People who receive the GST rebate can expect to see an extra cheque this year that will double the amount of the benefit for the next six months, after the Liberal government's Bill C-30 became law on Tuesday.
In his latest economic and fiscal outlook, budget watchdog Yves Giroux says he expects the Bank of Canada to raise its key interest rate to four per cent by the end of the year, a move which is in line with financial markets' expectations.
Community groups in Prince Edward Island say they are worried that inflation, rent increases and the damage caused by post-tropical storm Fiona are leading to food insecurity among lower-income people.
Ontario Conservative MP Leslyn Lewis said on Tuesday, October 4, 2022, she is confident Pierre Poilievre will ensure all of the party's caucus voices are heard, amid calls for him to name her to a critic role.
Liberal payments for dental care and rental housing will only add to inflation, without providing relief from the rising cost of living, Conservative MPs argued in the House of Commons on Monday, October 3, 2022.
Legislation to temporarily double GST rebates to help low- and modest-income Canadians cope with high inflation is expected to pass the House of Commons later this week.
Senior federal bureaucrats examined whether cryptocurrencies protect against inflation not long after Opposition Leader Pierre Poilievre made the claim as a candidate in the Conservative leadership race, according to an internal government document.
Pierre Poilievre homed in on inflation, housing and tax increases during his first question period as leader of the official Opposition. He also fielded several retorts about his past comment that Canadians can “opt-out of inflation” with cryptocurrency.
The federal government’s newly announced inflation relief for lower-income Canadians through the GST rebate stacks up as a better policy than some of the cash payments issued by provinces, economists say.