Emily Vu, Personal Real Estate Corporation

Canada's inflation rate dropped to 2.5% in July, down from 2.7% in June, according to Statistics Canada. The decline was driven by lower prices for travel, passenger vehicles, and electricity. Inflation pressures have eased throughout the year, keeping the annual rate below 3% since January. The Bank of Canada has responded to this trend by lowering its key interest rate in recent meetings, with Governor Tiff Macklem indicating that further rate cuts are likely if inflation continues to slow.

In July, Canada's unemployment rate remained steady at 6.4%, with the economy losing around 2,800 jobs, primarily in wholesale, retail, and finance sectors. Youth unemployment rose to 14.2%, the highest since 2012 (excluding the pandemic), and the unemployment rate for recent immigrants was 12.6%. While the private sector lost 42,000 jobs, the public sector gained 41,000. Economists predict that the Bank of Canada will continue to cut interest rates in the near future.

Trong tháng 7, tỷ lệ thất nghiệp...

London Drugs is relocating within The Amazing Brentwood mall in Burnaby to a new 23,300 sq ft space at the outdoor section of the mall, near Brentwood Plaza. The new store will open in May 2025, replacing its current 29,000 sq ft location in the old indoor mall. This move aligns with the mall's multi-phased redevelopment, which includes demolishing the existing indoor mall to make way for significant residential development, with plans to add up to 4.67 million sq ft of residential space, including...