By Leika Kihara In a fresh indication of growing price pressure, a key measure of Japan’s trend inflation surged to 2.2% in October, setting a new record high. The data, revealed on Tuesday, underscores the need for the central bank to scale back its massive monetary stimulus. Recent trends point to sustained wage increases leading …
By Staff The Canadian Press Posted October 3, 2023 8:55 am Decrease article font size Increase article font size Bank of Canada deputy governor Nicolas Vincent reveals that businesses are presently more inclined to increase their prices and in larger amounts compared to the pre-pandemic period. This ongoing trend is a major contributor to the …
Stubborn inflation may not necessitate another interest rate hike, but it could result in the Bank of Canada maintaining its policy rate at a higher level for a longer duration, as indicated by new forecasts released this week. An updated economic outlook from Deloitte Canada, published on Thursday, reveals a more challenging path for gross …
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 …
Economists are warning that the recent surge in the annual rate of inflation could be a cause for concern at the Bank of Canada. According to Statistics Canada, annual inflation rose to 3.3% nationally in July, exceeding the central bank’s target range of one to three percent. This is up from June’s inflation rate of …
By Staff The Canadian Press Posted August 9, 2023 8:33 am Updated August 9, 2023 8:36 am Decrease article font size Increase article font size Metro Inc. reports a significant increase in earnings for the latest quarter, driven by higher same-store sales. In the quarter ended July 1, the grocery and drug store retailer’s net …
The policymakers of the Bank of Canada have stated that they are willing to raise their benchmark interest rate further, despite already reaching its highest level in 22 years. This decision was made earlier this month, when the policy rate was increased by 25 basis points to 5.0 percent. The central bank recently released the …
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, …
As the 2024 presidential campaign gains momentum, Joe Biden has taken to the stage, delivering speeches on “Bidenomics” and highlighting the country’s economic performance under his presidency. In normal circumstances, this would be an opportune moment for him to make such a pitch. However, we are facing unprecedented times. Unemployment has dropped to 3.6 percent, …
The rate of inflation experienced a significant drop last month, raising questions about whether the Bank of Canada will proceed with another interest rate hike in July. According to Statistics Canada, the annual inflation rate for May decreased by one percentage point to 3.4 percent. Economists had anticipated a more modest decline to 3.6 percent. …