inflation

Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. A person is silhouetted as people shop for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. THE CANADIAN PRESS/Darryl Dyck

Inflation likely gained pace in August, economists expect, reversing progress

Latest consumer price index report to be released Tuesday

 

Workers hold signs at a picket line outside a Metro grocery store in Toronto as workers rejected a tentative deal triggering a strike of nearly 3,700 grocery store workers in the Greater Toronto Area, Saturday, July 29, 2023. It was Samantha Henry’s first time on strike, and one that made headlines across the country. THE CANADIAN PRESS/Cole Burston

Canadians more supportive of striking workers amid inflation, corporate profits

Union support not tracked in Canada, but experts noticing more public sympathy

 

NDP Leader Jagmeet Singh speaks in the foyer prior to question period in the House of Commons on Parliament Hill in Ottawa on Monday, April 17, 2023. Singh says Pierre Poilievre’s criticisms of the CBC amount to an attack on Canadian culture by the Conservative leader — and Quebec and francophone culture, in particular. THE CANADIAN PRESS/Sean Kilpatrick

While ‘richest CEOs are driving up the prices,’ Singh wants legislation to combat corporate greed

NDP says legislation would be similar to United State’s Tax Excessive CEOs Pay Act

 

Kashish Hukku Jani is seen in Vancouver, on Monday, Sept. 26, 2022. Jani, 22, a fourth-year communication design student at Emily Carr University, said skyrocketing living costs make it hard to focus on her studies. THE CANADIAN PRESS/Jonathan Hayward

Inflation hits international students hard, with some turning to food banks

One Vancouver food bank said three-quarters of the students it aids were from overseas

Kashish Hukku Jani is seen in Vancouver, on Monday, Sept. 26, 2022. Jani, 22, a fourth-year communication design student at Emily Carr University, said skyrocketing living costs make it hard to focus on her studies. THE CANADIAN PRESS/Jonathan Hayward
Shoppers shop at a grocery store in Glenview, Ill., Monday, July 4, 2022. U.S. demand for grocery delivery is cooling as food prices rise. Some shoppers are shifting to less expensive grocery pickup, while others are returning to the store. (AP Photo/Nam Y. Huh)

80% of Canadians have been trimming spending amid increased inflation: poll

Four-in-five Canadians said grocery stores are taking advantage of inflation to increase profits

Shoppers shop at a grocery store in Glenview, Ill., Monday, July 4, 2022. U.S. demand for grocery delivery is cooling as food prices rise. Some shoppers are shifting to less expensive grocery pickup, while others are returning to the store. (AP Photo/Nam Y. Huh)
Canadian banks will give some insight into where they see the economy going when they start to report this week, with analysts watching for trends in key indicators like loan growth, capital raising, and how much banks are putting aside in case loans go sour. The Bay Street Financial District is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

Canadian banks to report earnings amid rising interest rate environment

Analysts predicting growth in some areas, drop in others

Canadian banks will give some insight into where they see the economy going when they start to report this week, with analysts watching for trends in key indicators like loan growth, capital raising, and how much banks are putting aside in case loans go sour. The Bay Street Financial District is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette
Gas prices are displayed in Carleton Place, Ont., on May 17, 2022. Statistics Canada will release its July reading of the consumer price index this morning. Economists are expecting inflation already peaked given the significant decline in gas prices since June. RBC is forecasting the year-over-year inflation rate fell from 8.1 per cent in June to 7.7 per cent in July. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s inflation rate slows to 7.6% in July as gas prices fall

Average hourly wages rose by 5.2 per cent in July compared with a year ago

Gas prices are displayed in Carleton Place, Ont., on May 17, 2022. Statistics Canada will release its July reading of the consumer price index this morning. Economists are expecting inflation already peaked given the significant decline in gas prices since June. RBC is forecasting the year-over-year inflation rate fell from 8.1 per cent in June to 7.7 per cent in July. THE CANADIAN PRESS/Sean Kilpatrick
Shoppers shop at a grocery store in Glenview, Ill., Monday, July 4, 2022. U.S. demand for grocery delivery is cooling as food prices rise. Some shoppers are shifting to less expensive grocery pickup, while others are returning to the store. (AP Photo/Nam Y. Huh)

Demand for grocery delivery cools as food costs rise

More shoppers opting for curbside pickup or in-person purchases now

Shoppers shop at a grocery store in Glenview, Ill., Monday, July 4, 2022. U.S. demand for grocery delivery is cooling as food prices rise. Some shoppers are shifting to less expensive grocery pickup, while others are returning to the store. (AP Photo/Nam Y. Huh)
Bank buildings are photographed in Toronto’s financial district on June 27, 2018. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because deposit interest rates, still largely languishing at around one per cent, haven’t kept up. THE CANADIAN PRESS/Tijana Martin

Canadians’ savings are slowly dripping away as deposit interest lags far behind inflation

“They will lose money. The value of their savings is decreasing.”

