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Canada slashes immigration as public concern rises

Canada on Thursday sharply curbed its immigration targets in an effort to “pause” population growth, a shift that comes as public support for immigration declines. The announcement marked a major pivot for a country known as a welcoming destination for new arrivals, including economic migrants from the developing world seeking better living conditions. Canada’s population […]

Will Bank of Canada’s big rate cut wake up ‘sluggish’ housing market? – National | Globalnews.ca

The Bank of Canada delivered a big rate cut on Wednesday, slashing key borrowing rates by half a percentage point, and experts said this could help jolt Canada’s “sluggish” housing market. The central bank’s policy rate now stands at 3.75 per cent. Wednesday’s decision is the fourth consecutive drop in interest rates since June and […]