Canada changes immigrant accepting rules: News of the week
The most important news for the week of June 5 to 11.
The Bank of Canada raised its key interest rate again. Depending on this rate, banks set interest rates on deposits, loans, and mortgages. The rate now stands at 4.75%, the highest level in 22 years. By raising the rate, the Bank of Canada is trying to control inflation.
Artificial Intelligence is the great achievement of our time, which this year has triggered a real technology race. The Canadian government has not stood by. The government has allocated funding for the development of reliable and secure artificial intelligence.
Wildfires have become a disaster for Canada this year. And according to recent ministerial statements, fire activity is likely to be higher than usual in the coming months. Firefighters from France, South Africa, the United States, and other countries are coming to Canada to help.
In addition to the economy and the environment, the country's air quality suffers severely as smoke from fires spreads for kilometers. Seniors, children, pregnant women, and people with lung and respiratory diseases are at risk. If you are in Canada, some simple tips can help reduce your exposure to smoke.
Cost of living in Canada
Over the past two years, rents in Canada have risen an average of 20%. In May, the average price for a one-bedroom apartment rented across the country was CAD 1,800. The highest prices are now in Vancouver and Toronto. But in the provinces of Alberta and Saskatchewan, housing will cost on average CAD 1,000 a month cheaper.
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