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Tag Archives: Canada inflation

Inflation, flight delays impacting summer holiday plans for Canadians: poll – National

A third of Canadians have changed or cancelled their vacation plans due to inflation, according to a new survey by Leger. Of those who have changed their vacation plans, 46 per cent are also cutting back on dining out, found the July survey of 1,526 Canadians. Inflation slowed to 2.8 …

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Inflation dropped below 3% in June, entering Bank of Canada target range – National

Descrease article font size Increase article font size The annual rate of inflation cooled to 2.8 per cent in June, marking a milestone in the Bank of Canada’s efforts to fight raging price pressures. Statistics Canada said Tuesday that the slowdown in prices was “broad-based” but attributed most of the …

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Canada leading most countries in retail sales. Why is spending so high? – National

Retail sales growth in Canada is continuing to outperform much of the world so far this year, a sign of the ongoing resiliency of Canadian shoppers despite higher inflation and recession predictions, a new report has found. The Colliers 2023 Retail Outlook said consumers are still spending, even though retail …

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Housing upturn could delay a shift by Bank of Canada to cut rates. What to know – National

Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said. The housing market’s upturn comes after …

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Grocery prices surged 10.6% in February even as inflation cooled overall: StatCan

The annual rate of inflation cooled to 5.2 per cent in February, Statistics Canada says, though Canadians continued to feel the pain of surging costs at grocery stores. The price of food purchased from the grocery store was up 10.6 per cent year-over-year last month, the agency said in its …

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Canadian banks set to report Q1 earnings as slowdown expected ahead – National

Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead. On the positive side are the signs of easing inflation and job reports …

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Statistics Canada set to release January inflation rate as fuel prices soared – National

Statistics Canada is set to release its reading on inflation for January Tuesday morning. The federal agency’s consumer price index report will give insight on how high prices were in January compared with a year ago, as well as the month prior. Canada’s annual inflation rate has been slowing since …

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How rising food prices make eating healthy a big-time struggle for some Canadians

2:35 Food inflation: Rising prices make eating healthy a struggle for low-income Canadians Over a six-week period, as part of the ‘Out of Pocket’ series, Global News is examining how inflation is impacting Canadians from coast to coast. Canadians are feeling the pressure at the checkout lane as grocery prices continue …

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Urban vs. rural: Food prices go up everywhere, but it’s way worse in some areas

As Canadians continue to feel the pressure of inflation, groceries are one area many are hoping prices will ease soon. Global News went to the grocery store to see how rising prices are impacting families trying to make ends meet, as part of its ongoing Out of Pocket series. The prices …

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Mother of 2 living in downtown Toronto on rising inflation: ‘I’m struggling a lot’

Over the next six weeks, as part of the ‘Out of Pocket’ series, Global News will examine how inflation is impacting Canadians from coast to coast. A Toronto mother says she left everything when she decided to move back to Canada from China with her two children. The family had …

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