‘It’s about time’: Combo of price-cutting factors brings some pocketbook relief in Canada
Canadians are getting some relief in gas prices and airfare in what experts say is a combination of inflation-cutting factors in recent weeks.
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Canadians are getting some relief in gas prices and airfare in what experts say is a combination of inflation-cutting factors in recent weeks.
After inflation surprisingly slowed in March, one chief economist says he doesn’t expect a cut from Canada’s central bank on Wednesday, but highlighted he is forecasting about 100 basis points of cuts during the year.
A survey from insolvency firm MNP Ltd. suggests Canadians’ outlook for their personal finances has brightened even as they’ve taken steps to cut their expenses amid economic turmoil.
Pricing trends are getting pushed all over the place these days by big economic shifts, resulting in what’s expected to be another elevated inflation reading in Canada this week.
If your favorite coffee beans have vanished from the shelves, don’t worry - they will return soon. The bad news is they will be up to 25 per cent more expensive.
Inflation numbers from February show the Consumer Price Index (CPI) has jumped by 2.6 per cent since the same point last year, Statistics Canada said on Tuesday.
The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday.
Canada’s annual inflation rate was 2.6 per cent in February, Statistics Canada says. The agency also released rates for major cities.
Canada’s annual inflation rate was 2.6 per cent in February, Statistics Canada says. Here’s what happened in the provinces.
Economists are expecting the annual rate of inflation accelerated in February as the federal government’s temporary tax break came to an end mid-month.
Shoppers have been caught up in the buy Canadian fervour since U.S. President Donald Trump started threatening 25 per cent tariffs on all Canadian goods, which began on Tuesday.
Two of Canada’s largest banks say interest rates could fall faster and ultimately end up lower than previously predicted, as the consequences of a trade war with the U.S. are set to ripple through the Canadian economy.
The federal government has announced an increase in the federal minimum wage starting April 1, according to a press release.
U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem.
Economists expect little movement in Canada’s inflation numbers, if any, when January data is released this week, though the underlying change in prices will be clouded by a full month of the government’s GST break.
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President Donald Trump imposes tariffs on Canadian and Mexican imports, economists and food industry executives said.