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inflation

Surge in newcomers putting pressure on inflation via housing demand: BoC official

by Anas Siddiqui
Surge in newcomers putting pressure on inflation via housing demand: BoC official

The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without …

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U.S. payrolls rose 199,000 in November, unemployment rate falls to 3.7%

by Ron Morgan
U.S. payrolls rose 199,000 in November, unemployment rate falls to 3.7%

A postal worker wearing a Santa hat, sorts through mail and packages during a media tour hosted by the US Postal Service at the Los Angeles Processing and Distribution Center, …

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CNBC Daily Open: AI to the rescue

by Walter Watson
CNBC Daily Open: AI to the rescue

A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters …

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As expected, Bank of Canada holds interest rate steady at 5%

by Anas Siddiqui
As expected, Bank of Canada holds interest rate steady at 5%

The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. The move was widely expected, as after raising its trendsetting rate 10 times since early …

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price hike: Mahindra & Mahindra announces price hike for passenger, commercial vehicles in 2024

by Horatio Thompson
price hike: Mahindra & Mahindra announces price hike for passenger, commercial vehicles in 2024

Mahindra & Mahindra on Wednesday announced its decision to raise prices for both passenger and commercial vehicle models, effective from January 2024. This strategic move comes in response to the …

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Majority of Canadians want Ottawa to spend more on health care, housing: poll  – National

by Vera Ward
Majority of Canadians want Ottawa to spend more on health care, housing: poll  – National

A majority of Canadians think the federal government should spend more on health care, a housing strategy and initiatives to ease inflation and cost-of-living issues, a new poll suggests – …

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Middle or upper income? Californians brace for higher electric bills

by Vera Ward
Middle or upper income? Californians brace for higher electric bills

The sun sets behind a row of electric towers in Fresno County on Sept. 6, 2022. Photo by Larry Valenzuela, CalMatters/CatchLight Local  People, the pain is real. If you’re one …

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Too early to be betting on rate cuts?

by Walter Watson
Too early to be betting on rate cuts?

Federal Reserve Board Chairman Jerome Powell speaks after a Federal Open Market Committee meeting on November 01, 2023 at the Federal Reserve in Washington, DC. Kevin Dietsch | Getty This …

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‘Premature’ to talk about about cutting rates?

by Ron Morgan
‘Premature’ to talk about about cutting rates?

U.S. Federal Reserve Board Chairman Jerome Powell participates in a panel discussion at the 24th Jacques Polak Annual Research Conference on November 8, 2023 in Washington, DC. Alex Wong | …

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The Fed’s So-Called ‘Inflation Fight’ Was a Big, Fat Non Sequitur

by Anas Siddiqui
The Fed’s So-Called ‘Inflation Fight’ Was a Big, Fat Non Sequitur

The Fed began raising “interest rates” on March 16, 2022. At the time the dollar price of gold was $1,936. 525 basis points worth of hikes later, the dollar price …

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