inflation

The Bank of Canada kept its overnight lending rate at 5 per cent, but a senior economist with TD forecasts that interest rate cuts are on the horizon, which promise to ease housing costs in B.C. But B.C.’s economy is not predicted to grow as fast as the rest of the country’s. (THE CANADIAN PRESS/Sean Kilpatrick)

TD forecasts B.C.’s housing costs to ease with interest rate cuts on horizon

Bank of Canada held overnight lending rate at 5 per cent, but TD forecasts cuts in 2024

 

Economists are forecasting Canada’s inflation rate likely ticked up last month, but that isn’t expected to set off alarm bells as long as underlying price pressures ease. Motorists fuel up vehicles at a Shell gas station in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

Economists expect December inflation went up, trend still points to slowdown

Prices still rising, but at slower rate, say experts

 

Joanne Thibault poses in front of Finest at Sea, where she works as a consultant after coming out of retirement. (Ella Matte/News Staff)

‘Horrible situation’: B.C. senior forced to unretire as costs skyrocket

Study finds more people facing uncertain retirement due to the cost of living

 

Bank of Canada Governor Tiff Macklem arrives for the annual meeting of federal, provincial, and territorial finance ministers in Toronto on Friday, December 15, 2023. A slowing economy is expected to lay the groundwork for interest rate cuts as early as mid-2024, which would signal a turning point in the fight against inflation. THE CANADIAN PRESS/Nathan Denette

Inflation expected lower in 2024 as more feel pinch of high interest rates

Experts say Canadians can expect some price stabilization in the new year

Bank of Canada Governor Tiff Macklem arrives for the annual meeting of federal, provincial, and territorial finance ministers in Toronto on Friday, December 15, 2023. A slowing economy is expected to lay the groundwork for interest rate cuts as early as mid-2024, which would signal a turning point in the fight against inflation. THE CANADIAN PRESS/Nathan Denette
Food prices will keep rising in 2024, though at a slower pace, according to a closely followed food price report from four Canadian universities. Produce at a grocery store in Toronto on June 26. THE CANADIAN PRESS/Graeme Roy

Grocery prices will continue to climb in Canada, but not as quickly: report

University study predicts food prices will rise between 2.5 and 4.5 % next year

Food prices will keep rising in 2024, though at a slower pace, according to a closely followed food price report from four Canadian universities. Produce at a grocery store in Toronto on June 26. THE CANADIAN PRESS/Graeme Roy
Statistics Canada is expected to release its latest reading on inflation today. People shop in a grocery store in Montreal, Wednesday, Nov. 16, 2022. THE CANADIAN PRESS/Graham Hughes

Inflation dropped last month along with the cost of gasoline

Largest contributors still mortgage interest costs, food purchased from stores and rent

Statistics Canada is expected to release its latest reading on inflation today. People shop in a grocery store in Montreal, Wednesday, Nov. 16, 2022. THE CANADIAN PRESS/Graham Hughes
B.C.’s construction sector added 10,200 jobs in October as the provincial unemployment rate remained at 5.4 per cent. But available figures show. While the Thompson-Okanagan recorded the lowest unemployment rate with 3.2 per cent, the North Coast and Nechako region recorded an unemployment rate of 6.8 per cent. (Black Press Media file photo)

B.C.’s unemployment rate in October remains at 5.4%

Parts of northern and rural B.C. exceed provincial rate, while others are well below it

B.C.’s construction sector added 10,200 jobs in October as the provincial unemployment rate remained at 5.4 per cent. But available figures show. While the Thompson-Okanagan recorded the lowest unemployment rate with 3.2 per cent, the North Coast and Nechako region recorded an unemployment rate of 6.8 per cent. (Black Press Media file photo)
The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend. The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. THE CANADIAN PRESS/Sean Kilpatrick

BoC expected to hold key interest rate steady at 5% amid ‘sluggish’ economy

Bank to release latest decision on Wednesday

The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend. The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Conservative Leader Pierre Poilievre takes questions from the media during a visit to Summerhill Pyramid Winery in Kelowna on Oct. 11, 2023. (Gary Barnes/Capital News)

Inflation, crime, war: Topics for Conservative Leader Poilievre in Kelowna

Poilievre will also attend a ‘Bring It Home’ rally in Oliver, Wednesday evening

Conservative Leader Pierre Poilievre takes questions from the media during a visit to Summerhill Pyramid Winery in Kelowna on Oct. 11, 2023. (Gary Barnes/Capital News)
The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. Statistics Canada will release its latest reading on inflation this morning. The agency will publish its consumer price index for August.THE CANADIAN PRESS/Sean Kilpatrick

Price of gas drives Canadian inflation up to 4% in August

Economists widely expected this uptick, anticipate slower progress in the next few months

