Canada Economics News
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Companies from McDonald's to 3M warn inflation is squeezing consumers
Higher prices have weighed on customers in an array of industries that interact with consumers. I used to judge people who chose to leave Newfoundland for work. Then I had to leave, too
In the fall of 2016, I forced the trunk of my rust-encrusted hatchback closed. The dishes rattled and the garbage bags of bedding shifted. Anything that couldn't fit — like the kitchen table from my childhood — was sold off on Kijiji to pay for gas. H Okanagan couple faces fines, legal action over tiny home
A Peachland, B.C., couple is facing the threat of a $1,000 fine and legal action if they do not remove their custom-built tiny home from their rural property by the end of April. Finance Minister Chrystia Freeland to present Liberals' federal budget on April 16
OTTAWA — Finance Minister Chrystia Freeland will present the federal budget on April 16, as cost-of-living issues continue to dominate Canadian politics. This homeless N.L. man lives on $175 a month. The federal housing monitor says it's not enough
Colin Young gets $175 a month through Newfoundland and Labrador's income support program. He's grateful for all of it, he says, the money isn't enough for the things that will help him find a job and secure permanent housing. This homeless N.L. man lives on $175 a month. The federal housing monitor says it's not enough
Colin Young gets $175 a month through the province's income support program. He's grateful for all of it, but the money isn't enough for the things he says will help him find a job and secure permanent housing. Why owning a dog or cat in Canada has become so expensive
From private equity overtaking veterinary clinics to a longstanding shortage of veterinarians, a complex web of factors is making it ever more expensive for Canadians who own a pet Canada's December inflation dashes hopes of early rate cut
Canada's annual inflation rate rose as expected in December, data showed on Tuesday, and underlying prices pressures remained, dashing hopes that the central bank would shift into rate-cut mode early this year. He slept on night buses and in a storage locker to avoid homeless shelters
After losing his home in June, John Grant Yusak headed to a Walmart parking lot in south Ottawa. That was only the beginning of his journey. Canada's annual inflation rate holds steady at 3.1%
Canada's annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled. They came to Quebec for a job. Now these migrant workers can't afford groceries
These migrant workers moved to Baie-Saint-Paul, Que., with the dream of working in Canada. But when they lost their jobs, their closed work permits made them rely on a food bank. Stay in a hotel for a month or rent an apartment in Toronto: Which is cheaper'
While the thought of staying in a hotel for a month might sound like an expensive proposition, it may actually be cheaper than paying rent in Toronto. With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians
Finance Minister Chrystia Freeland says that the interests of banks, government and Canadians are aligned when it comes to the process of renegotiating millions of mortgages over the next 18 months. Federal housing money coming too late, advocates say
Some Canadian housing advocates say Ottawa needs to move faster to get newly pledged money out the door to spur much-needed construction. The government committed $16 billion for rental and social housing in Tuesday's fall fiscal update, but funding won't Canada's inflation rate cools to 3.1% but the cost of living keeps going up
Canada's consumer price index rose by 3.1 per cent in the year up to October, down from 3.8 per cent the previous month but in line with what economists were expecting. Billions to be announced for housing construction in federal fiscal update, says source
Deputy Prime Minister and Minister of Finance Chrystia Freeland will announce billions of dollars in loans and other incentives for housing construction, CBC News has learned. Abandoned travel trailers, drug waste, burning garbage found at Okanagan encampment
Burning garbage, dilapidated trailers, metal, human excrement and "tons" more refuse of varying origin are what those who tread into a South Okanagan encampment find. 'We are in a crisis': 1 in 10 Torontonians now rely on a food bank, new report finds
The annual Who's Hungry report is calling on all levels of government to step up with haste as it reveals one in 10 Torontonians are relying on a food bank. With 420,000 Quebec public workers off the job today, unions announce 3 more strike days
Hundreds of thousands of public sector workers in education, health and social services are on strike Monday, with unions announcing three more strike days later this month. As cost of living soars, millions of Canadians are turning to food banks
A new report from Food Banks Canada released Wednesday says the number of people using food banks this spring reached its highest point since it began collecting data in 1989 — and about 17 per cent of them were employed. St. Lawrence Seaway: Business groups concerned as workers go on strike
Business groups urged the federal government to intervene to void a lengthy labour dispute at the St. Lawrence Seaway amid concerns that a strike that began early Sunday could have a profound affect on their members. More dual-income homes relying on food banks, volunteers say
