Asian Tribune Your Multilingual Newspaper covering World and local news News
By Staff The Canadian Press Posted August 30, 2024 9:38 am 1 min read Descrease article font size Increase article font size The economy grew at an annualized rate of 2.1 per cent in the second quarter — beating the Bank of Canada’s forecast — but continued to shrink on …
Read More »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 …
Read More »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 …
Read More »Competition policy becoming a ‘kitchen-table issue’ for Canadians amid inflation – National
As Canadians grow more concerned about rising inflation, competition across different sectors of the economy has become a “kitchen-table issue” at a time when the federal government is reviewing its competition law. The country’s two largest newspaper chains, Postmedia and the owners of the Toronto Star, recently confirmed talks about …
Read More »Does high government spending fuel inflation? Economists says ‘it’s more complicated’ – National
Conservative Leader Pierre Poilievre’s attempt to block the federal government’s budget bill from passing earlier this month is the latest example of government spending coming under scrutiny amid high inflation. And while most fiscal experts agree that government spending can fuel inflation, economic research suggests the link between the two …
Read More »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 …
Read More »As food prices soar, grocery code of conduct for stores nears completion – National
An industry group set up to hammer out a Canadian grocery code of conduct is getting closer to a final document, even as the way they will enforce its terms remains unclear. A new working draft of the grocery code viewed by The Canadian Press and verified by two grocery …
Read More »What to expect from budget 2023 as ‘storm clouds’ gather over Canada’s economy – National
Canada’s Liberal government is in a tight spot heading into the 2023 federal budget. A year of surging prices and rising interest rates has put fresh stress on Canadian households struggling to make ends meet. Landmark investments in the green transition from the United States have turned up the heat …
Read More »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 …
Read More »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 …
Read More »