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Inflation is down slightly to 6.8%, but food prices, rent keep soaring
Canada's inflation rate cooled to 6.8 per cent in November, as prices for gasoline and furniture went down. But the cost of food and rent still went up.
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Inflation rate falls slightly but food, rent costs still climbing
Canada’s inflation rate fell slightly in November to 6.8 per cent, a 0.1 per cent decrease, but the cost of food and rent are still increasing, according to new data from Statistics Canada. That’s left millions of Canadians struggling to...
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Rising prices hit the US Christmas holiday shopping rush
With just a few days until Christmas, the last-minute shopping rush is well under way.
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Rail fares set to rise by almost six per cent next year
Rail fares set to rise by almost six per cent next year
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People in Istanbul struggle as Turkey's cost of living soars
Inflation in Turkey this year has been the highest since President Recep Tayyip Erdogan took office nearly 20 years ago.
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Passport control staff strike at six UK airports for better pay
More than 1,000 Border Force officers are expected to walk out at six airports over pay amid the cost-of-living crisis.
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Russia hit with ninth round of sanctions over invasion of Ukraine
European and United States sanctions on Russia have forced many international companies and brands to leave the country.
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Food banks struggling with unprecedented demand during holidays
Food banks in Canada say they're struggling to keep up with an unprecedented demand they say they can’t sustain long-term, prompting some advocates to call for for systemic changes to address poverty and food insecurity.
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Argentina’s fans celebrate in the streets after World Cup victory
‘This team made people fall in love with them for the first time in decades,’ an Argentinian fan said.
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High-inflation dating: singles cope with cost-of-living crunch
Dating is hard enough at the best of times, but Canada’s high inflation rate is making things even more complicated and forcing some budget-conscious singles to find cheaper ways to connect.
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Taking a Deeper Look Into Rising Prices This Year
Cheddar News takes a deep look into rising prices across all sectors this year.
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Rent Rage: You need to earn how much to live in Toronto?
For the first time ever, the average rent in Canada has soared past $2,000/month — and it's even higher for people living in Toronto. CBC’s Ellen Mauro breaks down how it got so bad and what it will take to fix the problem.
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Bank of Canada strategy to tame inflation is out of date, says economist
Economist Armine Yalnizyan says the kinds of inflationary pressures that exist today make it extremely difficult for the Bank of Canada to tame inflation to about 2 per cent through interest rate hikes.
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Retail Sales Fall Amid Pullback in Auto Sales
Retail sales in the U.S. fell more than expected as auto sales saw a steep decline.
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'There's certainly a bit of hope,' says economist on interest rate hike
Chief economist at Scotiabank, Jean-Francois Perrault, reacts to the Bank of Canada raising its benchmark interest rate for the seventh time this year to 4.25 per cent, but signalling that rate hikes could end soon.
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Breaking down the latest rate hike
CBC's Peter Armstrong explains the thinking behind the Bank of Canada's latest interest-rate hike and whether it may be the last one for a while.
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Rate hikes have had 'zero impact' on inflation, says economist
Jim Stanford, director of the Centre for Future Work says raising interest rates is not the only way to tackle inflation in Canada.
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Report predicts grocery bill for family of 4 will go up by $1,000 in 2023
The 2023 Food Price Report predicts that grocery costs will rise up to seven per cent in 2023, or an increase of about $1,000 for a typical family of four.
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Food prices will continue to rise in 2023: report
The financial pain from high food prices isn’t expected to go away for a while, a new report from Dalhousie University suggests. That’s bad news for some families who say they don’t see what else they could cut from their grocery bills.
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Consumer debt climbs in Canada, up 7.3% from last year: Equifax
Equifax Canada says consumer debt rose to $2.36 trillion in the third quarter this year, driven by more than 1.5 million new credit cards issued to Canadians in the last three months.
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Homeowner talks about latest rate hike
Toronto homeowner Rebecca Cossar says another hike by the Bank of Canada this week is likely to cause her mortgage's interest rate to go from under 2 per cent right now, to over 7 per cent when she has to renew in February.
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Border force workers at UK airports to strike over Christmas
From trains to planes - the UK border force becomes the latest to announce a strike over the Christmas period.
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Christmas tree shortage driving price jump
Families should expect to pay more for a Christmas tree this year as a shortage of trees is once again driving up prices. There are problems right across the country for a variety of reasons including weather-related issues and too many...
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Big fare increases on way as Tube and bus chiefs eye £6bn pot to break even
Tube and bus passengers will be paying a record £6bn a year in fares to Transport for London under its new plans to break even, it can been revealed.TfL finance chiefs expect annual fares income to increase by £1.7bn or 40 per cent over...