inflation

People shop in a grocery store in Montreal, Wednesday, November 16, 2022. The CEOs of Canada’s largest grocery store chains have been summoned to a House of Commons committee to answer for rising grocery prices. THE CANADIAN PRESS/Graham Hughes

MPs summon big grocery store CEOs to testify in Ottawa about food price inflation

Members of Parliament have summoned the heads of Canada’s largest grocery store…

People shop in a grocery store in Montreal, Wednesday, November 16, 2022. The CEOs of Canada’s largest grocery store chains have been summoned to a House of Commons committee to answer for rising grocery prices. THE CANADIAN PRESS/Graham Hughes
Students on UVic campus in Victoria. (Austin Westphal/News Staff)

Desperate B.C. students raiding dumpsters, using food banks and bartering for meals

Students at the University of Victoria are experiencing a hike in food insecurity, with little help

Students on UVic campus in Victoria. (Austin Westphal/News Staff)
Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul

How much Canadians have fallen behind amid high inflation and who’s hurting the most

A closer look at how the climbing cost of living is affecting people across the country

Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul
Victoria seniors are struggling to afford food due to rising costs. (Pexels photo)

B.C. seniors – and parents – skipping meals as ‘sticker shock’ from food inflation hits

Greater Victoria residents open up about financial struggles and their sacrifices

Victoria seniors are struggling to afford food due to rising costs. (Pexels photo)
Higher grocery prices are expected to hit some stores in Canada soon as a blackout on price increases over the holiday season comes to an end. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul
Higher grocery prices are expected to hit some stores in Canada soon as a blackout on price increases over the holiday season comes to an end. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul
People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Monday, Dec. 26, 2022. Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.THE CANADIAN PRESS/Spencer Colby

Despite inflation slowing in December, Bank of Canada still expected to hike rates

Inflation rate peaked in the summer at 8.1 per cent and has been slowly decelerating since

People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Monday, Dec. 26, 2022. Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.THE CANADIAN PRESS/Spencer Colby
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada will release its business outlook and consumer expectations surveys this morning.THE CANADIAN PRESS/Sean Kilpatrick

More businesses expect sales to slip as high inflation, rates weigh on spending: BoC

72 per cent of consumers expect a recession in the months ahead

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada will release its business outlook and consumer expectations surveys this morning.THE CANADIAN PRESS/Sean Kilpatrick
Wedding rings sit on a table in Memphis, Tenn. on March 22, 2015. THE CANADIAN PRESS/AP-Karen Pulfer Focht

50 guests or less: Couples opt for micro-weddings amid inflation

Aim is creating something intimate, personalized and fun, instead of stressful and budget-breaking

Wedding rings sit on a table in Memphis, Tenn. on March 22, 2015. THE CANADIAN PRESS/AP-Karen Pulfer Focht
A sign outside a building at Statistics Canada in seen in Ottawa on March 12, 2021. THE CANADIAN PRESS/Justin Tang

Canada’s annual inflation rate fell slightly to 6.8% in November

Grocery prices, however, climbed at a faster rate in November — 11.4%

A sign outside a building at Statistics Canada in seen in Ottawa on March 12, 2021. THE CANADIAN PRESS/Justin Tang
Outreach volunteers offer help to the homeless on a -20 C night in Calgary, Alta., Tuesday, Dec. 14, 2021. Social agencies and advocates say rising interest rates and a high rate of inflation are pushing more Canadians into homelessness. THE CANADIAN PRESS/Jeff McIntosh

‘Perfect storm’ of inflation, high prices driving more into homelessness: advocates

Housing shortage, opioid crisis also making matters worse

Outreach volunteers offer help to the homeless on a -20 C night in Calgary, Alta., Tuesday, Dec. 14, 2021. Social agencies and advocates say rising interest rates and a high rate of inflation are pushing more Canadians into homelessness. THE CANADIAN PRESS/Jeff McIntosh
Tiff Macklem, Governor of the Bank of Canada is seen at the Bank of Canada in Ottawa, on Wednesday, Oct. 26, 2022. Macklem is expected to make an end of the year speech this afternoon. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada governor warns geopolitical trends could make inflation fight harder

After peaking at 8.1 per cent in July, Canada’s inflation rate slowed to 6.9 per cent in October

Tiff Macklem, Governor of the Bank of Canada is seen at the Bank of Canada in Ottawa, on Wednesday, Oct. 26, 2022. Macklem is expected to make an end of the year speech this afternoon. THE CANADIAN PRESS/Sean Kilpatrick
Misha, 40, poses with her kids Krishna, 9, and 15-month-old Surya, in Toronto, in a Thursday, Dec. 8, 2022, handout photo. It has been a challenging year financially for many Canadians grappling with decades-high inflation and soaring interest rates. THE CANADIAN PRESS/HO-Tasneem Patla, *MANDATORY CREDIT*

