ADVERTISEMENT

Bank of Canada keeps 2% inflation target in mandate renewal

The Bank of Canada and federal government have agreed to keep a target of two per cent inflation at the core of the central bank’s mandate.

Republicans were punished in the midterms for Trump’s economic policies, The AP Voter Poll shows

U.S. President Donald Trump was publicly humbled by inflation in Tuesday’s midterm elections, as rising prices provoked a blistering set of losses for Republicans in House, Senate and gubernatorial races.

How much further diesel prices need to fall before Canadian consumers see relief at the grocery store

The cost of diesel went down 13 cents in many parts of Nova Scotia on Wednesday morning to 256.5 cents a litre, with similar price drops across the country.

Rate hike could drag down already slumping housing market

After the Bank of Canada announced its new policy rate of 2.5 per cent, it conceded that the increase could further weigh down a Canadian housing market that’s already expected to shrink by one per cent this year.

Alberta’s oil advantage comes with a costly catch as Bank of Canada raises interest rates

Alberta’s energy sector is benefiting from higher oil prices, but those same prices are contributing to inflation concerns that helped prompt the Bank of Canada to raise interest rates.

U.S. Federal Reserve keeps rates unchanged despite elevated inflation

The U.S. Federal Reserve kept its key rate unchanged Wednesday at about 3.9 per cent despite stubbornly high inflation.

‘We think it’s premature’: Expert reaction to the Bank of Canada’s first rate hike since 2023

The Bank of Canada raised its key interest rate for the first time in more than three years on Wednesday, drawing mixed reaction from experts and lawmakers.

Bank of Canada raises interest rate as inflation projected to worsen

The Bank of Canada raised its policy interest rate by 25 basis points to 2.5 per cent. It’s the first hike since July 2023. The central bank wants to control inflation by reducing the risk that high fuel prices could spill over and seep into the overall economy.

Doerkson tells of 'productive conversation' with Carney on supercharging B.C. economy

British Columbia’s premier-designate Lorne Doerkson says he and Prime Minister Mark Carney are aligned on the need to supercharge the economy, attract investment and create good-paying jobs.

U.S. retailers face record holiday delivery prices from surcharges tied to costlier diesel

The most expensive parcel shipping year on record is on track to end with the highest-ever holiday season delivery prices as soaring diesel prices drive even higher fuel surcharge rates from UPS and FedEx, boosting costs for retailers.

Why P.E.I. students face tuition hikes more than double the national average

The halls are busy at the University of Prince Edward Island but for some students staying in school is getting harder to afford.

More Canadians are visiting food banks than ever, with monthly visits hitting record high

Canadians continue to struggle with the high cost of living, with monthly food bank visits up nearly nine per cent this year compared to last. According to Food Banks Canada’s annual HungerCount report, food bank visits have soared to 2.35 million per month in 2026, a 117 per cent increase from 2019.

Why are Canadian house prices outpacing other nations? New research provides insight

Housing prices in Canada climbed faster than those in most developed countries, more than doubling since 2005, according to a new report.

Inflation data shows high energy prices still contained, for now: economists

The annual pace of inflation rose to 3.1 per cent in September as war in the Middle East continued to drive up gas prices, Statistics Canada said.

Global food inflation is expected to intensify as supply shocks pile up

Global food inflation is poised to accelerate and persist well into 2027, as war-related shipping disruptions and El Niño-driven drought squeeze cereal supplies.