The impact of soaring food prices is taking a hard toll on B.C.'s food banks, which have seen increasing demand in the lead up to Thanksgiving – including among double-income families. Woman living in tent wonders what she should be thankful for this Thanksgiving
Penny Mutrey says it’s hard not to think about a traditional turkey dinner this year, as she continues to sleep in a tent. She is one of dozens who are camped out in front of Confederation Building to protest a lack of housing. Nearly 200 volunteers gather at Daily Bread Food Bank to sort, pack food ahead of Thanksgiving
With Thanksgiving Day around the corner, almost 200 volunteers gathered at Daily Bread Food Bank over the weekend to sort and pack food for families in need across Toronto. Constant price hikes are making inflation worse, Bank of Canada deputy says in speech
Bank of Canada deputy governor Nicolas Vincent says businesses raising their prices more frequently than they did before the pandemic is contributing to higher-than-expected inflation.California raises fast food min. wage to US$20 per hour
A new law in California will raise the minimum wage for fast food workers to US$20 per hour next year, an acknowledgment from the state's Democratic leaders that most of the often overlooked workforce are the primary earners for their low-income household
A new law in California will raise the minimum wage for fast food workers to US$20 per hour next year, an acknowledgment from the state's Democratic leaders that most of the often overlooked workforce are the primary earners for their low-income household Live updates: Canada’s inflation rate jumps to 4.0% in August
The August inflation rate is well above the Bank of Canada’s 2 per cent target International students in Canada living in a tent on the side of road
The students are sleeping on the cement with no blankets. Food is being provided by donations and Burger King Give homeless people cash and they spend it on housing, study reports
Study counters public perception that cash would just be spent on drugs and booze, researcher says International students say they want to study in Canada, but staying is a problem if they can't find housing
Advocates for those who come to Canada to study say more needs to be done at all levels of government to not only build more student housing, but to examine the incentives post-secondary institutions have to bring students to Canada in the first place. Video promoting $2,000 rent for 200-square-foot Vancouver apartment widely criticized
The rents for newly renovated studio units at the Lotus Hotel had been publicly listed for $1,995 a month for some time, but it took a viral TikTok video to spark a larger conversation about the property — and the state of renting in Vancouver's Downtow Fitch downgrades US credit rating from AAA to AA+
The rating agency said it had noted a "steady deterioration" in governance over the last 20 years. Prairie producers face supply chain woes, uncertainty due to B.C. port labour dispute
Manitoba's pork sector is just one of the industries trying to catch-up on business following the 13-day work stoppage at B.C. ports. The Prairie province exports about $730 million worth of pork out of West Coast ports every year. How do your federal carbon tax costs compare to your rebates' This tool helps you calculate that
This interactive tool helps you get a better sense of how the federal carbon tax is affecting your household finances if you live in one of the provinces where it applies. Minimum wage couldn't land you a 1-bedroom unit years ago. Now, it's even worse. Here's why
A new report released Tuesday by the Canadian Centre for Policy Alternatives found that while minimum wages have risen since 2018, they haven't increased as fast as rental rates. Researchers say this not only leaves workers spending too much on rent, but Buying a car has never been more expensive, assuming you can even find one — here's why
The pandemic caused upheaval in the vehicle market. But three years later, most of the supply chain problems have been fixed, yet a new conundrum is emerging: prices are sky high, and buyers are facing lengthy wait time if they're lucky enough to find a d Canadian GDP growth beats StatCan forecast in Q1 2023
The Canadian economy grew at a stronger-than-expected annualized rate of 3.1 per cent in the first quarter of 2023. More B.C. tenants are evicted through no fault of their own than anywhere else in Canada
Renters in British Columbia face the highest eviction rates in Canada by far, but it’s through no fault of their own, according to a new report from researchers at the University of British Columbia. Ontario tenant hit with $350-a-month rent hike calls for more transparency in lease agreements
The St. Catharines, Ont., resident says a provincial brochure included in lease agreements is 'sneakily written' and left her under the false impression her townhouse was rent controlled. Snow crab harvesters face final offer in search of better prices
The proposal sets $2.20 per pound as the minimum price of snow crab for the rest of the season. There is the opportunity for increases, which would be tied to the Urner Barry Index, which dictates the market price. Canada's farming future in trouble unless 30,000 immigrants fill gap of retiring farmers, report says
Researchers say Canada needs 30,000 new immigrants to either start up their own farms, or take over existing ones, to avoid a looming labour crisis in the agriculture industry. Some worry, however, current programs aren't set up to attract or support thatBack to Canada News