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After the Bank of Canada announced its new policy rate of 2.5 per cent, it conceded that the increase could further weigh down a Canadian housing market that’s already expected to shrink by one per cent this year.
Alberta’s energy sector is benefiting from higher oil prices, but those same prices are contributing to inflation concerns that helped prompt the Bank of Canada to raise interest rates.
The U.S. Federal Reserve kept its key rate unchanged Wednesday at about 3.9 per cent despite stubbornly high inflation.
The Bank of Canada raised its key interest rate for the first time in more than three years on Wednesday, drawing mixed reaction from experts and lawmakers.
The Bank of Canada raised its policy interest rate by 25 basis points to 2.5 per cent. It’s the first hike since July 2023. The central bank wants to control inflation by reducing the risk that high fuel prices could spill over and seep into the overall economy.
British Columbia’s premier-designate Lorne Doerkson says he and Prime Minister Mark Carney are aligned on the need to supercharge the economy, attract investment and create good-paying jobs.
The most expensive parcel shipping year on record is on track to end with the highest-ever holiday season delivery prices as soaring diesel prices drive even higher fuel surcharge rates from UPS and FedEx, boosting costs for retailers.
The halls are busy at the University of Prince Edward Island but for some students staying in school is getting harder to afford.
Canadians continue to struggle with the high cost of living, with monthly food bank visits up nearly nine per cent this year compared to last. According to Food Banks Canada’s annual HungerCount report, food bank visits have soared to 2.35 million per month in 2026, a 117 per cent increase from 2019.
Housing prices in Canada climbed faster than those in most developed countries, more than doubling since 2005, according to a new report.
The annual pace of inflation rose to 3.1 per cent in September as war in the Middle East continued to drive up gas prices, Statistics Canada said.
Global food inflation is poised to accelerate and persist well into 2027, as war-related shipping disruptions and El Niño-driven drought squeeze cereal supplies.
The Bank of Canada will get a raft of fresh data to start next week as it weighs what could be a pivotal interest rate decision at the end of the month.
U.S. inflation accelerated last month as gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections that have focused heavily on issues related to affordability.
Throwing a party may seem simple: just send a Partiful invite to a bunch of people and hope they show up.
Food experts and economists expect the global run-up in diesel prices will have consumers bracing for a tough winter at the grocery store.
