inflation

Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers hold a press conference at the Bank of Canada in Ottawa, Wednesday, July 12, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Key interest rate could climb again, Bank of Canada cautions

Tiff Macklem says economy slowdown needs to continue and more measures may be needed

Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers hold a press conference at the Bank of Canada in Ottawa, Wednesday, July 12, 2023. THE CANADIAN PRESS/Sean Kilpatrick
Students await their bus on Douglas Highway Tuesday morning for the first day of the 2023-2024 school year. (Clarise Larson / Juneau Empire)

Back to school arrives with affordabilty, AI, climate change issues

Most families, however, are focused on the usual change of routines

Students await their bus on Douglas Highway Tuesday morning for the first day of the 2023-2024 school year. (Clarise Larson / Juneau Empire)
The Bank of Canada is set to announce its interest rate decision this morning along with new economic projections. The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada hikes rate to 5%, expects slower return to inflation target

The central bank’s key rate raised by a quarter of a percentage point

The Bank of Canada is set to announce its interest rate decision this morning along with new economic projections. The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. THE CANADIAN PRESS/Sean Kilpatrick
Conservative Leader Pierre Poilievre rises during Question Period, Friday, June 16, 2023, in Ottawa. Poilievre’s attempt to block the federal government’s budget bill from passing earlier this month is the latest example of how government spending has come under scrutiny amid high inflation. THE CANADIAN PRESS/Adrian Wyld

High government spending means more inflation? It’s complicated, economists say

Scrutiny on government spending is far from over as inflation remains elevated

Conservative Leader Pierre Poilievre rises during Question Period, Friday, June 16, 2023, in Ottawa. Poilievre’s attempt to block the federal government’s budget bill from passing earlier this month is the latest example of how government spending has come under scrutiny amid high inflation. THE CANADIAN PRESS/Adrian Wyld
The Bank of Canada is set to announce its interest rate decision this morning as speculation about another rate hike heats up. A woman walks past the Bank of Canada headquarters, Wednesday, June 1, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada raises key interest rate amid stubbornly high inflation

Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001

The Bank of Canada is set to announce its interest rate decision this morning as speculation about another rate hike heats up. A woman walks past the Bank of Canada headquarters, Wednesday, June 1, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Water is sprayed on the artificial turf before Switzerland and Ecuador play a FIFA Women’s World Cup soccer match at B.C. Place stadium in Vancouver, B.C., on Friday June 12, 2015. THE CANADIAN PRESS/Darryl Dyck

Vancouver Whitecaps make pitch towards families as inflation, expenses hit fans

The Vancouver Whitecaps have the fourth lowest attendance in Major League Soccer

Water is sprayed on the artificial turf before Switzerland and Ecuador play a FIFA Women’s World Cup soccer match at B.C. Place stadium in Vancouver, B.C., on Friday June 12, 2015. THE CANADIAN PRESS/Darryl Dyck
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

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
Walmart Canada CEO Gonzalo Gebara spoke before the parliamentary committee on food inflation on March 27, 2023. Customers shop for food at Walmart in Salem, N.H., Monday, June 5, 2017. THE CANADIAN PRESS/AP-Elise Amendola

Walmart Canada CEO says retailer not trying to profit from inflation

Gonzalo Gebara told MPs Walmart Canada’s gross profit rate for its food business declined last year

Walmart Canada CEO Gonzalo Gebara spoke before the parliamentary committee on food inflation on March 27, 2023. Customers shop for food at Walmart in Salem, N.H., Monday, June 5, 2017. THE CANADIAN PRESS/AP-Elise Amendola
A woman shops for produce in Vancouver, on Wednesday, July 20, 2022. Food inflation appears to be easing in Canada but experts say consumers shouldn’t expect lower prices at the grocery store. THE CANADIAN PRESS/Darryl Dyck

Food inflation in Canada shows signs of easing, but grocery prices to remain high

Prices are rising less quickly, signalling worst of grocery price hikes could be behind us

A woman shops for produce in Vancouver, on Wednesday, July 20, 2022. Food inflation appears to be easing in Canada but experts say consumers shouldn’t expect lower prices at the grocery store. THE CANADIAN PRESS/Darryl Dyck
The provincial government is touting various programs designed to fight inflation kicking in April 1. Inflation for various products including groceries remains but is dropping. THE CANADIAN PRESS/Darryl Dyck

B.C. families to see last topped up benefit payment before permanent increase in July

