inflation

Misha, 40, poses with her kids Krishna, 9, and 15-month-old Surya, in Toronto, in a Thursday, Dec. 8, 2022, handout photo. It has been a challenging year financially for many Canadians grappling with decades-high inflation and soaring interest rates. THE CANADIAN PRESS/HO-Tasneem Patla, *MANDATORY CREDIT*

From missing family time to making food, Canadians are cutting back amid inflation

Canadians coast-to-coast are making sacrifices and changes to their lifestyle

 

Falling Canadian dollars coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. As inflation continues to take its toll, some Canadians may also start taking a closer look at their spending habits.THE CANADIAN PRESS/Jonathan Hayward

Budgeting for the first time amid soaring inflation? Here are some tips

As inflation continues its gallop, some Canadians taking a closer look at their spending habits

 

People shop at a Loblaws store in Toronto on May 3, 2018. THE CANADIAN PRESS/Nathan Denette

Execs from grocery giants push back against inflation profiteering claims

Executives from Loblaw and Empire testified at the House of Commons agriculture committee

 

A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food prices in Canada will continue to escalate in the new year, with grocery costs forecasted to rise up to seven per cent in 2023, new research predicts.THE CANADIAN PRESS/Darryl Dyck

Canadian families will pay $1,065 more for groceries in 2023, report says

For a family of four, the total annual grocery bill is expected to be $16,288 next year

A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food prices in Canada will continue to escalate in the new year, with grocery costs forecasted to rise up to seven per cent in 2023, new research predicts.THE CANADIAN PRESS/Darryl Dyck
Finance Minister Selina Robinson speaks during a press conference at Goudy Field in Langford, B.C., on Wednesday, Sept. 7, 2022. THE CANADIAN PRESS/Chad Hipolito

B.C.’s strong economy, inflation concerns part of fiscal picture, minister says

Selina Robinson set to present province’s quarterly budget

Finance Minister Selina Robinson speaks during a press conference at Goudy Field in Langford, B.C., on Wednesday, Sept. 7, 2022. THE CANADIAN PRESS/Chad Hipolito
Bank of Canada Governor Tiff Macklem waits to appear before the House of Commons Finance Committee, Wednesday, November 23, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Inflation relief measures should be well-targeted and temporary, says Macklem

Bank of Canada governor tells feds to focus on policies aimed at mitigating effects on citizens

Bank of Canada Governor Tiff Macklem waits to appear before the House of Commons Finance Committee, Wednesday, November 23, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
A volunteer sorts through food items at the Saskatoon Food Bank and Learning Centre in a Sept. 2021, handout photo. The executive director of the centre says more people in Saskatoon are struggling to get food for themselves and their families as the prices in grocery stores rise out of reach. THE CANADIAN PRESS/HO-Saskatoon Food Bank and Learning Centre, Kenton Doupe, *MANDATORY CREDIT*

Survey suggests 20 per cent of Canadians skipping meals to cut down on food costs

Canada-wide survey says people using coupons, hunting for sales to cope with increasing food costs

A volunteer sorts through food items at the Saskatoon Food Bank and Learning Centre in a Sept. 2021, handout photo. The executive director of the centre says more people in Saskatoon are struggling to get food for themselves and their families as the prices in grocery stores rise out of reach. THE CANADIAN PRESS/HO-Saskatoon Food Bank and Learning Centre, Kenton Doupe, *MANDATORY CREDIT*
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada raises interest rate by half percentage point, says more hikes to come

‘We need the economy to slow down to rebalance demand and supply’: Macklem

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick
A meat counter in a grocery store is seen in Montreal, on Thursday, April 30, 2020. Canada’s competition watchdog is launching a study into the grocery sector to examine whether the highly concentrated sector is contributing to rising food costs. THE CANADIAN PRESS/Paul Chiasson

Competition watchdog launches study into grocery sector amid rising food prices

Food retail prices in September rose at the fastest pace since 1981, with prices up 11.4 per cent

