Canada's inflation rate likely took another dip last month, but with many Canadians still struggling with the cost of living, the federal government is facing pressure to deliver more help in the upcoming budget.
As Canadians struggle to afford essential goods and services, the spoils of inflation are ending up largely in corporate profits, particularly in the oil, gas and mining industries, a new analysis reveals.
Laurie O'Connor says more people in Saskatoon are struggling to get food for themselves and their families as prices in grocery stores rise out of reach.
Young people are feeling the pinch of inflation more than their older counterparts, as the ever-increasing cost of living in Toronto is forcing some to rethink their plans.
For all the talk about deficits, supply chains and other knock-on impacts of the COVID-19 pandemic, oil and gas have applied the bulk of the inflationary pressure on both global economies and household budgets, writes columnist Max Fawcett.
Newly released documents show the Finance Department last year warned that the pace of price increases could gain speed, even as the Liberal government and central bank maintained that inflationary pressures were temporary.
Statistics Canada is scheduled to release October's inflation rate today, November 17, 2021, in the shadow of economic warnings that the pace of price growth is likely to accelerate.
The cost to put food on the table and gasoline in the car pushed up the cost of living in September, lifting the annual pace of price increases to a near two-decade high with no clear end in sight to the elevated readings.