Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher Inflation remains high due to global supply chain disruptions, the effects of COVID-19 and the war in Ukraine Canada's inflation rate slows in July, but food prices continue to rise Wage growth is lagging inflation, says one analyst, but another points out that consumer spending is still strong Canadians struggling with rising food costs look for local assistance "There's no way our food charity system can deal with this problem” Consumers lean on loyalty programs to help manage inflation Customers are redeeming points to manage the cost of gas and groceries Canada's food inflation rate climbs to 8.8% in June Statistics Canada says the largest price increase among food items was for edible fats and oils Bank of Canada hikes key interest rate by full percentage point The bank is aggressively trying to lower inflation, which it believes will remain at 8% over the next few months Canadians on strict budgets are dialing back their grocery purchases Bank of Canada reports note that consumers are adjusting to rising food costs by going generic, only buying what's necessary and even gardening more Inflation skyrockets to highest level in nearly 40 years Statistics Canada says the increase in May was fuelled by soaring gas prices Bank of Canada open to hiking interest rates to curb inflation Bank's Paul Beaudry says higher rates will bring down demand relative to supply, easing inflationary pressures Manitoba proposes to increase minimum wage above inflation Each year the province adjusts the minimum wage to match the inflation rate from the previous year First Previous 14 15 16 17 18 Next Last