A meat counter in a grocery store is seen in Montreal, on Thursday, April 30, 2020. Canada’s competition watchdog is launching a study into the grocery sector to examine whether the highly concentrated sector is contributing to rising food costs. THE CANADIAN PRESS/Paul Chiasson
Prime Minister Justin Trudeau speaks with reporters before attending caucus on Parliament Hill, Wednesday, October 19, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Liberal GST rebate bill passes as government pushes cost-of-living measures

Those eligible for the GST rebate will receive a lump-sum payment

Prime Minister Justin Trudeau speaks with reporters before attending caucus on Parliament Hill, Wednesday, October 19, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
People pass a large Christmas tree as they go shopping on Christmas Eve at a mall in Ottawa on Dec. 24, 2020. A new report from Deloitte Canada says holiday spending in Canada is expected to drop this year as inflation shrinks consumer buying power and economic uncertainty looms over household finances. THE CANADIAN PRESS/Justin Tang

VIDEO: Holiday spending expected to slump amid inflation

Canadian households forecast to spend an average of $1,520 this year

People pass a large Christmas tree as they go shopping on Christmas Eve at a mall in Ottawa on Dec. 24, 2020. A new report from Deloitte Canada says holiday spending in Canada is expected to drop this year as inflation shrinks consumer buying power and economic uncertainty looms over household finances. THE CANADIAN PRESS/Justin Tang
People shop for produce and seafood at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. THE CANADIAN PRESS/Darryl Dyck

Canada’s inflation rate drops slightly in September even as food costs climb

Deceleration in headline inflation was smaller than what analysts expected

People shop for produce and seafood at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. THE CANADIAN PRESS/Darryl Dyck
Doug Pawson, executive director of End Homelessness St. John's, poses for a picture in the City Centre of St. John's Newfoundland and Labrador on Friday, October 30, 2020. Anti-poverty advocates say the one-time cash payments being given to aid residents in several provinces deal with inflation are a missed opportunity to help those with the most need. THE CANADIAN PRESS/Paul Daly

As provinces hand out cash, advocates say inflation help should be more targeted

One-time nature of government payments mean they don’t address enduring needs

Doug Pawson, executive director of End Homelessness St. John's, poses for a picture in the City Centre of St. John's Newfoundland and Labrador on Friday, October 30, 2020. Anti-poverty advocates say the one-time cash payments being given to aid residents in several provinces deal with inflation are a missed opportunity to help those with the most need. THE CANADIAN PRESS/Paul Daly
A dentist at the Riley Hospital for Children Department of Pediatric Dentistry, checks the teeth of Justin Perez, 11, during an office visit in Indianapolis, Friday, Jan. 22, 2016. Conservative members of Parliament are arguing the Liberal's dental-care and rental-housing relief legislation will increase inflation rather than provide relief from the rising cost of living.THE CANADIAN PRESS/AP-Michael Conroy

Rent support, dental cheques would be ‘eviscerated’ by inflation: Conservatives

Legislation would give annual dental benefit to some families, one-time payment to some renters

A dentist at the Riley Hospital for Children Department of Pediatric Dentistry, checks the teeth of Justin Perez, 11, during an office visit in Indianapolis, Friday, Jan. 22, 2016. Conservative members of Parliament are arguing the Liberal's dental-care and rental-housing relief legislation will increase inflation rather than provide relief from the rising cost of living.THE CANADIAN PRESS/AP-Michael Conroy
Kashish Hukku Jani is seen in Vancouver, on Monday, Sept. 26, 2022. Jani, 22, a fourth-year communication design student at Emily Carr University, said skyrocketing living costs make it hard to focus on her studies. THE CANADIAN PRESS/Jonathan Hayward

Inflation hits international students hard, with some turning to food banks

One Vancouver food bank said three-quarters of the students it aids were from overseas