Bank buildings are photographed in Toronto’s financial district on June 27, 2018. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because deposit interest rates, still largely languishing at around one per cent, haven’t kept up. THE CANADIAN PRESS/Tijana Martin
Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on Friday, March 8, 2019. THE CANADIAN PRESS/Justin Tang

Canadian inflation may have peaked in June as gas prices soared: economists

Economist says the numbers last month were actually lower than expected

Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown on Friday, March 8, 2019. THE CANADIAN PRESS/Justin Tang
A man pumps gas in Montreal, Friday, March 4, 2022. Statistics Canada will release consumer price index data for June on Wednesday, a week after the Bank of Canada raised its key interest rate by a full percentage point as it continues its battle against high inflation.THE CANADIAN PRESS/Graham Hughes

Economists predict inflation climbed even higher in June amid ‘reopening effect’

Statistics Canada set to release latest inflation data on July 20

A man pumps gas in Montreal, Friday, March 4, 2022. Statistics Canada will release consumer price index data for June on Wednesday, a week after the Bank of Canada raised its key interest rate by a full percentage point as it continues its battle against high inflation.THE CANADIAN PRESS/Graham Hughes
A shopper wipes down a handle as they select a cart at an Ikea furniture store in Ottawa, Tuesday, May 31, 2022. Canadian retailers are struggling with higher shipping costs as couriers tack hefty fuel surcharges onto shipping rates to recoup record gas prices. THE CANADIAN PRESS/Justin Tang

Canadian retailers grapple with soaring fuel surcharges to ship online orders

Extra charge topping 40 per cent for some carriers

A shopper wipes down a handle as they select a cart at an Ikea furniture store in Ottawa, Tuesday, May 31, 2022. Canadian retailers are struggling with higher shipping costs as couriers tack hefty fuel surcharges onto shipping rates to recoup record gas prices. THE CANADIAN PRESS/Justin Tang
FILE - Cars line up for gas at a gas station in Martinez, Calif., on Sept. 21, 1973. An unhappy confluence of events has economists reaching back to the days of disco and the bleak high-inflation, high-unemployment economy of nearly a half century ago. No one thinks stagflation is in sight. But as a longer-term threat, it can no longer be dismissed.(AP Photo/File)

Worry about stagflation, a flashback to ’70s, begins to grow

Fears arise that high inflation, weak job market could combine in a toxic brew not seen in decades

FILE - Cars line up for gas at a gas station in Martinez, Calif., on Sept. 21, 1973. An unhappy confluence of events has economists reaching back to the days of disco and the bleak high-inflation, high-unemployment economy of nearly a half century ago. No one thinks stagflation is in sight. But as a longer-term threat, it can no longer be dismissed.(AP Photo/File)
Two boxes of Kleenex tissues are displayed in Ann Arbor, Mich., on Wednesday, May 25, 2022. (AP Photo/Dee-Ann Durbin)

‘Shrinkflation’: No, you’re not imagining it, package sizes are shrinking

Issue not new, but proliferates in times of high inflation as companies grapple with rising costs

Two boxes of Kleenex tissues are displayed in Ann Arbor, Mich., on Wednesday, May 25, 2022. (AP Photo/Dee-Ann Durbin)
A sign at a gas station displays the price of a litre of regular grade gasoline after it reached a new high of $2.28 in Vancouver on Saturday, May 14, 2022. Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre.THE CANADIAN PRESS/Darryl Dyck

Average price for gasoline in Canada tops $2 a litre for first time

Gasoline prices are showing no signs of letting up as the average…

A sign at a gas station displays the price of a litre of regular grade gasoline after it reached a new high of $2.28 in Vancouver on Saturday, May 14, 2022. Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre.THE CANADIAN PRESS/Darryl Dyck
A gas station sign is seen in front of a wall mural as gas prices surpass $2.00 per litre, Monday, May 9, 2022 in Montreal.THE CANADIAN PRESS/Ryan Remiorz

Surging gas prices compound inflation’s toll on Canadians, hurt consumer sentiment

Inflationary domino effect sees gas prices raising shipping costs, which then hike price of goods

A gas station sign is seen in front of a wall mural as gas prices surpass $2.00 per litre, Monday, May 9, 2022 in Montreal.THE CANADIAN PRESS/Ryan Remiorz
Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance, in Ottawa on Monday, April 25, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Key interest rate could soon go up another half point, central bank says

‘The economy needs higher rates and can handle them’

Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance, in Ottawa on Monday, April 25, 2022. THE CANADIAN PRESS/Sean Kilpatrick
A loonie is pictured in Vancouver on April, 2014.THE CANADIAN PRESS/Jonathan Hayward

Inflation picks up steam in March to hit 6.7% amid war in Europe, supply chain woes

Highest reading since inflation hit 6.9 per cent in January 1991 when the GST was introduced

A loonie is pictured in Vancouver on April, 2014.THE CANADIAN PRESS/Jonathan Hayward
Prime Minister Justin Trudeau discusses the budget with Bruno Johnson, right of Trudeau, his wife Catherine Pilote, left, Alexe Vigneault-Pinard, far right, and Simon Vervaet, right, on Wednesday, April 13, 2022, in Laval, Que. THE CANADIAN PRESS/Ryan Remiorz

Trudeau says budget measures will help Canadians weather Bank of Canada rate hike

PM: ‘We put forward a plan to address the housing crisis that too many families are living through’

Prime Minister Justin Trudeau discusses the budget with Bruno Johnson, right of Trudeau, his wife Catherine Pilote, left, Alexe Vigneault-Pinard, far right, and Simon Vervaet, right, on Wednesday, April 13, 2022, in Laval, Que. THE CANADIAN PRESS/Ryan Remiorz
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada raises key interest rate by 0.5%, biggest hike in 20 years

Jump implemented in attempt to battle rising inflation

The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
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