Inflation decrease and hundreds of immigration invitations: news of the week
Highlights from July 17 through July 23.
The long-awaited news is that Canada's inflation dropped to 2.8% for the first time in more than two years and is much closer to the 2% target. Earlier, the Bank of Canada once again raised its key interest rate to rein in rising prices. Now economists are optimistic, but it may be harder to make inflation fall further.
Canadians, however, are slow to rejoice. A new survey has shown that 77% of the country's residents are dissatisfied with the way the government distributes money and how much it spends. Also, more than 60% of Canadians believe that it is the authorities are to blame for high inflation, as they have increased government spending over the past three years.
Another interesting poll. The current Prime Minister of Canada Justin Trudeau managed, according to public opinion, to become simultaneously the worst and one of the best country leaders. Trudeau ranked first on the list of unpopular prime ministers among Canadians, and fourth on the list of popular ones.
Help for Canada's residents
The Canadian government made a meaningful investment to build housing for asylum seekers, especially in cities where more refugees are arriving. For example, almost half of that money will go to fund housing in Toronto. Canada is obligated to provide housing and support to all those who are granted refugee status.
Also, authorities are working to improve conditions in long-term care homes. Earlier this year, long-term care expert groups released standards to improve patient health, safety, and infection prevention. And the ruling party is expected to draft a safe long-term care bill. In addition, the last federal budget allocated CAD 1.7 billion to increase pay for nursing home workers.
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