inflation

Statistics Canada says food prices drove inflation lower in April, with the cost of groceries rising 1.4 per cent compared with a year ago. Beef and meat products are displayed for sale at a grocery store in Aylmer, Que., on Thursday, May 26, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Food driving inflation down, but groceries far costlier than a few years ago

Grocery prices are up 21.4% compared with three years earlier, according to Statistics Canada

 

Statistics Canada is set to release its April consumer price index report this morning. Shoppers browse product outside a shop, in Toronto, Wednesday, Jan. 27, 2021. THE CANADIAN PRESS/Frank Gunn

Canada’s inflation rate falls to 2.7%, driving up odds of June rate cut

April slowdown led by food prices, services and durable goods, according to Stats Can

 

Rising energy costs in March contributed to an uptick in B.C.’s inflation rate to 2.7 per cent, 0.2 per cent below Canada’s rate of 2.9 per cent. (THE CANADIAN PRESS/Darryl Dyck)

Higher gas prices pump up B.C.’s inflation rate slightly in March

B.C.’s 2.7 per cent rate remains below Canada’s rate of 2.9 per cent and Alberta’s of 3.5 per cent

 

Bank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, March 6, 2024. THE CANADIAN PRESS/Sean Kilpatrick

Interest rates hold steady again, Bank of Canada considers June cut

Central bank kept key interest rate at 5%, says it has begun to see conditions for a reduction

Bank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, March 6, 2024. THE CANADIAN PRESS/Sean Kilpatrick
Parliamentary budget officer Yves Giroux adjusts his glasses as he waits to appear before the Senate Committee on National Finance, Tuesday, October 17, 2023 in Ottawa. Giroux is projecting inflation will return to the Bank of Canada’s two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.THE CANADIAN PRESS/Adrian Wyld

Deficit to climb, inflation to fall back to 2% by end of 2024: PBO

Budget watchdog’s fiscal outlook predicts the first interest rate cut to come in April

Parliamentary budget officer Yves Giroux adjusts his glasses as he waits to appear before the Senate Committee on National Finance, Tuesday, October 17, 2023 in Ottawa. Giroux is projecting inflation will return to the Bank of Canada’s two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.THE CANADIAN PRESS/Adrian Wyld
Statistics Canada is set to release its January consumer price index report this morning. A shopper browses in an aisle at a grocery store In Toronto on Friday, Feb. 2, 2024. THE CANADIAN PRESS/Cole Burston

Canada’s inflation rate tumbled below 3% in January, a ‘very pleasant surprise’

Trudeau hopeful interest rates may soon follow as Bank of Canada looking for 2% inflation target

Statistics Canada is set to release its January consumer price index report this morning. A shopper browses in an aisle at a grocery store In Toronto on Friday, Feb. 2, 2024. THE CANADIAN PRESS/Cole Burston
The Bank of Canada kept its overnight lending rate at 5 per cent, but a senior economist with TD forecasts that interest rate cuts are on the horizon, which promise to ease housing costs in B.C. But B.C.’s economy is not predicted to grow as fast as the rest of the country’s. (THE CANADIAN PRESS/Sean Kilpatrick)

TD forecasts B.C.’s housing costs to ease with interest rate cuts on horizon

Bank of Canada held overnight lending rate at 5 per cent, but TD forecasts cuts in 2024

The Bank of Canada kept its overnight lending rate at 5 per cent, but a senior economist with TD forecasts that interest rate cuts are on the horizon, which promise to ease housing costs in B.C. But B.C.’s economy is not predicted to grow as fast as the rest of the country’s. (THE CANADIAN PRESS/Sean Kilpatrick)
Economists are forecasting Canada’s inflation rate likely ticked up last month, but that isn’t expected to set off alarm bells as long as underlying price pressures ease. Motorists fuel up vehicles at a Shell gas station in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

Economists expect December inflation went up, trend still points to slowdown

Prices still rising, but at slower rate, say experts

Economists are forecasting Canada’s inflation rate likely ticked up last month, but that isn’t expected to set off alarm bells as long as underlying price pressures ease. Motorists fuel up vehicles at a Shell gas station in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck
Joanne Thibault poses in front of Finest at Sea, where she works as a consultant after coming out of retirement. (Ella Matte/News Staff)

‘Horrible situation’: B.C. senior forced to unretire as costs skyrocket

Study finds more people facing uncertain retirement due to the cost of living

Joanne Thibault poses in front of Finest at Sea, where she works as a consultant after coming out of retirement. (Ella Matte/News Staff)
Bank of Canada Governor Tiff Macklem arrives for the annual meeting of federal, provincial, and territorial finance ministers in Toronto on Friday, December 15, 2023. A slowing economy is expected to lay the groundwork for interest rate cuts as early as mid-2024, which would signal a turning point in the fight against inflation. THE CANADIAN PRESS/Nathan Denette

