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Prices faced by consumers rising faster than inflation rate, BoC deputy says
OTTAWA - The prices Canadians have reported paying for goods and services have been rising more than the official inflation rate, a senior Bank of Canada official says. Deputy governor Lawrence S...
The Canadian Press
Jun 18, 2020
Macklem says central bankers must speak simply or risk losing public trust
OTTAWA - The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens to manage economic expectations through the pan...
The Canadian Press
Aug 27, 2020
Bank of Canada hikes key interest rate to 2.5 per cent
The Bank of Canada went over and above Wednesday. The central bank raised its key interest rate by a full percentage point, to 2.5 per cent. The largest single hike since August of 1998 exceeded the f...
CJME News
Jul 13, 2022
Annual pace of inflation cools to 2.2% in February from 2.4% in January
OTTAWA - Statistics Canada says the consumer price index in February rose 2.2 per cent compared with a year ago. The increase comes after a year-over-year increase of 2.4 per cent in January. Economis...
The Canadian Press
Mar 18, 2020
S&P CoreLogic Case-Shiller: US home prices rise 3.9% in July
WASHINGTON - U.S. home prices rose at a faster pace in July as the housing market continued to show strength in the midst of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-city home p...
The Canadian Press
Sep 29, 2020
Fed survey finds widespread pessimism about economic future
WASHINGTON - The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus. The Fed ...
The Canadian Press
Sep 02, 2020
August inflation rate holds steady at 0.1%, Statistics Canada reports
OTTAWA - The annual pace of inflation held steady in August as lower gasoline and air travel costs helped offset rising prices in other areas as businesses passed on costs related to operating during ...
The Canadian Press
Sep 15, 2020
U of R economist says recession could be on the way
With inflation driving prices higher all the time, there has been no shortage of money problems and a recession could be coming soon. That's according to Jason Childs, an economist with the University...
CJME News
Apr 21, 2022
Warm, dry weather to increase food prices in 2018: expert
The warm, dry weather isn't just causing disasters like wildfires, according to the latest Canada's Food Price Report, it's also responsible for hiking prices up by three per cent in the new year. Syl...
CJME News
Dec 18, 2017
US wholesale prices rise 0.3% in August as food costs drop
WASHINGTON - U.S. wholesale prices rose 0.3% in August, just half the July gain, as food and energy prices decline. The Labor Department said Thursday that the August advance in the producer price ind...
The Canadian Press
Sep 10, 2020
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