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Canadians got a break on inflation in March as gas prices fell and a slowdown in travel to the United States helped cool airfare costs, Statistics Canada said Tuesday. The agency says the annual inflation rate was 2.3 per cent in the month, down from 2.6 per cent in February. …
Read More »Annual rate of inflation accelerates sharply to 2.6% in February as tax break ends
The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday. That marks a sizeable jump from the 1.9 per cent increase seen in January, when Canadians saw GST and HST taken …
Read More »Inflation rate rose to 1.9% in January
Business Canada’s inflation rate rose to 1.9 per cent in January, Statistics Canada said on Tuesday. First full month in which GST break was in effect, distorting prices Jenna Benchetrit · CBC News · Posted: Feb 18, 2025 8:35 AM EST | Last Updated: 33 minutes ago A fruit market is …
Read More »Canada’s inflation rate fell to 1.8% in December
Business·Breaking Canada’s inflation rate fell to 1.8 per cent in December, Statistics Canada said on Tuesday. It’s down from 1.9% in November 2024 Jenna Benchetrit · CBC News · Posted: Jan 21, 2025 8:38 AM EST | Last Updated: 11 minutes ago A customer shops at a grocery store in …
Read More »Canadians say cost of living was the top news story of 2024: poll – National
The cost of living remained top of mind for many Canadians this year, even though inflation dropped in 2024 and the Bank of Canada lowered its key interest rate several times. That issue was considered the top domestic news story in Canada by 71 per cent of Canadians, according to …
Read More »Why is inflation heating up at the grocery store again? Blame the loonie – National
A weak Canadian dollar is being blamed as a key culprit behind sticky inflation at the grocery store, a trend one expert says he expects to persist heading into the holidays. While overall inflation has moderated in recent months, settling back at the Bank of Canada’s two per cent target …
Read More »Inflation ticked up to 2% in October after previous month’s steep drop in gas prices
Canada’s inflation rate ticked up to two per cent in October, Statistics Canada said on Tuesday. The consumer price index had previously hit 1.6 per cent in September, thanks to a steep decline in gas prices. Gas prices fell again in October, although to a lesser extent — and with gasoline excluded, all-items inflation …
Read More »Butter prices soar in Russia amid surging inflation in war economy
Russian President Vladimir Putin says that Russia’s war economy is well balanced to supply both guns and butter, but the price of butter itself is now soaring as surging inflation distorts parts of the economy. The price of a block of butter has risen by 25.7 per cent since December, …
Read More »Inflation rate drops to 1.6% in September
Canada’s inflation rate fell to 1.6 per cent in September, Statistics Canada reported Tuesday, after hitting the Bank of Canada’s 2 per cent goal in August. The data agency said the numbers marked the smallest year-over-year increase to the consumer price index since February 2021. Lower gasoline prices, which fell by …
Read More »Ontario’s minimum wage will become 2nd highest in Canada after increase
Descrease article font size Increase article font size Ontario’s minimum wage will increase next month to become the second highest of all the Canadian provinces, the government says. The minimum wage will boost to $17.20 an hour on Oct. 1, up 3.9 per cent from the current rate of $16.55 …
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