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    UPDATED | Bank of Canada warns on prolonged inflation, ends bond-buying program

    The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected. The central bank said Wednesday it now forecasts that annual inflation rates will continue their upward swing through the rest of year, averaging 4.75 per cent.

    The Bank of Canada is shown in Ottawa on Wednesday, April 24, 2019. THE CANADIAN PRESS/Sean Kilpatrick

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FINANCES DURING COVID-19

New benefit for workers only intended for those in 'complete' lockdowns: Qualtrough

The federal government intends for the newly proposed lockdown benefit to apply only to individuals whose work is interrupted by a complete COVID-19 lockdown in their region. Employment, Workforce Development and Disability Inclusion Minister Carla Qualtrough said the details of the new Canada Worker Lockdown Benefit are still being ironed out, and will depend too on the public health restrictions imposed by provinces and territories.

Minister of Finance Chrystia Freeland and Minister of Employment, Workforce Development and Disability Inclusion Carla Qualtrough holds a press conference on Parliament Hill in Ottawa on Thursday, Sept. 24, 2020. THE CANADIAN PRESS/Sean Kilpatrick

As some pandemic benefits expire, feds to spend $7.4B on new programs

The federal government has announced a suite of changes to the popular income and business support programs put in place during the pandemic and set to expire on Saturday. Deputy Prime Minister and Finance Minister Chrystia Freeland reminded Canadians on Thursday that the measures were always intended to be 'temporary.'

From Pattie Lovett-Reid, Chief Financial Commentator

Pattie Lovett-Reid: Five ways to land your dream job

On CTVNews.ca, chief financial commentator Pattie Lovett-Reid writes: According to data from the Canadian Survey on Business Conditions for the third quarter of 2021, 8.3 per cent of businesses expect to have more job vacancies over the next three months.

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FILE - This Sept. 11, 2018, file photo, shows a marijuana plant at in the coastal mountain range of San Luis Obispo, Calif. New York Gov. Andrew Cuomo signed a bill Monday, July 29, 2019 that softens penalties for possessing small amounts of marijuana and allows for the expungement of some past convictions. (AP Photo/Richard Vogel, File)