6 h. ago Inflation in Canada cools slightly to 2.2% in October, StatCan says

Year-over-year inflation for consumer goods rose by 2.2 per cent in October, a slight dip compared with the growth seen last month, according to Statistics Canada.

Economics

6 h. ago Canada Inflation Cools to 2.2%, Missing Economists’ Forecasts

Inflation in Canada cooled less than expected last month, supporting the Bank of Canada’s decision to move to the sidelines after back-to-back rate cuts.

Economics

6 h. ago Inflation cools to 2.2% in October as gas, grocery prices fall

The annual rate of inflation cooled to 2.2 per cent in October -- a tick higher than economists' expectations but down from 2.4 per cent in September.

Economics

69 h. ago Trump scraps tariffs on beef, coffee, tropical fruit in a push to lower grocery store prices

WASHINGTON (AP) — President Donald Trump announced Friday that he was scrapping U.S. tariffs on beef, coffee, tropical fruits and a broad swath of other commodities — a dramatic move that comes amid mounting pressure on his administration to better combat high consumer prices. Trump has built his second term around imposing steep levies on […]

Economics

3 d. ago Economists expect annual inflation rate fell in October, driven by lower gas prices

TORONTO — Economists expect October’s annual inflation reading will show an easing from September as lower gasoline prices helped offset increases elsewhere. Statistics Canada is set to report inflation figures for last month on Monday, a change from its usual Tuesday release. A Reuters poll of economists ahead of the release predicts annual inflation fell […]

Economics

3 d. ago Russia’s Arctic LNG 2 Cuts Gas Output Ahead of Winter Challenges

Russia’s sanctioned Arctic LNG 2 plant has started curbing gas production after reaching records in October, as the buildup of winter ice makes exports more challenging.

Other

8 d. ago CHARLEBOIS: How geopolitics are pushing Canadians to buy Canadian — for real

Countless surveys have told us that Canadians want to buy Canadian. They say they want to support local farmers and processors, keep dollars at home, and protect jobs. But when standing in front of the grocery shelf, good intentions often gave way to convenience and price. That contradiction, however, seems to be fading. And geopolitics […]

Politics

1 week ago Maple Leaf Foods to increase retail prices amid high meat costs

Consumers might notice price increases for Maple Leaf meat products at grocery stores in the new year as the company faces rising raw materials costs. “Beef inputs are at all-time highs. Turkey, in real time, is being impacted by the avian influenza implications in the North American markets,” chief executive Curtis Frank told analysts during […]

Economics

2 w. ago The Bank of Canada could cut rates again. It likely won’t help food prices

As many Canadians struggle with affording essentials like food, experts say an interest rate cut by the Bank of Canada could help consumers, but not as much for grocery prices.

Economics

3 w. ago With food costs spiralling, these Canadians turning to food banks for help

Sticker shock hit hard when single mom Kristina Kennedy saw the sausages she usually buys were $1.50 more than expected. As the sole caregiver to four children, the 40-year-old says price hikes at the grocery store are especially tough to swallow, and nearly impossible to plan for when costs keep fluctuating. “And this is like […]

Economics

3 w. ago Food costs are spiralling. These Canadians are turning to food banks for help.

TORONTO — Sticker shock hit hard when single mom Kristina Kennedy saw the sausages she usually buys were $1.50 more than expected. As the sole caregiver to four children, the 40-year-old says price hikes at the grocery store are especially tough to swallow, and nearly impossible to plan for when costs keep fluctuating. “And this […]

Economics

3 w. ago What foods are Canadians paying the most for as grocery prices rise?

Grocery prices climbed 4% in September. Here's what’s driving the latest price changes

Economics

3 w. ago Bank of Canada can cut rates to 2.25% but more than that is doubtful with inflation sticky, economists say

Inflation hit 2.4 per cent in September, mostly due to a smaller decrease in gasoline prices and a rise in grocery prices

Economics

3 w. ago Inflation jumps to 2.4% in September thanks to gas, grocery costs

OTTAWA — Statistics Canada says inflation accelerated to 2.4 per cent in September thanks largely to yearly changes in gas prices and some stubborn price hikes at the grocery store. That’s a jump of half a percentage point from 1.9 per cent annual inflation in August and a tick higher than economists’ expectations. Statistics Canada […]

Economics