3 h. ago Inflation reading won’t ‘move the needle’ for Bank of Canada, says economist

Still a lot of data to come before the central bank's September decision

Economics

6 h. ago Inflation rate cools to 1.7% in July thanks to lower gas prices: StatCan

OTTAWA — Inflation cooled in July thanks largely to relief at the gas pumps, but Statistics Canada said grocery and shelter costs were accelerating last month.  The annual rate of inflation fell to 1.7 per cent in July, the agency said Tuesday, down from 1.9 per cent in June.  A 16.1 per cent decline year-over-year […]

Economics

29 h. ago CMHC reports annual pace of housing starts in July up four per cent from June

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July rose four per cent compared with June. The agency says the seasonally adjusted annual rate of housing starts was 294,085 units for July, up from 283,523 in June. The seasonally adjusted annual pace of housing starts for Canadian centres […]

Culture

4 d. ago Bank of Canada is open to rate cuts, but lower rates are likely a ways off

Robert McLister: Cuts could be several inflation reports and some crossed fingers away

Other

5 d. ago Echoes of 2007 Haunt Dollar as Fed Risks Easing Amid Inflation

The dollar is set for a toxic mix of a Federal Reserve cutting interest rates in the face of rising annual inflation, a damaging scenario last seen nearly two decades ago, according to Bank of America Corp.

Economics

6 d. ago Bank of Canada Weighed Cut In July, Opted to Wait for More Data

The Bank of Canada considered cutting interest rates at its last meeting, but trade uncertainty and sticky core inflation compelled officials to hold borrowing costs steady.

Other

7 d. ago Emerging Market Stocks Trade Steady Before US Inflation Data

Emerging-market stocks and currencies were steady as traders awaited US inflation data for clues on the path for Federal Reserve interest-rate cuts.

Economics

7 d. ago Stocks Advance Before US Inflation, Nikkei Climbs: Markets Wrap

Asian stocks opened higher as investors remained cautious ahead of a key US inflation report expected to shape the Federal Reserve’s interest-rate path.

Economics

7 d. ago How prices for staple grocery items have fluctuated in Canada so far this year

The price of groceries in Canada remains a source of concern for many households, as the cost of daily essentials continues to strain budgets.The rising price of groceries is a very real worry for many shoppers in Canada, according to a new report by PwC stating that 76 per cent of Canadians worry about the rising cost of food — much higher than the global average of 59 per cent.And Canadians are worried for good reason, as prices constantly fluctuate.Grocery giant Loblaw recently published its July food inflation report, which states that food prices in June rose by 2.8 per cent compared to last year. It's a slower pace than the 3.3 per cent increase seen in May, but still higher than the headline inflation rate of 1.9 per cent.And, in addition to inflation, the tumultuous U.S.-Canada trade war continues to loom over shoppers' wallets.Using Statistics Canada's Average Retail Food Prices Data Visualization Tool, we ...

Economics

1 week ago Chile’s Annual Inflation Unexpectedly Speeds Up After Rate Cut

Chile’s annual inflation unexpectedly accelerated for the first time since March after the central bank signaled it will gradually lower its borrowing costs over coming quarters.

Economics

1 week ago For Canada’s mortgage rates to back off, we need lower inflation

Robert McLister: The leading default insured five-year fixed rate is up 10 basis points to 3.9% despite bond yields falling

Economics

1 week ago Sweden’s Core Inflation Trails Analyst Forecasts, Backing Easing

Sweden’s core inflation rate fell slightly more than analysts expected last month, likely backing the case for the country’s central to cut interest rates later in August to support the misfiring economy.

Economics

2 w. ago Loblaws grocery prices finally cooling in Canada but tariffs could reverse trend

Grocery shoppers in Canada experienced a bit of relief in June, but Loblaw's latest report says that could easily change with the ongoing tariffs spat.According to the grocery giant's July food inflation report, food prices in June rose by 2.8 per cent compared to last year. It's a slower pace than the 3.3 per cent increase seen in May, but still higher than the headline inflation rate of 1.9 per cent.Loblaw says the drop in fresh vegetable prices, which fell by 3.1 per cent, helped ease cost pressure on grocery bills, encouraging shoppers to buy local heading into the summer."The summer months bring some of the best quality and lowest pricing options for certain fresh produce for Canadians," reads the report.Veggies like locally grown lettuce, celery, beans, eggplant, and zucchini come into season, hopefully lowering your grocery bill."As international options include higher freight costs and foreign exchange rates, during peak growing seas...

Economics

2 w. ago Korean Inflation Cools, Boosting Case for BOK to Cut Rate Again

The pace of consumer inflation in South Korea slowed, giving the central bank added incentive to resume its rate-cut cycle as the trade-reliant economy braces for the impact from higher US tariffs.

Economics