👉The Bank of Canada has raised its overnight rate by 25 basis points, moving its policy rate to 4.5 per cent from 4.25 per cent. If projections hold steady, the central bank has signalled a pause at its current rate, while it assesses the full impact of its hikes on the economy. Excluding food and shelter, the central bank is seeing declines in inflation, due to decreases in gasoline and durable goods prices, according to the bank’s Monetary Policy Report released on Wednesday. The current inflation rate sits at 6.3 per cent. The bank projects that number to decline to 3 per cent by mid-2023, with a return to its inflation target of 2 per cent in 2024.✅ . . #CRSscore #CRS #Canadaimmigration #IRCC #immigrationupdate #Canada #Expressentry #ImmigrationUpdate #CanadaPR #freeimmigrationupdate #candadianmallu #mnm #malayalisnearmeapp