1 week ago Coming price cuts at McDonald’s in the U.S. may signal a broader fast food price war

McDonald’s is cutting prices on some combo meals to woo back U.S. customers who’ve been turned off by the rising costs of grabbing a fast food meal. The price drop may induce its rivals, who have run into some of the same pricing issues, to follow. Starting Sept. 8, McDonald’s will offer Extra Value Meals, […]

Economics

1 week ago Coming price cuts at McDonald’s may signal a broader fast food price war

McDonald’s is cutting prices on some combo meals to woo back customers who’ve been turned off by the rising costs of grabbing a fast food meal. The price drop may induce its rivals, who have run into some of the same pricing issues, to follow. Starting Sept. 8, McDonald’s will offer Extra Value Meals, which […]

Economics

2 w. ago Bank of Canada to Study Core Inflation Measures, Keep 2% Target

The Bank of Canada plans to keep its 2% inflation target, but is examining the best ways to measure core inflation and how to factor housing costs into its monetary policy decisions.

Economics

2 w. ago Canada is ditching retaliatory tariffs, but relief at the grocery store may take time

Price rises are showing up in footwear and food and will take a while to come down as goods charged tariffs travel through the system

Economics

2 w. ago LeBlanc set to meet Lutnick in Washington after Ottawa drops some tariffs

WASHINGTON — Canada-U.S. Trade Minister Dominic LeBlanc is set to meet with U.S. Commerce Secretary Howard Lutnick in Washington this week after Ottawa announced it would be lifting some retaliatory tariffs. LeBlanc’s office says he will travel to the U.S. capital on Tuesday. Prime Minister Mark Carney announced Friday that Canada will drop some retaliatory […]

Economics

3 w. ago Restaurants Canada praises Government of Canada for its removal of retaliatory tariffs on food

Toronto, Aug. 22, 2025 (GLOBE NEWSWIRE) — Restaurants Canada is pleased with today’s announcement that Canada will lift its retaliatory tariffs on U.S. food products. After months of uncertainty and negative impacts, this long-awaited measure will provide relief to thousands of businesses across the country and address Canada’s affordability crisis. Restaurants Canada estimates that retaliatory […]

Politics

3 w. ago Trump’s America First Tariffs Gives Puerto Rico a Surprise Lift

President Donald Trump’s “America First” tariff policies are boosting manufacturing in Puerto Rico, an island he has both attacked and claimed to help more than any other US leader.

Economics

3 w. ago Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes

LONDON (AP) — Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year. The Office for National Statistics said consumer price inflation was 3.8% in the year to July, up from 3.6% […]

Economics

3 w. ago Cooler inflation could set stage for Bank of Canada rate cut

Watch: Economists say there are signs that core inflation is losing upward momentum

Economics

3 w. ago Economists expect tariffs lifted food prices, core inflation in July

OTTAWA — Tariff impacts are expected to keep underlying inflation elevated in July, a Desjardins economist says, even if the headline figure retreats. Statistics Canada is set to report inflation figures for July on Tuesday. A poll of economists expects annual inflation cooled last month to 1.7 per cent, according to LSEG Data & Analytics. […]

Economics