The carbon tax is paused. Now let’s talk about our food supply Ottawa has temporarily halted the carbon tax on home heating oil. That's a positive step. But now, can we shift our focus to discuss the state of our food supply chain? Canada's annual inflation falls to 3.8% in September, grocery prices rise more slowly Latest data comes after the annual rate flared up during the summer Economy adds 64K jobs in September, unemployment rate holds steady at 5.5% Canada's labour market has cooled over the last year, but the unemployment rate remains below pre-pandemic levels. Canada's inflation rate reaches 4% in August: StatCan Grocery prices rose at a slower annual pace Economy contracts in second quarter as higher interest rates take hold Economy contracted at an annualized rate of 0.2% in the second quarter Canada's inflation rate rose to 3.3% in July, StatCan reports Grocery prices rose 8.5% on an annual basis Unemployment rate ticks up to 5.5% in July as job creation lags population growth July marks the third consecutive month that the unemployment rate has risen, signalling some loosening in the labour market Consumer spending to soften in second half of 2023: Canadian Chamber of Commerce Consumer spending will likely slow noticeably in the second half of the year as people cut back on discretionary purchases Canada's inflation rate tumbles to 2.8% in June even as grocery prices remain high Grocery prices rose 9.1% year-over-year, slightly faster than in May BoC raises key interest rate to 5%, expects slower return to inflation target Forecasters were widely anticipating the central bank to raise rates as the economy continues to run hotter than expected First Previous 7 8 9 10 11 Next Last