Inflation expected lower in 2024 as more feel pinch of high interest rates

Experts say Canadians can expect some price stabilization in the new year

Bank of Canada Governor Tiff Macklem arrives for the annual meeting of federal, provincial, and territorial finance ministers in Toronto on Friday, December 15, 2023. A slowing economy is expected to lay the groundwork for interest rate cuts as early as mid-2024, which would signal a turning point in the fight against inflation. THE CANADIAN PRESS/Nathan Denette
Kelsey Findlay stands with tables of toys for a Semiahmoo Peninsula toy exchange between residents for this holiday season. (Contributed photo)

B.C. mom organizes holiday toy exchange to help parents fight inflation

Families are feeling pressure this Christmas amid rising costs, says toy swap organizer

Kelsey Findlay stands with tables of toys for a Semiahmoo Peninsula toy exchange between residents for this holiday season. (Contributed photo)
Food prices will keep rising in 2024, though at a slower pace, according to a closely followed food price report from four Canadian universities. Produce at a grocery store in Toronto on June 26. THE CANADIAN PRESS/Graeme Roy

Grocery prices will continue to climb in Canada, but not as quickly: report

University study predicts food prices will rise between 2.5 and 4.5 % next year

Food prices will keep rising in 2024, though at a slower pace, according to a closely followed food price report from four Canadian universities. Produce at a grocery store in Toronto on June 26. THE CANADIAN PRESS/Graeme Roy
Statistics Canada is expected to release its latest reading on inflation today. People shop in a grocery store in Montreal, Wednesday, Nov. 16, 2022. THE CANADIAN PRESS/Graham Hughes

Inflation dropped last month along with the cost of gasoline

Largest contributors still mortgage interest costs, food purchased from stores and rent

Statistics Canada is expected to release its latest reading on inflation today. People shop in a grocery store in Montreal, Wednesday, Nov. 16, 2022. THE CANADIAN PRESS/Graham Hughes
B.C.’s construction sector added 10,200 jobs in October as the provincial unemployment rate remained at 5.4 per cent. But available figures show. While the Thompson-Okanagan recorded the lowest unemployment rate with 3.2 per cent, the North Coast and Nechako region recorded an unemployment rate of 6.8 per cent. (Black Press Media file photo)

B.C.’s unemployment rate in October remains at 5.4%

Parts of northern and rural B.C. exceed provincial rate, while others are well below it

B.C.’s construction sector added 10,200 jobs in October as the provincial unemployment rate remained at 5.4 per cent. But available figures show. While the Thompson-Okanagan recorded the lowest unemployment rate with 3.2 per cent, the North Coast and Nechako region recorded an unemployment rate of 6.8 per cent. (Black Press Media file photo)
The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend. The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. THE CANADIAN PRESS/Sean Kilpatrick

BoC expected to hold key interest rate steady at 5% amid ‘sluggish’ economy

Bank to release latest decision on Wednesday

The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend. The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Conservative Leader Pierre Poilievre takes questions from the media during a visit to Summerhill Pyramid Winery in Kelowna on Oct. 11, 2023. (Gary Barnes/Capital News)

Inflation, crime, war: Topics for Conservative Leader Poilievre in Kelowna

Poilievre will also attend a ‘Bring It Home’ rally in Oliver, Wednesday evening

Conservative Leader Pierre Poilievre takes questions from the media during a visit to Summerhill Pyramid Winery in Kelowna on Oct. 11, 2023. (Gary Barnes/Capital News)
The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. Statistics Canada will release its latest reading on inflation this morning. The agency will publish its consumer price index for August.THE CANADIAN PRESS/Sean Kilpatrick

Price of gas drives Canadian inflation up to 4% in August

Economists widely expected this uptick, anticipate slower progress in the next few months

The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. Statistics Canada will release its latest reading on inflation this morning. The agency will publish its consumer price index for August.THE CANADIAN PRESS/Sean Kilpatrick
Galen Weston arrives for a meeting on the growing cost of food in Ottawa, Sept. 18, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Grocery bosses pledge help addressing skyrocketing food prices

Grocery CEOs meet with Canada’s federal ministers, agree to work to stabilize food prices

Galen Weston arrives for a meeting on the growing cost of food in Ottawa, Sept. 18, 2023. THE CANADIAN PRESS/Sean Kilpatrick
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

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
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

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