inflation

A gas station sign is seen in front of a wall mural as gas prices surpass $2.00 per litre, Monday, May 9, 2022 in Montreal.THE CANADIAN PRESS/Ryan Remiorz

Surging gas prices compound inflation’s toll on Canadians, hurt consumer sentiment

Inflationary domino effect sees gas prices raising shipping costs, which then hike price of goods

 

Food bank demand is up in Greater Victoria, spurred largely by inflation and high gas prices. Pictured is the Goldstream Food Bank warehouse in November 2021. (Black Press Media file photo)

Rise in food bank demand fueled by inflation, high gas prices in Greater Victoria

Local food banks had 3 to 4 times the new patrons in March than the typical month

 

Governor of the Bank of Canada, Tiff Macklem, and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance, in Ottawa on Monday, April 25, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Key interest rate could soon go up another half point, central bank says

‘The economy needs higher rates and can handle them’

 

Canadians under the age of 35 are more concerned than their Boomer and Gen X counterparts about their financial stability with the rising interest rates. (THE CANADIAN PRESS/AP/Elise Amendola, file)

Younger Canadians more worried than others as inflation reaches 30-year high

Millennials, Gen Z early in careers, haven’t weathered other financial storms

Canadians under the age of 35 are more concerned than their Boomer and Gen X counterparts about their financial stability with the rising interest rates. (THE CANADIAN PRESS/AP/Elise Amendola, file)
A loonie is pictured in Vancouver on April, 2014.THE CANADIAN PRESS/Jonathan Hayward

Inflation picks up steam in March to hit 6.7% amid war in Europe, supply chain woes

Highest reading since inflation hit 6.9 per cent in January 1991 when the GST was introduced

A loonie is pictured in Vancouver on April, 2014.THE CANADIAN PRESS/Jonathan Hayward
Prime Minister Justin Trudeau discusses the budget with Bruno Johnson, right of Trudeau, his wife Catherine Pilote, left, Alexe Vigneault-Pinard, far right, and Simon Vervaet, right, on Wednesday, April 13, 2022, in Laval, Que. THE CANADIAN PRESS/Ryan Remiorz

Trudeau says budget measures will help Canadians weather Bank of Canada rate hike

PM: ‘We put forward a plan to address the housing crisis that too many families are living through’

Prime Minister Justin Trudeau discusses the budget with Bruno Johnson, right of Trudeau, his wife Catherine Pilote, left, Alexe Vigneault-Pinard, far right, and Simon Vervaet, right, on Wednesday, April 13, 2022, in Laval, Que. THE CANADIAN PRESS/Ryan Remiorz
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada raises key interest rate by 0.5%, biggest hike in 20 years

Jump implemented in attempt to battle rising inflation

The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
FILE—A private Ukrainian farmer Dmytro Hnatkevitch harvests wheat crop on his farm in the village of Grygorovka, 110 km south of Kiev, in August, 1996. Prices for food commodities like grains and vegetable oils reached their highest levels ever last month because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, the United Nations said Friday, April 8, 2022. (AP Photo/Efrem Lukatsky)

Food prices soar to record levels on Ukraine war disruptions

UN’s Food Price Index up 12.6% from February, which was the highest level since its inception in 1990

FILE—A private Ukrainian farmer Dmytro Hnatkevitch harvests wheat crop on his farm in the village of Grygorovka, 110 km south of Kiev, in August, 1996. Prices for food commodities like grains and vegetable oils reached their highest levels ever last month because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, the United Nations said Friday, April 8, 2022. (AP Photo/Efrem Lukatsky)
Various cuts of beef are seen in the meat section at an Atlantic Superstore grocery in Halifax, Friday, Jan. 28, 2022. Food prices are continuing to climb in Canada, pushing up grocery bills and forcing some households to change shopping habits.THE CANADIAN PRESS/Kelly Clark

How to save on your grocery bill as inflation sends food prices higher

Food prices rose 7.4 per cent in February from a year earlier, biggest jump in more than a decade

Various cuts of beef are seen in the meat section at an Atlantic Superstore grocery in Halifax, Friday, Jan. 28, 2022. Food prices are continuing to climb in Canada, pushing up grocery bills and forcing some households to change shopping habits.THE CANADIAN PRESS/Kelly Clark
A sign displays the price of a litre of regular grade gasoline at an Esso gas station as a motorist waits at a red light, in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

