inflation

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
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 Canadian dollar coin is pictured in North Vancouver, B.C. Wednesday, May 29, 2019. The loonie hit a 20-month low today, one day after the Bank of Canada announced its largest interest rate hike since 1998. THE CANADIAN PRESS/Jonathan Hayward

Bank of Canada rate hike contributes to loonie falling to a 20-month low

Canadian dollar dropped to a low of 75.62 cents US

A Canadian dollar coin is pictured in North Vancouver, B.C. Wednesday, May 29, 2019. The loonie hit a 20-month low today, one day after the Bank of Canada announced its largest interest rate hike since 1998. THE CANADIAN PRESS/Jonathan Hayward
Bank of Canada Governor Tiff Macklem speaks at a press conference in Ottawa on Thursday, June 9, 2022. THE CANADIAN PRESS/ Patrick Doyle

Bank of Canada hikes key interest rate by full percentage point

Inflation hit a 39-year-high of 7.7 per cent in May

Bank of Canada Governor Tiff Macklem speaks at a press conference in Ottawa on Thursday, June 9, 2022. THE CANADIAN PRESS/ Patrick Doyle
Deputy Prime Minister and Minister of Finance Chrystia Freeland rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, June 23, 2022. THE CANADIAN PRESS/Justin Tang

Surging energy prices harmful to families, should drive green transition: Freeland

Deputy PM says transitioning from fossil fuels is an “insurance policy” against higher energy prices

Deputy Prime Minister and Minister of Finance Chrystia Freeland rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, June 23, 2022. THE CANADIAN PRESS/Justin Tang
Median price change of all property types by municipality (HouseSigma)

Metro Vancouver median home prices down 13.5% since February, report finds

Home prices in Metro Vancouver continue to fall as interest rates rise

Median price change of all property types by municipality (HouseSigma)
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
(Courtesy photo)

Child hunger a major concern as Canadians hit by soaring food prices

About a third of people who rely on Canadian food banks are children

(Courtesy photo)
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)
Gas hit the listed price of $2.19.9 at one Vernon service station on 25th Avenue at 43rd Street Thursday, June 2. (Roger Knox/Morning Star).

Strategic support for B.C. residents needed as central bank works on inflation: experts

Economist says to expect food prices to stay high for another year

Gas hit the listed price of $2.19.9 at one Vernon service station on 25th Avenue at 43rd Street Thursday, June 2. (Roger Knox/Morning Star).
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)
The price of a Big Mac is used to gauge countries’ purchase power parity due to its widespread distribution. (Courtesy of HelloSafe)

Inflation driving up the cost of Big Macs across the globe

Burger index used as gauge of countries’ purchase power parity

The price of a Big Mac is used to gauge countries’ purchase power parity due to its widespread distribution. (Courtesy of HelloSafe)
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
Canadians under the age of 35 are more concerned than their Boomer and Gen X counterparts about their financial stability with the rising interest rates. (THE CANADIAN PRESS/AP/Elise Amendola, file)

Younger Canadians more worried than others as inflation reaches 30-year high

Millennials, Gen Z early in careers, haven’t weathered other financial storms

Canadians under the age of 35 are more concerned than their Boomer and Gen X counterparts about their financial stability with the rising interest rates. (THE CANADIAN PRESS/AP/Elise Amendola, file)