inflation

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.

At Tungasuvvingat Inuit in Ottawa, communal feasts and gatherings are built into the culture of the community food bank.

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.

A confidence and supply agreement reached between the Liberals and NDP three months ago changed the dynamic of the House of Commons, even in a parliamentary sitting that will mainly be remembered for the axing of another Conservative leader, and the further polarizing of Canadian politics by a convoy against pandemic restrictions.

In the absence of some way to end the conflict in Ukraine or magically clear up global supply chain issues, the government is left to manage a crisis it can’t really control, writes columnist Max Fawcett.

The reason that pump prices in this country aren’t yet reflecting a reduction in demand, Muralidharan said, is that U.S. driver demand is still so high. Because North American fuel refiners have the option to sell into either the Canadian or U.S. markets, as long as demand remains high south of the border, fuel prices in this country will remain elevated.

High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can still handle the rising interest rates needed to tame inflation, Bank of Canada governor Tiff Macklem said on Thursday, June 9, 2022.

More than one-third of Canadians — 38 per cent — call money their biggest stressor, according to the FP Canada 2022 Financial Stress Index.

Candidates competing to lead the federal Conservatives traded barbs over contentious language laws, inflation and the trucker convoy in the race's only French-language debate on Wednesday, May 25, 2022, night, with Pierre Poilievre finding himself on the defensive through parts of the evening.

A new analysis of government finances across the country says revenues were much stronger than expected in the last year due to higher inflation and economic growth.