Imaan Sheikh

Toronto

National Trending Editor at Daily Hive Toronto

Freelance Journalist at Freelance

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Articles

Carney capping immigration further to ease housing in Canada

1 month ago | dailyhive.com | Imaan Sheikh

May 2 2025, 4:08 pmThe nation’s new prime minister, Mark Carney, has announced the Liberal government’s plan to cap the number of international students and temporary foreign workers further. This step will help “ease strains” on housing in Canada. Carney shared several updates during a press conference on Friday morning.
Another Bank of Canada interest rate cut is on the way and here's what could happen

2 months ago | blogto.com | Imaan Sheikh

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement. The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.
What to expect from next week's Bank of Canada interest rate update

2 months ago | dailyhive.com | Imaan Sheikh

Amid times of economic uncertainty — an upcoming election and tense relations with the U.S. — Canadians are waiting for next week’s Bank of Canada (BoC) interest rate announcement. The central bank has made two 0.25 per cent cuts to its key interest rate so far, with the last one on March 12 bringing the rate to 2.75 per cent. That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods and Canada retaliated with counter-tariffs.
Ontario Trillium Benefit payments coming next week

2 months ago | dailyhive.com | Imaan Sheikh

Apr 1 2025, 5:55 pmKrakenimages.com/ShutterstockGood news for people living in Ontario: your monthly Ontario Trillium Benefit (OTB) payment will arrive soon. Many residents will see an OTB deposit in their accounts in just over a week, on April 10. This benefit is usually paid out on the 10th of each month unless there’s a bank holiday or weekend, in which case, payments are issued on the last working day before the 10th. Ontario Trillium Benefit: Are you eligible?
Bank of Canada lowers rate to 2.75% in second cut of the year

Mar 12, 2025 | dailyhive.com | Imaan Sheikh

The Bank of Canada (BoC) made another 0.25 per cent cut to its key interest rate on Wednesday, March 12, bringing it to 2.75 per cent. “The Canadian economy entered 2025 in a solid position, with inflation close to the 2 per cent target and robust GDP growth. However, heightened trade tensions and tariffs imposed by the United States will likely slow the pace of economic activity and increase inflationary pressures in Canada.
What to expect from the Bank of Canada rate update next week

Mar 6, 2025 | dailyhive.com | Imaan Sheikh

The Bank of Canada (BoC) brought its key interest rate down by 0.25 per cent to three per cent in 2025’s first update in January. At the time, 25 per cent tariffs from the U.S. were a threat, and expert speculation took them into account. The tariffs became a reality earlier this week. Days into tariffs taking effect, U.S. officials hinted at pausing tariffs for another month and removing certain agricultural products from the list of tariffed items.
Canadians can get over $1,200 extra in EI payments this year

Jan 30, 2025 | dailyhive.com | Imaan Sheikh

Canadians eligible for Employment Insurance (EI) will get a higher maximum and pay lower premiums in 2025. As Canadians struggle with record unemployment during a cost-of-living and housing crisis, the federal EI program helps many stay afloat. Unemployed workers looking for work or taking time to upgrade their skills are given temporary income support under the EI program. However, other workers who take time off due to certain life events are also eligible for special benefits.
What to expect from 2025's first Bank of Canada interest rate update | Urbanized

Jan 23, 2025 | dailyhive.com | Imaan Sheikh

Canadians are awaiting the first interest rate update of the year, and all eyes are on the Bank of Canada (BoC). The final major rate cut of 2024 came on December 11, when the BoC lowered its key interest rate from 3.75% to 3.25%. Experts had predicted a 0.25% interest rate cut, but that changed after Canada’s unemployment rate rose to 6.8% — a nearly eight-year high if you exclude the peak pandemic years of 2020 and 2021. The next BoC announcement is scheduled for January 29.
How to keep up with Bank of Canada rate updates in 2025

Jan 7, 2025 | dailyhive.com | Imaan Sheikh

Jan 7 2025, 2:57 pmPrimestock Photography/ShutterstockLast month, the Bank of Canada lowered its key interest rate from 3.75% to 3.25% in its fifth and final major announcement of the year. Experts had predicted a 0.25% interest rate cut, but that changed after Canadaâ€™s unemployment rate rose to 6.8% â€” a nearly eight-year high if you exclude the peak pandemic years of 2020 and 2021.
What to expect from the Bank of Canada update next week

Dec 6, 2024 | dailyhive.com | Imaan Sheikh

The Bank of Canada (BoC) made a jumbo-sized cut in October, lowering the policy interest rate from 4.25% to 3.75%. Such a low has not been seen since December 2022. Now, another potentially large cut is expected on December 11. It will be the BoC’s fifth and final interest rate update this year.