From missing family time to making food, Canadians are cutting back amid inflation

Canadians coast-to-coast are making sacrifices and changes to their lifestyle

Misha, 40, poses with her kids Krishna, 9, and 15-month-old Surya, in Toronto, in a Thursday, Dec. 8, 2022, handout photo. It has been a challenging year financially for many Canadians grappling with decades-high inflation and soaring interest rates. THE CANADIAN PRESS/HO-Tasneem Patla, *MANDATORY CREDIT*
Falling Canadian dollars coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. As inflation continues to take its toll, some Canadians may also start taking a closer look at their spending habits.THE CANADIAN PRESS/Jonathan Hayward

Budgeting for the first time amid soaring inflation? Here are some tips

As inflation continues its gallop, some Canadians taking a closer look at their spending habits

Falling Canadian dollars coins or loonies are pictured in North Vancouver, B.C. Wednesday, May 29, 2019. As inflation continues to take its toll, some Canadians may also start taking a closer look at their spending habits.THE CANADIAN PRESS/Jonathan Hayward
People shop at a Loblaws store in Toronto on May 3, 2018. THE CANADIAN PRESS/Nathan Denette

Execs from grocery giants push back against inflation profiteering claims

Executives from Loblaw and Empire testified at the House of Commons agriculture committee

People shop at a Loblaws store in Toronto on May 3, 2018. THE CANADIAN PRESS/Nathan Denette
A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food prices in Canada will continue to escalate in the new year, with grocery costs forecasted to rise up to seven per cent in 2023, new research predicts.THE CANADIAN PRESS/Darryl Dyck

Canadian families will pay $1,065 more for groceries in 2023, report says

For a family of four, the total annual grocery bill is expected to be $16,288 next year

A woman shops for produce at the Granville Island Market in Vancouver, on Wednesday, July 20, 2022. Food prices in Canada will continue to escalate in the new year, with grocery costs forecasted to rise up to seven per cent in 2023, new research predicts.THE CANADIAN PRESS/Darryl Dyck
Finance Minister Selina Robinson speaks during a press conference at Goudy Field in Langford, B.C., on Wednesday, Sept. 7, 2022. THE CANADIAN PRESS/Chad Hipolito

B.C.’s strong economy, inflation concerns part of fiscal picture, minister says

Selina Robinson set to present province’s quarterly budget

Finance Minister Selina Robinson speaks during a press conference at Goudy Field in Langford, B.C., on Wednesday, Sept. 7, 2022. THE CANADIAN PRESS/Chad Hipolito
Bank of Canada Governor Tiff Macklem waits to appear before the House of Commons Finance Committee, Wednesday, November 23, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Inflation relief measures should be well-targeted and temporary, says Macklem

Bank of Canada governor tells feds to focus on policies aimed at mitigating effects on citizens

Bank of Canada Governor Tiff Macklem waits to appear before the House of Commons Finance Committee, Wednesday, November 23, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
A volunteer sorts through food items at the Saskatoon Food Bank and Learning Centre in a Sept. 2021, handout photo. The executive director of the centre says more people in Saskatoon are struggling to get food for themselves and their families as the prices in grocery stores rise out of reach. THE CANADIAN PRESS/HO-Saskatoon Food Bank and Learning Centre, Kenton Doupe, *MANDATORY CREDIT*

Survey suggests 20 per cent of Canadians skipping meals to cut down on food costs

Canada-wide survey says people using coupons, hunting for sales to cope with increasing food costs

A volunteer sorts through food items at the Saskatoon Food Bank and Learning Centre in a Sept. 2021, handout photo. The executive director of the centre says more people in Saskatoon are struggling to get food for themselves and their families as the prices in grocery stores rise out of reach. THE CANADIAN PRESS/HO-Saskatoon Food Bank and Learning Centre, Kenton Doupe, *MANDATORY CREDIT*
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada raises interest rate by half percentage point, says more hikes to come

‘We need the economy to slow down to rebalance demand and supply’: Macklem

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick
A meat counter in a grocery store is seen in Montreal, on Thursday, April 30, 2020. Canada’s competition watchdog is launching a study into the grocery sector to examine whether the highly concentrated sector is contributing to rising food costs. THE CANADIAN PRESS/Paul Chiasson

Competition watchdog launches study into grocery sector amid rising food prices

Food retail prices in September rose at the fastest pace since 1981, with prices up 11.4 per cent

A meat counter in a grocery store is seen in Montreal, on Thursday, April 30, 2020. Canada’s competition watchdog is launching a study into the grocery sector to examine whether the highly concentrated sector is contributing to rising food costs. THE CANADIAN PRESS/Paul Chiasson