Asian Tribune Your Multilingual Newspaper covering World and local news News
Calgary restaurant owners say they are being forced to hike up their menu prices and cut staff hours due to rising food and material costs. Since the start of the war in Ukraine, the cost of living has soared for millions across the globe — and Calgary’s food service industry is …
Read More »Inflation, rising fees are pricing families, kids out of organized sports
Mohammed Hussain’s three children are all in organized sports. His 14-year-old daughter and two sons, aged 12 and eight, are on hockey teams, and he is upfront about how expensive that can be. “It takes a chunk out of your paycheque,” the Edmonton man said. “We feel a punch with the …
Read More »Summer of labour unrest expected as inflation soars and contracts run out
Canada could face a summer of strikes and other labour disruptions as workers demand cost-of-living increases and better conditions than those seen throughout the past two years of the pandemic, say union officials and other observers. Hundreds of thousands of health and education workers are among those whose unions and employers …
Read More »How phone scam victims can get their money back; Inflation hits new peak: CBC’s Marketplace Cheat Sheet
Miss something this week? Don’t panic. CBC’s Marketplace has rounded up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Are you the victim of a phone scam? You might be able to get your money back — but time is running out If you …
Read More »What Doug Ford’s new cabinet faces: inflation, housing crisis, union talks
Ontario Premier Doug Ford will unveil his new cabinet on Friday morning in what is forecast to be glorious sunshine outside of Queen’s Park. But after that, stormy economic and political weather looms for Ford’s second-term government. Ontario confronts the highest rate of inflation in nearly 40 years, an economic …
Read More »As Canadian price rises hit 7.7%, could inflation be reaching its peak?
If there is anything we’ve learned over the past year it’s that central banks are pretty bad at predicting inflation. Which may be a reason for hope. When Bank of Canada Senior Deputy Governor Carolyn Rogers warned on Wednesday — the same day Statistics Canada inflation data shocked nearly everyone with a …
Read More »Canada’s inflation rate now at 7.7% — its highest point since 1983
Canada’s inflation rate rose at its fastest pace in almost 40 years in the year up to May, as the price of just about everything continues to go up fast. Statistics Canada reported Wednesday that an uptick in the price of gasoline was a major factor causing the overall inflation …
Read More »Chrystia Freeland to deliver major speech on economy, inflation today
Deputy Prime Minister and Finance Minister Chrystia Freeland will deliver her first major speech since the budget today to outline the programs her government has introduced to deal with rising inflation. “The deputy prime minister’s address will focus on the global challenge of inflation and the real, tangible steps that …
Read More »The Liberals could do more to tackle inflation — but that’s now a question for the fall
On Tuesday, as the inflation debate that consumed question period this spring ground on for another day, interim Conservative leader Candice Bergen and Finance Minister Chrystia Freeland got into an argument over which of them was “out of touch.” Brandishing a new survey that suggests a quarter of Canadians have been …
Read More »‘A tsunami of cost increases’: Nova Scotia farmers struggle with skyrocketing inflation
As Tim Marsh looks over the fields in front of his farmhouse in Nova Scotia’s Annapolis Valley, he worries about what the future holds for his industry. Marsh said input costs in the last six months have been unprecedented, with agricultural necessities like diesel, fertilizer, and herbicides costing exponentially more than …
Read More »