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.
Perhaps it’s time to challenge the old orthodoxy because the Bank of Canada is unlikely to reach its target of two per cent inflation without causing a recession.
With the cost of living rising at the fastest pace in decades, Canadians struggling to put food on the table are turning to community organizations for help.
Most Canadians believe the country is in a recession and that prices are going to continue to rise for the foreseeable future, according to a new poll.
Deputy Prime Minister Chrystia Freeland said the federal government is absolutely concerned about inflation, but dismissed critics who called her callous and out of touch for suggesting the high cost of gas is a reminder of why we need to transition to greener energy solutions.
Grabbing groceries before they get trashed has a green side-effect, too: reducing food waste cuts down on planet-warming greenhouse gas emissions, research shows.
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.