The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. Statistics Canada will release its latest reading on inflation this morning. The agency will publish its consumer price index for August.THE CANADIAN PRESS/Sean Kilpatrick
Galen Weston arrives for a meeting on the growing cost of food in Ottawa, Sept. 18, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Grocery bosses pledge help addressing skyrocketing food prices

Grocery CEOs meet with Canada’s federal ministers, agree to work to stabilize food prices

Galen Weston arrives for a meeting on the growing cost of food in Ottawa, Sept. 18, 2023. THE CANADIAN PRESS/Sean Kilpatrick
Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. A person is silhouetted as people shop for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. THE CANADIAN PRESS/Darryl Dyck

Inflation likely gained pace in August, economists expect, reversing progress

Latest consumer price index report to be released Tuesday

Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher. A person is silhouetted as people shop for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. THE CANADIAN PRESS/Darryl Dyck
Workers hold signs at a picket line outside a Metro grocery store in Toronto as workers rejected a tentative deal triggering a strike of nearly 3,700 grocery store workers in the Greater Toronto Area, Saturday, July 29, 2023. It was Samantha Henry’s first time on strike, and one that made headlines across the country. THE CANADIAN PRESS/Cole Burston

Canadians more supportive of striking workers amid inflation, corporate profits

Union support not tracked in Canada, but experts noticing more public sympathy

Workers hold signs at a picket line outside a Metro grocery store in Toronto as workers rejected a tentative deal triggering a strike of nearly 3,700 grocery store workers in the Greater Toronto Area, Saturday, July 29, 2023. It was Samantha Henry’s first time on strike, and one that made headlines across the country. THE CANADIAN PRESS/Cole Burston
Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers hold a press conference at the Bank of Canada in Ottawa, Wednesday, July 12, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Key interest rate could climb again, Bank of Canada cautions

Tiff Macklem says economy slowdown needs to continue and more measures may be needed

Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers hold a press conference at the Bank of Canada in Ottawa, Wednesday, July 12, 2023. THE CANADIAN PRESS/Sean Kilpatrick
Students await their bus on Douglas Highway Tuesday morning for the first day of the 2023-2024 school year. (Clarise Larson / Juneau Empire)

Back to school arrives with affordabilty, AI, climate change issues

Most families, however, are focused on the usual change of routines

Students await their bus on Douglas Highway Tuesday morning for the first day of the 2023-2024 school year. (Clarise Larson / Juneau Empire)
Sharon Ford outside her home in Metchosin. Ford’s home insurance went up from $4,200 to $10,210. (Bailey Moreton/News Staff)

Greater Victoria owner dinged with skyrocketing insurance after ‘luxury’ tag

Sharon Ford’s home insurance quote went up from $4,200 to $10,210

Sharon Ford outside her home in Metchosin. Ford’s home insurance went up from $4,200 to $10,210. (Bailey Moreton/News Staff)
The Bank of Canada is set to announce its interest rate decision this morning along with new economic projections. The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada hikes rate to 5%, expects slower return to inflation target

The central bank’s key rate raised by a quarter of a percentage point

The Bank of Canada is set to announce its interest rate decision this morning along with new economic projections. The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Wednesday, Jan. 11, 2023. THE CANADIAN PRESS/Sean Kilpatrick
Conservative Leader Pierre Poilievre rises during Question Period, Friday, June 16, 2023, in Ottawa. Poilievre’s attempt to block the federal government’s budget bill from passing earlier this month is the latest example of how government spending has come under scrutiny amid high inflation. THE CANADIAN PRESS/Adrian Wyld

High government spending means more inflation? It’s complicated, economists say

Scrutiny on government spending is far from over as inflation remains elevated

Conservative Leader Pierre Poilievre rises during Question Period, Friday, June 16, 2023, in Ottawa. Poilievre’s attempt to block the federal government’s budget bill from passing earlier this month is the latest example of how government spending has come under scrutiny amid high inflation. THE CANADIAN PRESS/Adrian Wyld
The Bank of Canada is set to announce its interest rate decision this morning as speculation about another rate hike heats up. A woman walks past the Bank of Canada headquarters, Wednesday, June 1, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada raises key interest rate amid stubbornly high inflation

Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001

The Bank of Canada is set to announce its interest rate decision this morning as speculation about another rate hike heats up. A woman walks past the Bank of Canada headquarters, Wednesday, June 1, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Water is sprayed on the artificial turf before Switzerland and Ecuador play a FIFA Women’s World Cup soccer match at B.C. Place stadium in Vancouver, B.C., on Friday June 12, 2015. THE CANADIAN PRESS/Darryl Dyck

Vancouver Whitecaps make pitch towards families as inflation, expenses hit fans

The Vancouver Whitecaps have the fourth lowest attendance in Major League Soccer

Water is sprayed on the artificial turf before Switzerland and Ecuador play a FIFA Women’s World Cup soccer match at B.C. Place stadium in Vancouver, B.C., on Friday June 12, 2015. THE CANADIAN PRESS/Darryl Dyck