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
EDMONTON—Alberta Premier Danielle Smith gave her first televised address to the province Tuesday night and announced a long list of measures intended to address high inflation, rising food costs, expensive fuel at the pumps, and skyrocketing energy expenses. Smith said on Nov. 22 that details of the new Inflation Relief Act are still being finalized, … 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
This holiday season, from November 25 to December 24, Canadian retail sales (excluding Automotive) are expected to increase +5.7%* year over year (YOY) and +21.2% since pre-pandemic (2019), according to the Mastercard SpendingPulseTM holiday forecast. E-commerce retail sales are expected to grow +3.8% YOY (+63.1% YO3Y). Mastercard Spending Pulse measures in-store and online retail sales … 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
Inflation is out of control. On Wednesday, Statistics Canada reported that Canada’s annual inflation rate jumped to 7.7 per cent in May, the fastest pace of rising consumer prices in nearly four decades. Food costs at restaurants grew 6.8 per cent in May, while grocery prices also increased to 9.7 per cent. It’s hard to … Read more
The food inflation rate in Canada has reached nearly 11 per cent, the highest it’s been since 1981. With Canadians across the country feeling the pressure on their pocketbooks, many have picked up couponing as a way to save money at the till. Toronto resident Sharon Anderson wasn’t much of a couponer or flyer collector … Read more
It’s not just you. Groceries are more expensive than usual. Meat costs more than it did before the COVID-19 pandemic. Imported fruits and vegetables are rising in price due to supply chain snacks. The cost of dairy products has arisen. Across Canada, food inflation has consumers feeling sticker shock when they reach the checkout isolates. … 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
