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inflation-rates

Why drought on the Prairies is making your steak more expensive

by Anas Siddiqui
Why drought on the Prairies is making your steak more expensive

Ask John Wildenborg if he thinks Canadians will be paying more for steak during future barbecue seasons, and the owner of Calgary specialty butcher shop Master Meats doesn’t hesitate. “Prices …

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U.S. inflation up 0.3% in January, Fed still expected to cut interest rates this year

by Anas Siddiqui
U.S. inflation up 0.3% in January, Fed still expected to cut interest rates this year

U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and health care, but it likely won’t change expectations that the Federal Reserve will start …

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Business bankruptcies shot up by more than 41% last year, as pandemic debts mount

by Anas Siddiqui
Business bankruptcies shot up by more than 41% last year, as pandemic debts mount

Business insolvencies jumped by more than 41 per cent in 2023, according to data released Friday by Canada’s top financial regulator. The report from the Office of the Superintendent of Bankruptcy …

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High interest rates aren’t to blame for housing crisis, Bank of Canada governor says

by Anas Siddiqui
High interest rates aren’t to blame for housing crisis, Bank of Canada governor says

Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. Macklem faced multiple questions on …

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Bank of Canada says government efforts to curb housing crisis will help ‘gradually’

by Anas Siddiqui
Bank of Canada says government efforts to curb housing crisis will help ‘gradually’

The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building …

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In an Iowa gym, Republicans faced a choice. They chose Donald Trump

by Walter Watson
In an Iowa gym, Republicans faced a choice. They chose Donald Trump

In school gyms, libraries and community centres across Iowa on Monday night, the Republican Party found itself at a fork in the road. It chose the path of Donald Trump. …

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What does 2024 have in store for the Canadian economy?

by Anas Siddiqui
What does 2024 have in store for the Canadian economy?

It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing …

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After years of turbulence, small clothing designers struggle for a sustainable model

by Anas Siddiqui
After years of turbulence, small clothing designers struggle for a sustainable model

Amid high inflation, rising operating costs and shrinking Canadian demand, clothing designers in Nova Scotia say they’re struggling to find a sustainable business model. Designers say they’ve had to adjust to …

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Some mortgage rates are dropping, but renewed loans could keep economy slow

by Anas Siddiqui
Some mortgage rates are dropping, but renewed loans could keep economy slow

As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on …

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Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

by Anas Siddiqui
Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached …

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