The Canadian dollar CADUSD weakened against its US counterpart on Wednesday as investor sentiment soured, but the currency’s decline was capped as hot domestic inflation data led to raised bets on another jumbo interest rate hike by the Bank of Canada. Canada’s annual inflation rate inched down to 6.9 per cent in September, Statistics Canada … Read more
The Canadian dollar CADUSD weakened to a 10-day low against its broadly stronger US counterpart on Thursday as investors continued to assess minutes from the Federal Reserve’s latest policy meeting, but the decline was limited as oil prices moved higher. The loonie was down 0.1% at 1.2920 to the greenback, or 77.40 US cents, after … Read more
It’s not your imagination: Food is getting more expensive. Grocery prices have jumped 5.7 per cent over the past year, the sharpest increase in a decade. Bacon prices are up 19 per cent. Condiments have risen 10 per cent. And fresh fruit is up 5.6 per cent. It’s not generally the sort of thing that … Read more