New B.C. Affordability Credit worth $500 million kicks in April 1 among other programs

The provincial government is touting various programs designed to fight inflation kicking in April 1. Inflation for various products including groceries remains but is dropping. THE CANADIAN PRESS/Darryl Dyck
Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Canada’s inflation rate likely took another dip last month, but with many Canadians still struggling with the cost of living, the federal government is facing pressure to deliver more help in the upcoming budget. THE CANADIAN PRESS/Sean Kilpatrick

Inflation is easing but Ottawa faces pressure to help those who have fallen behind

Canada’s inflation rate likely took another dip last month, but with many…

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Canada’s inflation rate likely took another dip last month, but with many Canadians still struggling with the cost of living, the federal government is facing pressure to deliver more help in the upcoming budget. THE CANADIAN PRESS/Sean Kilpatrick
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Businesses expect slower sales in short term as cost, labour issues persist: survey

Canadian Chamber of Commerce research shows one-third of companies expect to raise prices

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People shop for produce and seafood in Vancouver, on Wednesday, July 20, 2022. A new report by RBC says Canadians are on average making fewer grocery store runs as food inflation persists, but still spending roughly the same amount per trip. THE CANADIAN PRESS/Darryl Dyck
People shop for produce and seafood in Vancouver, on Wednesday, July 20, 2022. A new report by RBC says Canadians are on average making fewer grocery store runs as food inflation persists, but still spending roughly the same amount per trip. THE CANADIAN PRESS/Darryl Dyck
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Grocery store CEOs will face questions on food prices at Commons committee today

Top brass from Sobeys, Safeway and FreshCo scheduled to testify before MPs

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Michael H. McCain, Executive Chair of the Board and CEO of Maple Leaf Foods Inc. speaks with Mathieu Frigon, President and CEO of Dairy Processors Association of Canada as they wait to appear as witnessnes at the Standing Committee on Agriculture and Agri-Food (AGRI) investigating food price inflation in Ottawa on Monday, March 6, 2023. THE CANADIAN PRESS/Spencer Colby

Amid high inflation, MPs should push grocer CEOs to disclose margins on food: experts

Report: 3 largest grocers had higher profits in first half of 2022 compared to 5-year averages

Michael H. McCain, Executive Chair of the Board and CEO of Maple Leaf Foods Inc. speaks with Mathieu Frigon, President and CEO of Dairy Processors Association of Canada as they wait to appear as witnessnes at the Standing Committee on Agriculture and Agri-Food (AGRI) investigating food price inflation in Ottawa on Monday, March 6, 2023. THE CANADIAN PRESS/Spencer Colby
As the cost of food continues to rise, grocery chains in Canada are reportedly making record profits. It’s time for the CEOs of these companies to explain themselves, says the federal New Democratic Party. (Unsplash photo)

OFF TOPIC: Bread or cake, the rising cost of food is giving me indigestion

How do grocery chain CEOs square skyrocketing prices with massive profits?

As the cost of food continues to rise, grocery chains in Canada are reportedly making record profits. It’s time for the CEOs of these companies to explain themselves, says the federal New Democratic Party. (Unsplash photo)
People shop in a grocery store in Montreal, Wednesday, November 16, 2022. The CEOs of Canada’s largest grocery store chains have been summoned to a House of Commons committee to answer for rising grocery prices. THE CANADIAN PRESS/Graham Hughes

MPs summon big grocery store CEOs to testify in Ottawa about food price inflation

Members of Parliament have summoned the heads of Canada’s largest grocery store…

People shop in a grocery store in Montreal, Wednesday, November 16, 2022. The CEOs of Canada’s largest grocery store chains have been summoned to a House of Commons committee to answer for rising grocery prices. THE CANADIAN PRESS/Graham Hughes
Students on UVic campus in Victoria. (Austin Westphal/News Staff)

Desperate B.C. students raiding dumpsters, using food banks and bartering for meals

Students at the University of Victoria are experiencing a hike in food insecurity, with little help

Students on UVic campus in Victoria. (Austin Westphal/News Staff)
Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul

How much Canadians have fallen behind amid high inflation and who’s hurting the most

A closer look at how the climbing cost of living is affecting people across the country

Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul
Victoria seniors are struggling to afford food due to rising costs. (Pexels photo)

B.C. seniors – and parents – skipping meals as ‘sticker shock’ from food inflation hits

Greater Victoria residents open up about financial struggles and their sacrifices

Victoria seniors are struggling to afford food due to rising costs. (Pexels photo)