Groceries are shown at a store in Toronto on Feb. 2.Frank Gunn/The Canadian Press The federal NDP says corporate greed is driving up food prices as Big Grocery gouges consumers to swell its profits. Higher corporate taxes are the solution, Leader Jagmeet Singh says, echoing calls from left-leaning politicians in the United States. “When the … Read more
It’s not just your imagination. Restaurants really are overflowing in ways not seen since before the pandemic. Despite crushing inflation, an acute labor shortage and the lingering effects of pandemic isolation – not to mention mounting fears of recession – figures released by Statistics Canada this week showed sales at food services and drinking places, … Read more
The vast majority of Canadian households, especially those with children, are worried about feeding their families amid decades-high inflation, according to a new survey. Polling from Ipsos conducted exclusively for Global News earlier this month shows that 72 per cent of families with children are worried about putting food on the table after inflation hit … Read more
Food costs are out of control due to inflation. So, let’s cut to the chase and deal up nine ways you can save money and still eat well. Generic brands for all your staples The ingredients are basically the same, but the prices can be up to 30 per cent less. Pasta, canned goods, flour, … Read more
Montrealer Olivia Collette sold her car in 2016 and hasn’t looked back. Collette, a communications consultant living in central Montreal, said getting around using a bicycle, a car-sharing service or a transit pass has not only saved her money, it’s often more enjoyable. “When it’s sunny and warm, it’s really pleasant,” Collette said of her … Read more
The Canadian dollar CADUSD on Thursday strengthened for the sixth day in seven against its broadly weaker US counterpart as oil prices rose and the Bank of Canada signaled it has much more work to do to bring inflation under control. Canada’s central bank will probably have to raise its policy rate to the top … Read more
Buenos dias, The Bank of Canada announced another oversized interest-rate hike yesterday and said that it is prepared to “act more forcefully if needed,” signaling that it intends to keep pushing borrowing costs rapidly higher in an effort to bring inflation back under control. The central bank’s governing council voted to raise the policy rate … Read more
The Canadian dollar CADUSD strengthened to its highest level in nearly six weeks against its broadly stronger US counterpart on Wednesday, as oil prices rose and investors awaited a Bank of Canada interest rate decision. Canada’s central bank is widely expected to raise interest rates by half a percentage point for a second straight meeting. … Read more
Engaged couple Theo Markou and Laura Payne water their garden bed, where they sowed various flower seed that will be used for their upcoming summer wedding, at their home in Caledon, Ont., on Tuesday, May 24, 2022. Tijana Martin/ The Globe and MailTijana Martin/The Globe and Mail Nicola Hancock and Brad Stewart are getting married … Read more
If you’ve noticed your grocery bill getting higher and higher, it’s probably because food prices in Canada have gone up over the last year as inflation hit a 30-year high. Statistics Canada released its annual review of the Consumer Price Index, which measures price changes of consumer goods and services, on January 19 and there … Read more
