65 h. ago Fed’s Kugler Supports Holding Rates Amid Upside Inflation Risks

Federal Reserve Governor Adriana Kugler said it’s appropriate to keep interest rates unchanged until upside risks to inflation abate, pointing to government policy changes, the recent lack of progress on cooling price growth and rising inflation expectations.

Economics

3 d. ago Ontario among provinces getting minimum wage increase in 2025

Many Canadians entering the workforce are likely to get a pay bump as the minimum wage in certain provinces is set to increase in 2025.Today, the federal minimum wage has been raised to keep pace with inflation, going up 45 cents to $17.75. This raise applies to employees and interns working in the federally regulated private sector, including businesses like banks, telecom companies and interprovincial air, marine, rail and road transportation.Many provinces also increase their hourly amount in the spring and summer, while others do so in the fall. Some provinces might not raise it at all.According to the government, if the minimum wage in a province or territory is higher than the federal number, federally regulated employers must apply the higher rate.Last year, some workers in Canada saw bumps in their paycheques after several provinces raised their minimum wage.Here's what minimum wage rates look like across the country and when some Canadians can expect another raise.British C...

Other

4 d. ago Canada's federal minimum wage for 2025 goes up on April Fools' Day

A lot of Canadians are about to get a raise this week, as the federal minimum wage for 2025 is set to increase on April 1.No, this is not an April Fools' joke. The hourly amount is adjusted annually on that day to keep pace with inflation.Samfiru Tumarkin LLP, a Canadian law firm that specializes in employment law, says the federal minimum wage applies to employees and interns working in the federally regulated private sector. This includes businesses like banks, telecommunications companies, and interprovincial air, marine, rail and road transportation.The federal hourly wage went up in 2024 from $16.65 to $17.30. This year, it will increase by 45 cents from $17.30 to $17.75.The modest increase is higher than what was projected by some Canadian litigation and immigration firms earlier this year. ImmigCanada predicted the new rate would be around $17.70 per hour. This pay bump is based on last year's Consumer Price Index (CPI).In February, Minister of Employment, Workforce Developme...

Other

5 d. ago ECB’s Lagarde Says Keeping Inflation in Check Is a ‘Constant Battle’

President Christine Lagarde said that the European Central Bank can’t relent on inflation, with the US administration’s trade policy creating uncertainty.

Economics

1 week ago Sri Lanka Central Bank Chief Says Policy Rate Is Appropriate

Sri Lanka’s central bank governor said monetary policy is “appropriate” right now, as the South Asian nation’s economy and inflation are moving in line with their goals.

Events

1 week ago Sticky US Inflation and Tariffs Are Keeping the Fed Sidelined

US inflation remains at a disquieting level for Federal Reserve officials, just as the Trump administration moves forward with tariffs that risk keeping price pressures elevated.

Economics