inflation

A view of The Bank of England in London, Thursday, Sept. 22, 2022. Britain’s central bank is under pressure to make another big interest rate hike Thursday. Inflation in the United Kingdom is outpacing other major economies, but the U.S. Federal Reserve and other banks are moving faster to get prices under control. (AP Photo/Kirsty Wigglesworth)

Central banks worldwide tighten policies to cool inflation

Banks from the UK to Papan are following US lead on interest hikes

 

A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food inflation remains stubbornly high in Canada as grocery prices climbed at the fastest clip in more than four decades last month. THE CANADIAN PRESS/Darryl Dyck

Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981

As overall inflation moderated in August, cost of food rose 10.8 per cent compared to a year ago

 

The Peace Tower is seen through leaves in a tree on Parliament Hill in Ottawa on Oct. 23, 2019. The Liberals are signalling their fall priority will be on help for Canada’s most vulnerable as the House of Commons resumes sitting today. But all eyes are going to be looking to see if sparks fly between Prime Minister Justin Trudeau and new Conservative Leader Pierre Poilievre. THE CANADIAN PRESS/Sean Kilpatrick

Liberals move bills on GST benefits, dental care as Parliament resumes

Pierre Poilievre makes his debut in the Opposition leader’s chair

 

A server brings food to a table as people dine at a restaurant in Vancouver, on Tuesday, September 21, 2021. Tipping fatigue is hitting consumers as requests for gratuities increase and spread to new businesses amid the rise of automated payment machines and preset tip suggestions. THE CANADIAN PRESS/Darryl Dyck
A server brings food to a table as people dine at a restaurant in Vancouver, on Tuesday, September 21, 2021. Tipping fatigue is hitting consumers as requests for gratuities increase and spread to new businesses amid the rise of automated payment machines and preset tip suggestions. THE CANADIAN PRESS/Darryl Dyck
A person walks by a row of houses in Toronto on Tuesday July 12, 2022. The federal government’s newly announced inflation relief for low-income Canadians through the goods and services tax rebate stacks up as better policy than some of the cash payments issued by provinces, economists say.THE CANADIAN PRESS/Cole Burston

Temporary boost to GST rebate appropriate amid high inflation: economists

Analyst says a permanent change in how indexation is calculated is necessary

A person walks by a row of houses in Toronto on Tuesday July 12, 2022. The federal government’s newly announced inflation relief for low-income Canadians through the goods and services tax rebate stacks up as better policy than some of the cash payments issued by provinces, economists say.THE CANADIAN PRESS/Cole Burston
Prime Minister Justin Trudeau delivers a speech during the Liberal summer caucus retreat in St. Andrews, N.B., Monday, Sept. 12, 2022. Trudeau today will unveil the full details of a plan to try and take some of the sting out of inflation for Canadians feeling it the most. THE CANADIAN PRESS/Darren Calabrese

Feds to announce details of cost-of-living help for low, modest-income Canadians

Doubled GST benefit, temporary dental care for some, $500 payment for low-income renters coming

Prime Minister Justin Trudeau delivers a speech during the Liberal summer caucus retreat in St. Andrews, N.B., Monday, Sept. 12, 2022. Trudeau today will unveil the full details of a plan to try and take some of the sting out of inflation for Canadians feeling it the most. THE CANADIAN PRESS/Darren Calabrese
Prime Minister Justin Trudeau walks back to the meeting room after a break during the second day of a Liberal cabinet retreat in Vancouver on Wednesday, Sept. 7, 2022. The federal government intends to temporarily hike GST rebate cheques in a bid to ease some of the hurt of inflation for lower income Canadians. THE CANADIAN PRESS/Darryl Dyck

Liberals plan cost-of-living help, but delay announcement due to Queen’s death

GST rebate increase, rental assistance, first part of a national dental care plan coming

Prime Minister Justin Trudeau walks back to the meeting room after a break during the second day of a Liberal cabinet retreat in Vancouver on Wednesday, Sept. 7, 2022. The federal government intends to temporarily hike GST rebate cheques in a bid to ease some of the hurt of inflation for lower income Canadians. THE CANADIAN PRESS/Darryl Dyck
(Black Press Media Creative)

Province takes aim at cost of living with 2% rent cap, increased tax benefits

75 per cent of B.C. families will receive larger financial boost, says finance minister

(Black Press Media Creative)
The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher

Expected lift brings the bank’s key rate target to 3.25 per cent

The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. 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)

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
The Professional Employees Association delivered 72-hour strike notice on Aug. 17. If a deal can’t be reached by Aug. 20, the union will go on strike. (PEA photo)

B.C. Professional Employees Association issues strike notice, calls for inflation protection

The PEA represents 1,200 licensed professionals working in the public service

The Professional Employees Association delivered 72-hour strike notice on Aug. 17. If a deal can’t be reached by Aug. 20, the union will go on strike. (PEA photo)
People shop for produce and seafood at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. THE CANADIAN PRESS/Darryl Dyck

As inflation stays hot across Canada, here’s a look at how much some items cost

As food costs skyrocket, some other household products and services are not following suit

People shop for produce and seafood at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. THE CANADIAN PRESS/Darryl Dyck
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)
Carlyne St Jules and her children (left to right) Jonah, 7, Savior, 2, and Sophia, 10 are shown in Montreal, Saturday, July 30, 2022. Inflation may force St Jules to cut short her family vacation this year. THE CANADIAN PRESS/Christopher Reynolds

‘The most expensive part of your years’: Parents feel inflation’s squeeze

Parents concerned about being able to afford opportunities for their kids

Carlyne St Jules and her children (left to right) Jonah, 7, Savior, 2, and Sophia, 10 are shown in Montreal, Saturday, July 30, 2022. Inflation may force St Jules to cut short her family vacation this year. THE CANADIAN PRESS/Christopher Reynolds
People purchase ice cream from one of Meedo Falou’s Rainbow Ice Cream trucks, in Tsawwassen, B.C., on Monday, August 1, 2022. Much of Canada has been sweltering, but that’s cold comfort for ice cream truck vendors like Falou, who says inflation and high fuel costs are melting away his profits. THE CANADIAN PRESS/Darryl Dyck

VIDEO: B.C. ice cream truck operator says inflation is chilling business, despite summer swelter

Rainbow Ice Cream owner says cost of sweet treat has gone up 60 per cent

People purchase ice cream from one of Meedo Falou’s Rainbow Ice Cream trucks, in Tsawwassen, B.C., on Monday, August 1, 2022. Much of Canada has been sweltering, but that’s cold comfort for ice cream truck vendors like Falou, who says inflation and high fuel costs are melting away his profits. THE CANADIAN PRESS/Darryl Dyck
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
Hannah Sullivan Facknitz poses for a photograph in Vancouver, on Thursday, July 7, 2022. Students are finding their dollar doesn’t go as far when covering rising tuition, housing and food costs, while buying books and basics is more expensive than before. Many of the current prices are the most expensive they’ve ever encountered. THE CANADIAN PRESS/Darryl Dyck

‘Surviving just by the skin of my teeth’: Students face high inflation for first time

39-year high inflation is something most in university have never had to deal with

Hannah Sullivan Facknitz poses for a photograph in Vancouver, on Thursday, July 7, 2022. Students are finding their dollar doesn’t go as far when covering rising tuition, housing and food costs, while buying books and basics is more expensive than before. Many of the current prices are the most expensive they’ve ever encountered. THE CANADIAN PRESS/Darryl Dyck