Inflation Rate Canada

• Bank of Canada faces political pressure to hold rates. But will it matter?

  The Bank is set to make its next interest rate decision Wednesday and is widely expected to hold steady as the economy begins to buckle under the weight of higher interest rates.

  Economy

  Sep 5, 2023
  
• Metro posts massive profit as GTA workers continue to strike

  Metro says earnings surged in its latest quarter, fuelled by higher same-store sales. The third-quarter earnings come as Metro grocery store workers in the GTA continue to strike,

  Money

  Aug 9, 2023
  
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• Soaring food prices are changing the way Canadians shop for groceries

  As food prices continue to go up, a new Statistics Canada report shows that consumers are changing their grocery shopping habits for lower-cost options.

  Money

  Jul 26, 2023
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• Tired of high grocery prices? What to expect as the Black Sea grain deal ends

  Inflation at the grocery store is more than three times the overall rate of inflation in Canada. Here's what global price pressures mean for your wallet in the months ahead.

  Money

  Jul 19, 2023
• Inflation rate dropped to 3.4% in May. What that means for the Bank of Canada

  The Bank of Canada is likely to be watching the May inflation report closely. Here's what it could mean for the central bank's next interest rate decision in July.

  Money

  Jun 27, 2023
• Consumer spending holds strong as retail sales climb

  Statistics Canada says retail sales rose 1.1 per cent to $65.9 billion in April as gains at general merchandise retailers and food and beverage stores led the way higher.

  Economy

  Jun 21, 2023
• Why did the Bank of Canada hike rates? Here’s what ‘tipped the balance’

  Bank of Canada deputy governor Paul Beaudry says recent economic data suggests the risk of sticky inflation has gone up, prompting the latest interest rate hike.

  Economy

  Jun 8, 2023
• U.S. inflation cools slightly in April, but prices still elevated 

  Consumer prices in the U.S. accelerated in April after months of declines, with measures of underlying inflation suggesting that rising costs could persist for months to come.

  Economy

  May 10, 2023
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• Loblaw facing ‘outsized’ cost hikes from biggest suppliers: CFO

  Loblaw executives said Wednesday that the grocer is continuing to see 'outsized' price hikes passed on from it suppliers, particularly big multinational food brands.

  Money

  May 3, 2023
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• Bank of Canada mulled an April rate hike. What went into the decision to hold

  The Bank of Canada considered raising interest rates earlier this month, as it feared being too slow to react to sticky inflation.

  Economy

  Apr 26, 2023