Skip to content
MarketsCrypto Briefing

Canadian wage growth slows in October, below forecast

By Estefano Gomez

The slowdown in Canadian wage growth may lead the Bank of Canada to maintain interest rates, affecting economic and market expectations. The post Canadian wage growth slows in October, below forecast appeared first on Crypto Briefing.

Read Original Article

Explained in this story

Interest rate

The price of borrowing money, expressed as a percentage of the amount borrowed. A central bank sets a benchmark rate that other rates follow.

It decides how much people pay on loans and mortgages and how much savers earn, and it is the main tool for fighting inflation.

More about Interest rate
Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

More about Cryptocurrency

More in Markets

From the blog