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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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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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A Look Into LaGuardia Airport During Thanksgiving Holiday Travel
A Look Into LaGuardia Airport During Thanksgiving Holiday Travel
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Beyond Meat Plant Reportedly Shows Disgusting Conditions
Beyond Meat Plant Reportedly Shows Disgusting Conditions
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High prices eating into food budgets
Canada's inflation rate held steady at 6.9% in October, and CBC news asked people in Halifax how they are adjusting to high prices at the grocery store.
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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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Tough months ahead before economy improves: Bank of Canada governor
In a wide-ranging interview, Bank of Canada governor Tiff Macklem tells CBC's Peter Armstrong that Canadians should expect more interest rate hikes, and a mild recession is possible, as the central bank continues its fight against...
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Tanger Outlets CEO Discusses Consumer Spending Ahead of Holidays
Stephen Yalof, president & CEO of Tanger Outlets, joined Cheddar News to discuss consumer spending trends ahead of the holiday season.
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Lettuce prices skyrocket due to crop disease, supply chain issues
In parts of Canada lettuce is in short supply — and costing a lot more than usual — after drought conditions and disease affected supplies from California.
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High diesel prices hitting Maritime farmers, fishermen hard
Farmers and fishermen in the Maritimes are struggling with the dramatic price hike of diesel fuel, especially in New Brunswick where the cost of diesel jumped by 68 cents a litre overnight in an unscheduled adjustment.
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Ghana race to secure IMF bailout as economy falters
Anger grows about the rising cost of living in Ghana. Parliament is set to vote on sacking the Finance Minister.
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COP27 must be about implementing previous 'fine speeches' on climate change, EU Council chief says
Charles Michel stressed that climate change is "the challenge of our generation" and that only international cooperation can solve it.
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I can't afford anything healthy,' Winnipeg man on social assistance says
Todd Donohue, who suffers from Crohn's disease and is on social assistance, says the price of food is so high in Manitoba that people like him cannot afford healthy food and often have to choose between buying groceries and paying rent...
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Canada adds 108,000 jobs in October, unemployment steady at 5.2%
Canada's economy added 108,000 jobs in October, roughly 10 times what was expected. Still, an unexpectedly hot job market isn't enough to bring down the overall cost of living.
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Democracy ‘on the ballot’ as US midterms loom: Biden
US president warns country’s system of governance is under threat from people who refuse to recognise results.
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Ottawa rejects part of proposed Rogers-Shaw merger deal
The federal government says it’s denying part of Rogers’s bid to merge with Shaw, specifically pertaining to cell phone service. However, that doesn’t mean the deal is dead.
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How Canada’s interest rate hikes could impact your budget
Economist Armine Yalnizyan breaks down how the Bank of Canada’s interest rate hikes could impact the economy, and what it all means for your wallet.
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Canadians expected to pay more to heat homes this winter
Keeping warm at home could be a bigger part of Canadians’ budget this winter as natural gas prices begin to climb. Experts say Canada is selling its natural gas abroad due to worldwide demand, which is putting pressure on domestic supply.
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EU fails to agree on cap on gas prices after 11 hour summit
At least 15 EU countries want a cap on surging prices amid public anger over the cost of living, but Germany is resistan
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Apple Hikes Prices for TV and Music Streaming Services
Apple is raising prices on TV and music streaming services. The tech giant blames the increase on higher licensing fees and general inflation.
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Competition Bureau to study rising grocery prices
Canada’s consumer watchdog says it will study competition in the grocery industry and whether having more retail competitors could push back on price increases. But some industry experts say the issue goes deeper than how many grocery...
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Energy crisis: EU countries still split by 'different views' on gas cap
EU countries want to make sure a gas price cap would not threaten the security of supplies or lead to an increase in gas consumption.
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They could do this for everything they sell,' economist says of Loblaws limited price freeze
Economist and Director of the Centre for Future Work Jim Stanford says Loblaws's move to freeze prices on its No Name products 'absolutely confirms' what was already known about the supermarket business: that it's 'an oligopoly.'