Erin Weir
Goldhawk Fights Back: Statistics Canada says inflation is only up a bit in Canada. That’s the good news. The bad: average wage increases are falling behind even those modest numbers. Erin Weir, an...
View ArticleUS AIMS TO KEEP RATES LOW LONGER
Following a two-day policy meeting, the U.S. Federal Reserve says it will spend $40 billion a month to purchase mortgaged-back securities because the economy is too weak to reduce high unemployment....
View ArticleWHY INTEREST RATES LIKELY WON’T RISE, JUST YET
Canada’s annual consumer price index dipped a-tenth of a point to 1.2-per cent last month. Statistics Canada says that puts inflation back to where it stood in May; the lowest point in more than two...
View ArticleCANADA’S INFLATION RATE RISES
Canada’s inflation rate rose half-a-point to 1.2 per cent. The rise is being attributed to rising gas and vehicle prices. B-C residents were the only ones in the country who weren’t paying more for...
View ArticleDESPITE MAYOR FORD’S PROTEST, TORONTO BUDGET SET TO GO WITH 2.5 PERCENT...
While Mayor Ford insists the 2014 budget has changed since he was stripped of his powers last week, Toronto’s City manager says that is not the case. Joe Pennachetti says city staff made no changes...
View ArticleBANK OF CANADA HOLD STEADY ON INTEREST RATES, WARNS OF LINGERING LOW INFLATION
The Bank of Canada’s interest rate will hold steady at one per cent for the foreseeable future. The Central Bank was not expected to make any changes to its trend-setting rate. But it’s also warning...
View ArticleCANADA’S INFLATION RATE EASES IN JULY
Canada’s annual inflation rate softened in July. But it’s not likely to set off any alarm bells. Prices increased year-over-year by 2.1 per cent. That’s down from 2.4 per cent in June. But they were up...
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BoC GOVERNOR: GET USED TO LOW LOONIE
As Canada continues struggling with falling commodity prices, the head of the country’s top bank has a simple message – get used to a low loonie and some inflation. In a speech Thursday at Ottawa city...
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LATEST INFLATION STATS ARE ‘FOOD’ FOR THOUGHT
Canada’s inflation rate rose to 1.5% in October, up slightly from the month before. Statistics Canada says a 2.5% increase in gas prices drove total inflation up. The cost of shelter rose 1.9% – the...
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BANK OF CANADA RAISES KEY RATE THIRD TIME SINCE SUMMER
As expected, the Bank of Canada has raised its key rate after recent economic numbers showed gross domestic product rising, a healthy jobs market and cost-of-living rising higher. The central bank’s...
View ArticleINFLATION RISES TO 2.2 PERCENT: STATISTICS CANADA
Canada’s annual pace of inflation sped up to 2.2 per cent last month to rise above the Bank of Canada’s ideal target of two per cent. The February data from Statistics Canada represented a significant...
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BoC HOLDS KEY INTEREST RATE – FOR NOW
The Bank of Canada rate, that impacts rates you get from your bank for savings accounts, mortgages and lines of credit, is staying at 1.25-percent. (Fred Chartrand/Canadian Press) Governor Stephen...
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