OTTAWA – Canada’s annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the cost of groceries continues to climb. In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery[...]

Read More about Canada’s inflation rate cools in August but grocery prices continue to climb

OTTAWA – Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation. In[...]

Read More about Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says

OTTAWA – Canadians should expect interest rates will climb even higher, the Bank of Canada said Wednesday after announcing another supersized interest rate hike. The central bank raised its key interest rate by three-quarters of a percentage point and signalled this won’t be[...]

Read More about Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher
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