Families and businesses say they are feeling the impacts of inflation this holiday season. For some businesses, like Harrisons Coffee Company, inflation is really impacting how many customers are seeing come through their doors. “Our customers or potential customers don’t have as much disposable income, so they’re having to make choices between bananas or coffee … Read more
A Nova Scotia bicycle shop says paying employees a living wage has helped the business. Cyclesmith in Halifax made the move in September 2021. The shop has 31 full-time staff members and they make at least $23.50 per hour, according to owner Andrew Feenstra. Read more: NS workers ‘running in place’ as wages fail to … Read more
Four in five Canadians have changed their household menus to adapt to rising food prices, a new national survey has found. According to the Angus Reid Institute, 46 per cent of Canadian consumers are switching to cheaper brands at the grocery store, one-third are cutting back on meat, and one in five are buying less … Read more
With the holiday season ramping up, it’s a critical time of year for small businesses. But for retailers like Calgary’s UTB Fashions—facing the pressures of inflation, higher interest rates and a possible recession on the horizon—the walls seem to be closing in at just the wrong time. Read more: October’s inflation reading — Higher gas, … Read more
The most vulnerable Canadians are more likely to be worried about feeding their families as high inflation and interest rates take their toll, new polling shows, while fears of a recession threaten to compound the rising cost of living. While headline inflation has been abated in recent months, Ipsos polling conducted exclusively for Global News … Read more
OTTAWA – Canada’s inflation rate fell from its near 40-year high of 8.1 per cent in June to 7.6 per cent in July, Statistics Canada said Tuesday. The easing was largely attributable to gas prices, which have dropped in recent weeks, but similar relief has not extended to food costs. The latest consumer price index … Read more
Holiday spending in Canada is expected to drop this year as inflation shrinks consumer buying power and economic uncertainty looms over household budgets, a new report says. In its 2022 holiday retail outlook, Deloitte Canada said Tuesday overall holiday spending is expected to fall 17 per cent to $1,520 per household as recessionary concerns and … Read more
By The Staff The Canadian Press Posted June 21, 2022 9:10 am Descrease article font size Increase article font size Statistics Canada says retail sales rose 0.9 per cent to $60.7 billion in April, boosted by gains at general merchandise stores. The agency also says its early estimate for retail sales in May suggests a … Read more
Shoplifting appears to be on the rise at grocery stores in Canada as a growing number of supermarkets report an increase in thefts of food and pharmacy products. Industry experts say meat is the No. 1 stolen item followed by cheese and over-the-counter medicine. Liquor stores are also reporting an increase in theft since the … Read more
As prices at the grocery store continue to cause sticker shock for Ontarians, some are calling for a boycott of one of Canada’s largest grocery store chains — Loblaws. Some are claiming that it is not inflation driving prices up at the grocery store, but rather “greedflation” or price-gouging at the hands of grocers. Readmore: … Read more
