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 Inflation could put more Canadians at risk of going hungry Food banks in Toronto and Calgary are seeing a surge in demand as food prices soar Inflation rate up slightly in April to 6.8%: Statistics Canada Agency says Canadians paid 9.7% more for food bought in stores in April Consumers still spending despite food inflation: Galen Weston Loblaw president says shoppers have more money in their wallets today than pre-pandemic Ontario Liberals pledge to remove HST from prepared food under $20 Liberal Leader Steven Del Duca says this will save families money at the grocery store and also office workers grabbing lunch First Previous 14 15 16 17 18 Next Last
