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As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say headwinds in the “last mile” of the inflation fight will serve as a final hurdle before rate cuts can begin. Inflation has cooled significantly from highs of 8.1 per cent …
Read More »Inflation’s hit to consumer spending power means retailers may refocus on the low end
When the Hudson’s Bay Co. announced last week that it was jolting Zellers back from the dead, many former shoppers were moved to share fond memories of the discount chain. From old-fashioned Coke bottles to retro kitchen products, retailers know that nostalgia can sell. To the extent that some Canadians find themselves yearning …
Read More »Inflation’s bite is big. Alberta’s capacity to help is bigger
This column is an opinion by Trevor Tombe, a University of Calgary economist. For more information about CBC’s Opinion section, please see the FAQ. Inflation is high — not just in Alberta and Canada, but throughout the world. It reached its highest rate since 1983 this May, when Statistics Canada found average consumer prices were 7.7 …
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