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Federal budget 2023: 7 key takeaways on climate, dental care and the deficit

In the News   |   March 29, 2023

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The federal government unveiled its 2023 budget on Tuesday with promised spending on the climate and dental care, and increasing taxes on higher-income Canadians. Here are the big takeaways from the budget. Home savings account comes into... read more

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Canada’s inflation rate eases by most since early in the pandemic, but grocery costs still rising fast

In the News   |   March 22, 2023

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Canada’s annual inflation rate fell to 5.2 per cent in February, the biggest drop since the early stages of the pandemic, although grocery prices are still climbing by more than 10 per cent. Financial analysts had been... read more

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Cities’ downtown cores are hollowing out, but small towns and suburbs tell a different story

In the News   |   November 23, 2022

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The downtowns of most major Canadian cities are still facing a substantial dip in foot traffic compared with prepandemic norms – but the opposite is true of smaller towns and suburbs within commutable distance of... read more

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PM aims to give inflation relief to low-income Canadians with $4.6-billion package

In the News   |   September 14, 2022

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Prime Minister Justin Trudeau has announced a $4.6-billion package of income-tested measures aimed at helping Canadians struggling with higher costs of living, at the same time insisting that the injection of new cash into the... read more

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The U.S. Senate just passed a historic climate bill. What you need to know about the Inflation Reduction Act

In the News   |   August 11, 2022

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After months of negotiations, the U.S. Senate passed new legislation focused on reducing carbon emissions and steering consumers toward green energy. The US$430-billion bill represents the country’s largest single investment to combat climate change, earmarking... read more

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What is stagflation, and does it lead to a recession? What you need to know as global economic worries grow

In the News   |   June 20, 2022

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The world economy is being hammered on all sides. Russia’s invasion of Ukraine, soaring inflation and rising interest rates are weighing on global growth and pushing many countries towards recession. That’s reviving concerns about “stagflation” – a noxious combination of... read more

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As high inflation lingers, retailers brace for a tapped-out consumer

In the News   |   June 10, 2022

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If flirty dresses and bright colours were signs of a strong economy, you might think consumers are on to the next spending spree. After months of a lockdown-related boom in loungewear, more formal attire is... read more

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Fake meat was touted as the ‘future of food.’ Why did it fail to deliver?

In the News   |   May 30, 2022

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Plant-based proteins and other ‘meat analogues’ seemed an ideal solution to much of the world’s food sustainability problems, but producers like Beyond Meat are facing hurdles with consumers and investors. Late last year, Michael McCain... read more

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What does inflation mean for the cost of living and everyday goods in Canada? Here’s what you need to know

Articles of Interest   |   May 24, 2022

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Canada’s inflation rate hit a 31-year-high in April as prices continue to rise from the grocery store to the gas station. But what, exactly, is inflation and how long will it remain at record highs?... read more

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Canada is facing a ‘terrible’ food crisis, says Maple Leaf CEO Michael McCain

In the News   |   May 24, 2022

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A “terrible tragedy” is unfolding across Canada, where 5.8 million people are living in food insecurity, says Maple Leaf Foods MFI-T -0.11%decrease chief executive Michael McCain. They do not have adequate access to food due to financial... read more

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Canadians are sitting on $300-billion in excess savings. What happens next is anyone’s guess

In the News   |   May 16, 2022

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During the pandemic, households have saved a lot more cash than usual. Where it’s spent – and how quickly – carries big implications for the economy. Paul Bannister is making up for lost time. He... read more

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Federal budget earmarks $56-billion in new spending, higher taxes as critics fear it will fuel inflation

In the News   |   April 8, 2022

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The federal government’s 2022 budget plan lays out more than $56-billion in new spending over six years, as part of a package Finance Minister Chrystia Freeland says will boost innovation and green technology. The budget, which the... read more

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Inflation nation: Why the price of seemingly everything is on the rise

In the News   |   March 18, 2022

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Two years into the pandemic, it’s getting tougher for Canadian households to avoid steep inflation. The annual inflation rate hit a three-decade high of 5.7 per cent in February, and it’s only likely to get... read more

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The trouble with sanctions against Russia: Economic war is a slow grind, not the quick hit Ukraine wants

In the News   |   February 28, 2022

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Since Russian President Vladimir Putin’s actions this week are a carefully calculated bet, it is likely that the West will have to consider sanctions as a long-term strategy. With Russian tanks inside their borders and... read more

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Inflation may be coming for your pizza and ice cream, as milk prices soar

Articles of Interest   |   February 14, 2022

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Popular comfort foods such as pizza and ice cream may become more expensive for consumers after Canada’s dairy supply management body raised the price of milk this month. At restaurants, cheese usually makes up around... read more

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