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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 »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 »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 …
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