Canadians cutting back spending on groceries, restaurants as inflation rises: poll

Four-fifths of respondents said inflation was having a serious impact on their households

A sign displays the price of a litre of regular grade gasoline at an Esso gas station as a motorist waits at a red light, in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck
In this double exposure photograph, a sign displays the price of a litre of regular grade gasoline as people fuel up their vehicles at an Esso gas station, in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

Annual inflation rate hit 5.7% in February amid broad-based price increases

Canada’s inflation rate at its highest level since August 1991

In this double exposure photograph, a sign displays the price of a litre of regular grade gasoline as people fuel up their vehicles at an Esso gas station, in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck
(File photo)

Over half of Canadians can’t keep up with the cost of living: poll

Western Canada most concerned with debt, job losses, rising costs of living

(File photo)
Gas prices are displayed at an Shell station in Newcastle, Ont. on Wednesday Feb. 2, 2022. THE CANADIAN PRESS/Doug Ives

Inflation continues to outstrip wage growth as annual rate surpasses 5 per cent

Inflation rate of 5.1 per cent broke the 5 per cent barrier for the first time in 30 years

Gas prices are displayed at an Shell station in Newcastle, Ont. on Wednesday Feb. 2, 2022. THE CANADIAN PRESS/Doug Ives
A couple shops for appliances at a furniture store in St-Jean-sur-Richelieu, Que. on Monday, May 4, 2020. THE CANADIAN PRESS/Paul Chiasson

Canada’s annual inflation rate rises to 4.8% in December, highest since 1991

Annual inflation rate hits 30-year high, upping pressure on Bank of Canada Wed 10:26 am Wed 9:28 am

A couple shops for appliances at a furniture store in St-Jean-sur-Richelieu, Que. on Monday, May 4, 2020. THE CANADIAN PRESS/Paul Chiasson
Prices at the gas bumps are steep and likely to climb higher in the next few months. (File - Black Press Media)

EDITORIAL – Out-of-control house prices setting an unrealistic standard

Mounting concern about rising costs

  • Jan 17, 2022
Prices at the gas bumps are steep and likely to climb higher in the next few months. (File - Black Press Media)
Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang

Macklem vows clarity so Canadians trust Bank of Canada as inflation stays at 4.7%

‘Price stability is job one, because if we don’t get that right, nothing else is going to work’

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang
Bank of Canada Governor Tiff Macklem speaks during a news conference in Ottawa, Wednesday, Oct. 27, 2021. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada to maintain inflation mandate, consider job market in rate decisions

BoC may decide to allow inflation to sit closer to either end of the bank’s target range

Bank of Canada Governor Tiff Macklem speaks during a news conference in Ottawa, Wednesday, Oct. 27, 2021. THE CANADIAN PRESS/Adrian Wyld
Produce is shown in a grocery store in Toronto on Friday, Nov. 30, 2018. THE CANADIAN PRESS/Nathan Denette

Canadian families will pay an extra $966 for groceries in 2022, report says

Jump in B.C. and Alberta expected to be higher than average

Produce is shown in a grocery store in Toronto on Friday, Nov. 30, 2018. THE CANADIAN PRESS/Nathan Denette
A yuletide showing of eight maids-a-milking at a past Butchart Gardens Magic of Christmas display. American-based PNC Christmas Price Index explores the cost of the items in the popular song, The 12 Days of Christmas, with eight maids-a-milking coming in with a price tag of $58. (Black Press Media file photo)

12 Days of Christmas comes with hefty price tag as inflation drives up costs

8 maids-a-milking the lowest-priced item on the list at $58

A yuletide showing of eight maids-a-milking at a past Butchart Gardens Magic of Christmas display. American-based PNC Christmas Price Index explores the cost of the items in the popular song, The 12 Days of Christmas, with eight maids-a-milking coming in with a price tag of $58. (Black Press Media file photo)
A sign outside a building at Statistics Canada in seen in Ottawa on Friday, March 12, 2021. THE CANADIAN PRESS/Justin Tang

Canada’s consumer price index makes largest year-over-year leap in 18 years

Annual inflation rate rises to 4.7 per cent in October, Statistics Canada says

A sign outside a building at Statistics Canada in seen in Ottawa on Friday, March 12, 2021. THE CANADIAN PRESS/Justin Tang