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The remarks come after the central bank hiked its key interest rate by half a percentage point on Wednesday, bringing it to 4.25 per cent. News Source link
Read More »As inflation persists, Canadians are forced to cut back. How are they saving? – National
It has not been an easy year for Canadians financially. Decades-high inflation and soaring interest rates have led many to take a closer look at their spending habits and, consequently, make some tough choices. On Wednesday, the Bank of Canada hiked its key interest rate for the seventh time in …
Read More »Inflation driven by profits in few sectors, including oil and gas: report – National
A new report by the Centre for Future Work found that growth in corporate profits this year compared to pre-pandemic has been concentrated in a small number of sectors where consumer prices have also risen the fastest. Report author and economist Jim Stanford analyzed the profits of the 52 business …
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