Short of giving people cost\u002Dof\u002Dliving bonuses, there is nothing the B.C. government can do.
People were talking about inflation, as the costs of things began to rise — from mortgages to gas — and the reality of a post-pandemic world started to appear.Sales across much of Canada have slowed dramatically after the Bank of Canadas interest-rate hike forced banks to also move theirs up.The rate of inflation is a key economic indicator, and is defined by the price of a collection of goods at one point in time compared to another.
By late winter 2022, as prices began in general to rise, banks around the world started to increase interest rates as a way to temper prices. The wealthiest people, who have savings and investments, see those values rise and are spared the pain of inflation. For the majority of people, the only way out is a pay rise, which then leads to more inflation.Article contentPhoto by Chris WattieThe Reserve Bank of Canada is tasked with managing the national economy with the tools it has. For instance, during COVID-19 the bank bought up as many bonds as it could as a way to keep interest rates down in order to keep the economy going.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five rules to help investors survive what's comingICYMI: Five rules to help investors survive what's coming — via financialpost
Read more »
Five rules to help investors survive what's comingICYMI: Five rules to help investors survive what's coming — via financialpost
Read more »
Three doses of COVID-19 vaccine elicit good response in children under five: Pfizer-BioNTechPfizer-BioNTech plan to ask global regulators to authorize the vaccine for children under five, for whom no vaccine is currently approved in most of the world
Read more »
Analysis | Five Canadian draft prospects are NBA bound, and the Raptors might be playersMississauga’s Caleb Houstan and Aurora’s Andrew Nembhard should be of the most interest to Raptors fans when the picks are made on June 23 in Brooklyn.
Read more »
It’s sake time: Five places to enjoy some!“People don’t realize how good craft sake is today, and that a lot of it is available right here in Toronto.”
Read more »