For corporate profits, inflation is the gift that keeps on giving
Of every dollar spent on higher prices in the last two years, 47 cents were converted into corporate profits in four industries, led by mining, oil and gas extraction.
inflation
Pepsi and Coca-Cola snub federal industry minister
Canada's industry minister called out Pepsi and Coca-Cola for not sending representatives to a meeting he convened on Monday, September 25, 2023, with manufacturing companies to discuss stabilizing grocery prices.
Food and housing costs on agenda as MPs return to Ottawa for fall session
MPs are returning to the House of Commons today determined to find relief for Canadians feeling the pinch of inflation.
NDP calls for another housing benefit payment as cost of living soars
The federal government needs to issue another $500 benefit payment for low-income families struggling to keep a roof over their heads, NDP Leader Jagmeet Singh said on Thursday, August 31, 2023.
B.C. Premier David Eby asks Bank of Canada governor to stop interest rate hikes
In a letter Thursday to Bank of Canada governor Tiff Macklem, Eby urged him to consider the "human impact" of rate hikes, which the bank has employed as an anti-inflationary measure, before making a decision next Wednesday.
B.C. posts $704-million budget surplus
British Columbia finished last fiscal year $700 million in the black, after forecasts swung between multi-billion-dollar deficits and surpluses.
Liberals zero in on housing at cabinet retreat in Charlottetown
Prime Minister Justin Trudeau is set to deliver a new mission for his cabinet at a three-day retreat in Charlottetown this week, in a bid to restore Canadians' sense of economic security and their confidence in his government.
Extreme weather risk changing Canada’s insurance industry
Climate change is driving up insurance rates and raising questions about whether private coverage will even be available for some Canadians in the future.
EV rebates soared in spring
The number of rebates issued for electric vehicles soared in the spring, sparking hope that sales of battery-powered cars and trucks might finally be on track to meet national targets set by Ottawa.
Premiers urge feds to advance infrastructure plan to boost economic growth
Canada's premiers ended their annual three-day conference on Wednesday, July 12, 2023, with a call for a meeting with Prime Minister Justin Trudeau on infrastructure needs ranging from highways to housing.
Some Canadians expected to receive 'grocery rebate' today
Canadians eligible for the GST credit are expected to receive a special payment today to help with the rising cost of groceries.
Canadian food banks are 'addressing the symptom, not the cause'
The word "crisis" comes up quickly when speaking with those who run food banks across Canada.
IMF warns Canada's green subsidies are 'race to the bottom' but applauds our climate action
The International Monetary Fund warns that Canada's green subsidies could stoke an international race to the bottom, even as it credits the country for a "multipronged" approach to addressing climate change.
Does high government spending mean more inflation? It's complicated
Conservative Leader Pierre Poilievre's attempt to block the federal government's budget bill from passing earlier this month is the latest example of government spending coming under scrutiny amid high inflation.
Insurance giant won’t sell new home policies in California over wildfire risks
State Farm also cites the inflation of construction costs in a statement that comes after increasing wildfires in the state.