Inflation: Which foods are the most expensive in Canada?

Grocery prices continue to be one of the largest contributors to high inflation in Canada. The Consumer Price Index (CPI) report for June showed an inflation rate of 2.8 per cent year-over-year, following a 3.4 per cent increase in May 2023. While this decrease was positive, Statistics Canada said it was “fairly broad-based.” “Canadians continued to see elevated grocery prices (9.1 per cent) and mortgage interest costs (30.1 per cent) in June, with those indexes contributing the most to the headline CPI increase,” the CPI reads. “The all-items excluding food index rose 1.7 per cent.” Gasoline led to a decrease […]

How to reduce your monthly budget right now

As a concerning new report sheds light on the pressures facing Canadian consumers from the surging cost of household bills, this personal finance educator is sharing tips on how you can reduce your monthly budget. Kelley Keehn, from Money Wise Workspaces, spoke with Merella Fernandez on CTV News Channel’s Top 3 Tonight about steps you can take to slash your expenses right now. REDUCE YOUR EXPENSES NOW This doesn’t just mean “forgoing your coffee,” according to Keehn, but taking a deep look into your monthly costs and seeing what can be cut or renegotiated. Keehn suggests looking at the […]

Bank of Canada rates hike nails in coffin for economy

Breadcrumb Trail Links economy The Bank of Canada did exercise patience, but not enough Published June 08, 2023 • Last updated 1 day ago • 4 minute read The Bank of Canada’s tone on June 7 was hawkish, leaving the door open for another interest rate hike in July. Photo by Sean Kilpatrick /The Canadian Press Article content The Bank of Canada pulled an RBA and hiked rates on June 7 with the market mostly (call it 60-40) priced for no move and more than 80 per cent of Bay Street economists believing the central bank would hold its fire. […]

Canadian companies adopt ‘stay interviews’ as workers rethink careers – Business News

Photo: Sensei Labs When Tara Vanderloo’s employees are mulling leaving her enterprise software company, she wants to be one of the first people they tell — and to hear their unvarnished reasons why. “I know people get called by recruiters, so I’ve asked the question: ‘who are you talking to or what type of organizations?’” said the chief experience officer at Sensei Labs in Toronto. “Have you had any thoughts or are you questioning why do you want to be here?” Vanderloo poses the questions in one-on-one meetings she and other staff periodically have with the company’s workforce of roughly […]

Air Canada briefly grounds flights due to computer system problem – Business News

Glitch grounds flights The Canadian Press – May 25, 2023 / 11:06 am | Stories: 428570 Photo: The Canadian Press Air Canada planes sit on the tarmac at Pearson International Airport in Toronto on Wednesday, April 8, 2020. THE CANADIAN PRESS/Nathan Denette Air Canada briefly grounded its planes Thursday due to a problem with its computer system. The airline says a technical issue with the system it uses to transmit messages to aircraft and monitor their performance, prompted a halt to operations. Airline spokesman Peter Fitzpatrick said the temporary order was precautionary, and that the system is returning to normal. […]