Inflation
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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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Inflation cooled to 2.8% in June as gas prices fell, says StatCanConsumers paid less for gas at the pump in June compared to May, and that helped cool annual inflation to 2.8 per cent, according to Statistics Canada.EconomyJul 20
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PepsiCo blames ‘inflationary pressures’ and high gas prices for sales dropPepsiCo reported its beverage sales in North America have been falling as rising inflation and higher gas prices force consumers to keep up with the cost of living.ConsumerJul 9
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Inflation rose 3.2% as gas, food prices jump — with tomato prices up 45%Higher oil and gasoline prices pushed overall inflation in May to 3.2 per cent compared with a year ago, according to Statistics Canada.EconomyJun 22
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Dollarama sales surge over 20% amid ‘weakening’ consumer confidenceThe Montreal-based retail giant also said it may need to change its sales outlook if the Iran war drags on for the long term and results in higher operational costs.ConsumerJun 11
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Kevin Warsh sworn in as U.S. Fed chair facing inflation, policy pressuresTrump said he wanted Warsh to be 'fully independent' in his new role, but also urged him to recognize that 'growth does not mean inflation.'U.S. NewsMay 22
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Legislators squabble in Manitoba following reported rise in inflationNew numbers from Statistics Canada show Manitoba tied for the highest annual inflation rate among the provinces last month, partly driven by jumps in grocery prices and taxes.PoliticsMay 19
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Motor oil prices are on the rise, experts say. The Strait of Hormuz is whyCurrently, a barrel of West Texas intermediate crude oil is down about 87 cents to $1.08. Crude oil is down about $1.60 cents a barrel, with trading at about $110 a barrel.CanadaMay 19
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Higher gas prices pushed inflation up to 2.8% in April, says StatCanConsumer inflation surged last month to 2.8 per cent compared to a year earlier with higher gas prices being the primary driver, according to Statistics Canada.ConsumerMay 19
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