Canada’s inflation rate rose to a new multi-decade high of 5.7 per cent last month, as the price of everything from gasoline to groceries to shelter rose swiftly.Canada’s inflation rate is increasing at its fastest pace in decades. (Luke Sharrett/Bloomberg)Canada’s inflation rate rose to a new multi-decade high of 5.7 per cent last month, as…
The most interesting battle of the 44th Parliament’s early days has been the recurring back-and-forth between Finance Minister Chrystia Freeland and Conservative finance critic Pierre Poilievre.Conservative finance critic Pierre Poilievre and Finance Minister Chrystia Freeland have been butting heads over inflation in the House of Commons. (Adrian Wyld/The Canadian Press)The most interesting battle of the…
Canada’s inflation rate came in at 3.1 per cent in June as prices for shelter and transportation rose quickly, while increases in things like food, clothing and recreation slowed down from May.The price of gasoline has risen by more than a third in the past 12 months, according to Statistics Canada data. (Brandon Wade/Reuters)Canada’s inflation rate…
The Bank of Canada and the U.S. Federal Reserve have repeatedly reassured us that interest rates will stay low and inflation will be temporary, but rising bond rates signal investors are demanding a better return on long-term lending, nudging rates toward pre-pandemic levels.A house recently sold in the Toronto’s Junction neighbourhood. A tiny change in…
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