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Black Friday deals bigger this year due to retailers’ excess inventory
This Black Friday, retailers are offering bigger and longer sales in an attempt to offload excess inventory after struggling for months with supply chain issues. But it comes at a time when Canadians are spending less thanks to inflation.
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U.S. Consumers Shop for Black Friday Deals Amid Historic Inflation
Michael Brown, partner and Americas retail leader at Kearney, joined Cheddar News to talk about the state of the retail industry on Black Friday.
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What is a recession? Is Europe already in one? It's not that easy to tell
Russia's war in Ukraine and the global energy crisis have drastically worsened Europe's economic outlook.
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Demand for food bank services has increased
Avery Beavers, the food support services co-ordinator for the Waterloo Undergraduate Student Association, spoke with CBC News about the Ontario Hunger Report's findings that first-time use of food banks in Ontario has risen by 64 per cent.
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Experts say financial literacy should be mandatory in schools
With the cost of living rising, experts say schools should do more to help young people learn how to manage their money, and even make financial literacy classes mandatory to graduate.
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Bank of Canada raises key lending rate to 4.25%
The Bank of Canada raised its benchmark interest rate by 50 basis points, to 4.25 per cent, but signalled it would pause and consider 'whether the policy interest rate needs to rise further.'
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Could this be the final rate hike from the Bank of Canada?
Sheila Block, senior economist at the Canadian Centre for Policy Alternatives, and Jean-François Perrault, chief economist at Scotiabank, joined Power & Politics Wednesday to discuss the Bank of Canada's seventh rate hike of the year.
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What to expect from inflation, food and housing costs in 2023
CBC business correspondents Peter Armstrong and Nisha Patel break down what to expect in 2023 when it comes to housing costs, food prices, interest rates and more.
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How new taxation changes in 2023 could affect Canadians
The federal government has introduced several changes to taxation and tax benefits for this year, including a First Home Savings Account (FHSA), an increased tax on home-flipping and a tax on unused or underused housing. Wealth...
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Overall inflation drops, but cost of food remains stubbornly high
"The world is still a pretty uncertain place out there," said former governor of the Bank of Canada David Dodge of the latest inflation data. "While we are seeing prices begin to respond to the slowing of the economy, we really will not...
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Canada faces 'turbulent' economic times, says associate finance minister
"We're going to have to weather the 2023 economic storm together," Randy Boissonnault, the associate federal finance minister, told Power & Politics on Tuesday.
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What a Divided Congress Means for Policies
Mark Avallone, founder and president of Potomac Wealth Advisors, joined Cheddar News to discuss what a divided Congress means for policy response, the economy and markets along with Medicare and tech regulation.
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What's Driving Higher Thanksgiving Costs
Brad Rubin, sector manager for Specialty Crops within Wells Fargo's Industry Advisory Group food and agribusiness unit, joined Cheddar News to discuss what factors are driving prices up for Thanksgiving.
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Navigating Credit Cards and Personal Debt
Ted Rossman, senior industry analyst at Creditcard.com, joined Cheddar News to give tips on personal finance amid rising debt. “Credit cards are like power tools. They could be really useful or they could be dangerous.”
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Alberta announces $2.4B affordability package
Most Alberta families will get $600 for each child and senior citizen as part of a new affordability package from the provincial government.
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Amazon is reportedly preparing to shed 10,000 corporate and technology jobs worldwide
The e-commerce giant had already frozen hiring after taking on too many staff during the COVID pandemic. Around 1 per cent of its workforce will be affected.
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Canada's inflation rate remained at 6.9% in October
Canada's inflation rate was 6.9 per cent in October, matching the pace seen the previous month. Statistics Canada says a rise in gas prices was offset by a dip in food costs.
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UK’s vulnerable await gov’t spending plan with anxiety
Deep cuts to social services in the UK as made it difficult for disabled people to access the care they need.
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Retail Sales Jump but Debt Rises as Well
Retail sales continued to improve despite inflation and jumped from a year ago but debt climbed as well.
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Canada’s inflation rate remains at 6.9%
Canada’s inflation rate remained at 6.9 per cent in October, kept high by fuel and food prices. But there is some good news: price hikes seem to be slowing.
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Need2Know November 17, 2022
Senate is on track to pass a same-sex marriage bill, the University of Virginia shooting suspect has been charged with murder, and inflation is heating up the cost of Thanksgiving. Here is everything you Need2Know for Thursday, November...
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Federal transport minister says he is ‘absolutely confident’ Bill C-33 will help tackle inflation
Federal Transport Minister Omar Alghabra says tabling C-33 will tackle inflation by both bringing relief to families and building a stronger supply chain.
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British cheesemaker sells company to overcome Brexit barriers
British cheesemaker Simon Spurrell had to sell his business to a larger company in order to regain access to EU customers after Brexit left him with an estimated £600,000 black hole in lost EU sales.
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Autumn statement: Hunt strives to play up UK's performance as he sets out austere budget
The UK finance minister said Britain was holding up against "unprecedented global headwinds" as he outlined a severe package of cuts and tax rises.