the battle against stubborn inflation continues. The Central Bank had been expected to increase rates by [...]
Bank Rate Skyrockets by 1% to 2.5%!
CBJ — In a surprisingly aggressive move to combat inflation, the Bank of Canada has increased its overnight trendsetting rate by a full percentage point, taking it to 2.5%. The move comes [...]
Soaring Housing Costs Top Federal Budget Agenda
CBJ – The Canadian government made has made it clear that skyrocketing home prices will be a main focal point following Thursday’s budget delivered by Finance Minister Chrystia Freeland in [...]
New Investment in Honda Plant
CBJ — The Honda manufacturing plant in Alliston, Ontario is receiving a major injection of funds as the plant moves towards a concentrated effort of building hybrid vehicles. Both Prime [...]
Inflation Hits 5.7% in February
CBJ — Canada’s inflation rate rose to a near 31-year-high in February to a staggering 5.7%. The Bank of Canada says the ideal inflation rate hovers in and around 2%. Everything is [...]
U.S. Economic Expansion
CBJ — In spite of a devastating and ongoing worldwide pandemic, the American economy grew last year at its fastest pace since Ronald Reagan’s presidency in the 1980s. The gross [...]
