By Staff The Canadian Press Posted October 17, 2023 7:22 am Decrease article font size Increase article font size Statistics Canada is set to release its September inflation reading Tuesday morning. Progress on getting inflation down has stalled in recent months as underlying price pressures remain broad in the economy. Canada’s inflation rate accelerated for …
According to a report released on Wednesday by the Agri-Food Analytics Lab at Dalhousie University, Canadians are increasingly prioritizing cheaper food options over considering the nutritional value of their groceries. This shift in shopping habits comes as a result of more than a year of high food inflation, which has made trips to the grocery …
Descrease article font size Increase article font size The annual rate of inflation picked up again in August, rising to four per cent, according to Statistics Canada. Economists had largely expected the increase, as gasoline prices pushed inflation higher. Statistics Canada attributed some of the inflation at the pumps to the base-year effect — the …
According to a recent poll conducted by Leger, it appears that almost half of the Canadian population is struggling to make ends meet, as the cost of living crisis continues to impact households. It is particularly concerning that young people are more likely to report poor financial conditions. Interestingly, the poll also suggests that the …
According to a recent report from the Bank of Canada, company profits are not the cause of the high inflation experienced by Canadians over the past two years. The report reveals that changes in corporate markups have had a limited impact on inflation, with overall inflation falling to 2.8% last month. However, core inflation remains …
The latest report from Statistics Canada reveals that while overall inflation has eased, food prices are continuing to rise, causing frustration for Canadian consumers. The Consumer Price Index for June showed an annual inflation rate of 2.8%, with food prices increasing by 9.1% year-over-year. Sylvain Charlebois, director of the Agri-Food Analytics Lab at Dalhousie University, …
Economists say that the early signs of wage growth slowing indicate that the Bank of Canada is making progress in its fight against inflation. However, it is unclear whether Canadians will be able to regain the purchasing power they lost during sustained price growth. Brendon Bernard, senior economist with job site Indeed, says that if …
A report from the Parliamentary Budget Officer (PBO) has revealed that COVID-19 supports provided a boost to Canadians’ spending power during the pandemic. Additionally, the report states that wages for higher earners have exceeded inflation. According to PBO Yves Giroux, “By the end of March 2021, the launch of, or increase in, income benefits associated …
Retail sales growth in Canada continues to surpass global markets this year, highlighting the resilience of Canadian shoppers despite inflation and recession concerns, according to a new report. The Colliers 2023 Retail Outlook reveals that consumers in Canada are still spending, although retail sales have slightly cooled compared to last year’s spike in prices and …
Canadians are facing challenges when it comes to saving for retirement, as inflation and higher interest rates are causing many to delay their retirement plans, according to a recent survey conducted by the Healthcare of Ontario Pension Plan (HOOPP). The survey reveals that Canadians of all ages are finding it increasingly difficult to save for …