Inflation
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Gas prices drove inflation up to 3.1% in September, says StatCanThe annual pace of inflation rose to 3.1 per cent in September as war in the Middle East continued to drive up gas prices, Statistics Canada said Monday.ConsumerOct 19
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Food prices may rise soon as diesel ‘shock’ bleeds through economy: reportCanadians could wind up with a bigger grocery bill in the coming months as a major price "shock" for diesel and crude oil works its way through supply chains, Scotiabank says.ConsumerOct 5
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Costco sees sales jump 11% and more customers eyeing ‘lower cost protein’Costco's latest quarterly earnings report, released late Thursday, showed a jump in sales from a year earlier as the company describes consumers looking to stretch their dollars.ConsumerSep 25
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Edmonton bagel shop pulls popular item from menu due to high beef pricesConcordia University food economics professor Moshe Lander says inflation has caused some foods to double in price in a generation, while income hasn't kept pace.ConsumerSep 24
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Ontario farmers looking for help amid record diesel costsFarmers say they have been struggling this year as the price of diesel skyrocketed after the Iran war disrupted oil supplies, with effects felt around the world.EconomySep 22
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Fighting inflation likely to be ‘painful,’ U.S. Fed official saysThe Fed generally fights inflation by raising interest rates to cool borrowing and spending. Historically, such rate hikes have often slowed growth and have even led to recessions.EconomySep 21
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Inflation stayed at 3% in August as travel costs soared, says StatCanConsumer inflation held steady at three per cent last month compared to a year earlier as higher rent and travel costs offset a slowdown in rising prices for gas and groceries.ConsumerSep 14
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U.S. inflation topped 3.4 per cent boosting odds of interest rate hikesU.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges among American voters.U.S. NewsSep 11
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Consumer inflation ticked up to 3% in July, Statistics Canada saysConsumer inflation rose in July as gas prices increased, according to Statistics Canada, with the consumer price index ticking up from June.EconomyAug 17
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U.S. Fed holds interest rate despite some dissents as inflation persistsThe Fed’s rate-setting committee reached its decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.U.S. NewsJul 29
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