Inflation

Eligible Canadians will find a bit more cash in their bank accounts starting today as quarterly payments begin for the federal Liberals’ boosted affordability benefit.

Tens of thousands of Islanders will soon receive new affordability payments, as grocery bills and other household costs continue to put pressure on people across P.E.I.

A new survey of Canadian renters says affordability concerns continue to far outweigh all other rental market challenges even after nearly two years of declines in asking prices.

The Bank of Canada says feedback from stakeholders suggests there is strong support for its flexible inflation targeting and the two per cent target rate.

The Canadian dollar has steadily fallen over the past several weeks to trade around the 70 cents US mark as it finds itself caught between a weak domestic economy and strong demand for the U.S. dollar.

Gas and diesel prices have, in recent weeks, increased and decreased in Canada and around the world, as the United States and Iran inch closer to a final peace deal in a war that began in February.

Groceries were up 4.3% compared with a year ago. That’s the 16th month in a row that food has risen faster than inflation overall, a streak that has steadily eaten into household budgets.

Inflation accelerated to its highest level in more than two years in May as price pressures from the war in Iran started to crop up outside the gas pumps.

Statistics Canada released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples

Canada’s annual inflation rate was 3.2 per cent in May, Statistics Canada says. Here’s what happened in the provinces

High oil and gasoline prices are expected to push inflation higher when Statistics Canada reports its consumer price index for May on Monday.

Retail sales rose 0.5 per cent to $73 billion in April, pushed higher by sales at gas stations and auto dealers, Statistics Canada said on Friday.

If you’re forced into early retirement or have the means to retire sooner than expected, here are a few things to consider if you want to make it work.

Starting next month, the Alberta government will offer some citizens relief managing the high cost of living.

An Interac survey making the rounds this week confirmed what many single Canadians already suspected: living alone means paying more per person for groceries than those who share a household.