Inflation Increase Slows For The First Time In A Year
According to a Consumer Price Index report released by Statistics Canada, the national rate of inflation fell to 7.6 percent in July, after an 8.1 percent gain in June.
Inflation
Inflation Pinching Canadians’ Summer Plans
A new survey from CIBC found 80 percent of respondents were concerned with the impact inflation will have on their summer plans.
Small Business Confidence Falls For Fourth Straight Month
CFIB’s latest Business Barometer shows the three-month confidence index fell by nearly eight points in July, while the 12-month index fell by nearly seven points.
Inflation On Food Prices Is Driving People To Dollar Stores
Sylvain Charlebois, the ‘food professor’ and senior director of the Agri-Food Analytics Lab at Dalhousie University, says discount stores offset high grocery prices.
Rising Interest Rates And Inflation Forcing Atlantic Canadians To Make Tough Decisions
MNP report shows that people are cutting back on non-essential purchases, such as travelling, dining out, and entertainment, while many are buying cheaper versions of everyday purchases.
Money And Influence: Stabilizing Our Economy For Recovery
Opinion: The current levels of inflation we are seeing are eroding the purchasing power of consumers, increasing the cost of doing business, and furthering inequality within society. It is imperative the Bank of Canada gets its next steps right.
Bank Of Canada Interest Rate Jumps To 2.5%
Higher interest rates will help slow demand, allowing supply to catch up and price pressures to ease, says Bank of Canada Governor Tiff Macklem. The central bank’s goal is to bring inflation back to the two percent target.
Job Gains Slow Nationally As Wages Struggle To Catch Inflation
StatsCan says the modest decline in unemployment comes as fewer people look for work, almost entirely in the 55-and-older age bracket.
Inflation Up By 8.8 Percent In Nova Scotia And New Brunswick
Canada’s inflation rate skyrocketed to a nearly 40-year high of 7.7 percent during the month of May but basic costs rose even higher in the Maritimes.
Ottawa Unveils $8.9-Billion Plan To Tackle Inflation
The measures are all designed to provide more money and benefits to Canadians who would struggle to meet daily needs because of the rising cost of living.
