5 h. ago Empire reports Q4 profit up, CEO says food inflation at its stores remained stable

STELLARTON — Empire Co. Ltd.’s top executive said the company’s price inflation remained stable during its latest quarter and that he expects the trend to continue, as the grocery retailer reported its latest financial results. The company, which operates Sobeys and Safeway, among other banners, reported Thursday that its fourth-quarter profit and sales rose compared […]

Economics

5 h. ago ‘We are not seeing inflation in our business,’ Empire CEO says

Michael Medline rejected the idea of elevated grocery price increases, saying inflation has remained stable for the company

Economics

30 h. ago Macklem Warns of Firmer Inflation, Uncertainty About Impact of Tariffs

Bank of Canada Governor Tiff Macklem reiterated that he sees inflation running hotter than expected, while saying employment appears to be holding up outside of trade-intensive sectors.

Economics

39 h. ago UK Inflation Holds at Highest in Over a Year Before BOE Decision

UK inflation remained at its highest level in more than a year, keeping price pressures uncomfortably strong as the Bank of England weighs how much energy market turmoil will affect its path to cutting interest rates.

Economics

39 h. ago UK Inflation Holds at Highest in Over a Year Before BOE Vote

UK inflation remained at its highest in over a year, keeping price pressures uncomfortably strong as the Bank of England weighs how much energy market turmoil will affect its path to cutting interest rates.

Economics

3 d. ago US Stocks Risk 20% Drop in High Inflation Scenario, RBC Says

The S&P 500 Index risks sinking 20% if inflation spikes on the back of higher oil prices, according to a report by RBC Capital Markets LLC strategists that laid out three possible pullbacks.

Economics

3 d. ago Low Inflation Seen Helping Indian Rupee Weather Middle East Storm

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Economics

6 d. ago US Consumer Sentiment Jumps as Inflation Expectations Improve

US consumer sentiment rose by the most since January 2024 as concerns about the economy eased and short-term inflation expectations showed a marked improvement.

Economics

6 d. ago UK Household Inflation Expectations Fell Before April CPI Spike

UK households had been expecting inflation to slow over the coming year, according to a Bank of England survey that was conducted before the sudden jump in consumer prices reported last month.

Economics

9 d. ago Morgan Stanley Urges Bond Traders to Bet on Easing Inflation

Morgan Stanley interest-rate strategists say a surprise ebb in inflation data due this week and declining oil prices stand to reel in the bond market’s expectations for inflation over the next two years.

Economics

9 d. ago Norway’s Core Inflation Slows More Than Forecast to 2025 Low

Norway’s underlying inflation rate declined slightly more than expected in May, cementing the case for Norges Bank to begin interest-rate cuts in coming months.

Economics

2 w. ago SNB’s Tschudin Says Monthly Inflation Number Just One Data Point

The Swiss National Bank won’t be distracted by monthly inflation numbers, according to a senior official.

Economics

2 w. ago European Stocks Tick Higher on Easing Inflation; Miners Decline

European stocks edged higher as euro-area inflation eased more than expected, bolstering the case for further interest-rate cuts. Miners dropped after glum China economic data.

Economics

2 w. ago Builder.ai Faked Business With Indian Firm VerSe to Inflate Sales, Sources Say

Builder.ai, the artificial intelligence startup that recently announced plans to declare bankruptcy, faked business with the Indian social-media startup VerSe Innovation for years to falsely inflate its sales, according to documents reviewed by Bloomberg and people with direct knowledge of the practice.The two companies routinely billed one another for roughly the same amounts between 2021 and 2024, documents reviewed by Bloomberg show, as part of an alleged practice known as 'round-tripping' th

Economics

3 w. ago Hungary Holds Key Rate Steady With Focus on Anchoring Inflation

Hungary’s central bank kept interest rates unchanged as expected, with policymakers focused on curbing still-high inflation expectations despite improving headline price data and a shrinking economy.

Economics

4 w. ago ECB’s Escriva Says Unexpectedly Strong Euro Is Weighing on Inflation

European Central Bank Governing Council member Jose Luis Escriva said the euro and energy prices have been weighing on consumer-price growth, while the fallout from US tariffs is more complicated to evaluate.

Economics

4 w. ago UK Inflation Surge Prompts Traders to Rein In Bets on BOE Cuts

UK inflation jumped more than forecast to its highest rate in over a year as households were hit by a raft of price increases, prompting investors to pare bets on rate cuts from the Bank of England.

Economics

last month Grocery price increases outpace overall inflation for third straight month: StatCan

Despite the annual pace of inflation cooling last month, Statistics Canada says consumers continue to pay higher costs for groceries. The agency reports prices for food purchased from stores increased 3.8 per cent on a year-over-year basis, up from 3.2 per cent annual growth in March. It marks the third straight month that grocery price […]

Economics

last month Statistics Canada’s April inflation data to show impact of carbon price removal

OTTAWA — Statistics Canada is set to release inflation data for April today. Market data shows economists on average expect the annual rate of inflation cooled to 1.6 per cent last month, from 2.3 per cent in March. The Liberal government eliminated the consumer carbon price at the start of April, offering motorists some relief […]

Economics

last month Inflation slows sharply to 1.7% in April as consumer carbon price ends

OTTAWA — The end of the consumer carbon price at the start of April drove inflation down sharply, Statistics Canada said Tuesday, but there were signs of pressure building at the grocery store. The annual pace of inflation cooled to 1.7 per cent last month, down from 2.3 per cent in March, the agency said. […]

Economics