CBJ News

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 [...]

Bank Rate 0.25%; Inflation 4.8%

CBJ –Despite a ballooning 4.8% inflation rate — and no signs of it abating anytime soon — the Bank of Canada recently opted to leave its overnight, trendsetting interest rate at [...]

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