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The Bank of Canada lowered its key interest rate by 25 foundation points, offering a glimpse of hope to mortgage holders. However, one banker says it could be a mistake for potential homebuyers to plan their next transfer based on Wednesday’s announcement. In his newest private finance column for, Christopher Liew has advice for high earners who ought to contemplate wealth and time administration methods to create even greater financial freedom for themselves. The federal government is giving a combined $11 million to 6 tech corporations in Ottawa that are developing wireless and artificial intelligence advancements. Higher grocery costs continue to wallop Canadian family budgets, with meals inflation ticking greater in May for the primary time in practically a yr. ICRA said that non secular tourism and Tier 2 cities are expected to contribute meaningfully to the general demand in the subsequent fiscal.

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The manufacturing sector accounts for 30 p.c of East Java’s financial system, whereas agriculture makes up 12 p.c of the area’s workforce. The East Java city has attracted main home and international traders, most notably Freeport Indonesia. Economic think-tank Indef has doubts as historical past has shown that past presidents have by no means booked a mean progress of seven %.