Kashish Hukku Jani is seen in Vancouver, on Monday, Sept. 26, 2022. Jani, 22, a fourth-year communication design student at Emily Carr University, said skyrocketing living costs make it hard to focus on her studies. THE CANADIAN PRESS/Jonathan Hayward
Speaker of the House of Commons Anthony Rota looks on during Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, June 16, 2022. The Conservatives’ cheeky catch phrase for inflation under the Liberals has gotten some MPs into trouble in the House of Commons, where saying “Justinflation” has been ruled as verboten. THE CANADIAN PRESS/Justin Tang

‘Justinflation’ can’t be said in the House of Commons, but MPs are trying anyway

Speaker Anthony Rota chastised Tory MPs this week for breaking the rules with their ‘play on words’

Speaker of the House of Commons Anthony Rota looks on during Question Period in the House of Commons on Parliament Hill in Ottawa on Thursday, June 16, 2022. The Conservatives’ cheeky catch phrase for inflation under the Liberals has gotten some MPs into trouble in the House of Commons, where saying “Justinflation” has been ruled as verboten. THE CANADIAN PRESS/Justin Tang
A pedestrian walks past a Deloitte sign in downtown Ottawa on Tuesday, Sept. 20, 2011. A tight labour market and elevated savings during the pandemic will cushion the impact of a recession on Canadians, says a new report from Deloitte. THE CANADIAN PRESS/Sean Kilpatrick

Labour shortage, pandemic savings to soften blow of short-lived recession: report

Deloitte forecasts Canada will enter a short-lived recession by the end of the year

A pedestrian walks past a Deloitte sign in downtown Ottawa on Tuesday, Sept. 20, 2011. A tight labour market and elevated savings during the pandemic will cushion the impact of a recession on Canadians, says a new report from Deloitte. THE CANADIAN PRESS/Sean Kilpatrick
A view of The Bank of England in London, Thursday, Sept. 22, 2022. Britain’s central bank is under pressure to make another big interest rate hike Thursday. Inflation in the United Kingdom is outpacing other major economies, but the U.S. Federal Reserve and other banks are moving faster to get prices under control. (AP Photo/Kirsty Wigglesworth)

Central banks worldwide tighten policies to cool inflation

Banks from the UK to Papan are following US lead on interest hikes

A view of The Bank of England in London, Thursday, Sept. 22, 2022. Britain’s central bank is under pressure to make another big interest rate hike Thursday. Inflation in the United Kingdom is outpacing other major economies, but the U.S. Federal Reserve and other banks are moving faster to get prices under control. (AP Photo/Kirsty Wigglesworth)
A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food inflation remains stubbornly high in Canada as grocery prices climbed at the fastest clip in more than four decades last month. THE CANADIAN PRESS/Darryl Dyck

Grocery prices in Canada continue meteoric ascent, rising at fastest pace since 1981

As overall inflation moderated in August, cost of food rose 10.8 per cent compared to a year ago

A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food inflation remains stubbornly high in Canada as grocery prices climbed at the fastest clip in more than four decades last month. THE CANADIAN PRESS/Darryl Dyck
The Peace Tower is seen through leaves in a tree on Parliament Hill in Ottawa on Oct. 23, 2019. The Liberals are signalling their fall priority will be on help for Canada’s most vulnerable as the House of Commons resumes sitting today. But all eyes are going to be looking to see if sparks fly between Prime Minister Justin Trudeau and new Conservative Leader Pierre Poilievre. THE CANADIAN PRESS/Sean Kilpatrick

Liberals move bills on GST benefits, dental care as Parliament resumes

Pierre Poilievre makes his debut in the Opposition leader’s chair

The Peace Tower is seen through leaves in a tree on Parliament Hill in Ottawa on Oct. 23, 2019. The Liberals are signalling their fall priority will be on help for Canada’s most vulnerable as the House of Commons resumes sitting today. But all eyes are going to be looking to see if sparks fly between Prime Minister Justin Trudeau and new Conservative Leader Pierre Poilievre. THE CANADIAN PRESS/Sean Kilpatrick