A new chance to find a job in Canada and other news of the week
The most important events of the week of September 4-10.
Canada is once again investigating foreign interference in elections. The topic has become very scandalous this year, but an earlier investigation into interference failed to reveal any. Now the government is to conduct another one. The opposition claims that foreign interference helped the Liberal Party win the last election.
Last week, the Bank of Canada made another decision on the key interest rate. It remained unchanged at 5%. This is good news for Canadians, as the rate was previously raised in June and July, and even provincial governments asked the Bank of Canada not to raise the rate again. But an increase could still happen in the future if inflation doesn't slow down.
Economy and life in Canada
There is negative news: the Canadian dollar has reached its lowest level in the last 5 months. The main reason is cited as the weak China General Services Business Activity Index, which affects the economy of other countries, including Canada.
The Canadian government is considering a number of incentives for companies that build housing. This should help speed up the pace of construction and curb the steady rise in real estate prices.
Collegiate schools are gaining popularity in the province of Alberta. These are institutions for students in grades 7-12 that will prepare them for post-secondary education and even teach them about specific occupations. The first collegiate schools will be accepting students this fall.
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