Inflation Rate
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Why did the Bank of Canada hike rates? Here’s what ‘tipped the balance’Bank of Canada deputy governor Paul Beaudry says recent economic data suggests the risk of sticky inflation has gone up, prompting the latest interest rate hike.Economy6 hours
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Lululemon stock surges as consumers keep coming backLululemon's stock soared 15 per cent in early trade on Friday, after the apparel retailer defied investor worries with a full-year outlook lift amid little pullback from consumers.MoneyJun 2
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Retail sales fell in March as consumers spent less on gas, new carsCore retail sales - which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers - rose 0.3 per cent in the month.ConsumerMay 19
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Bank of Canada tight-lipped on rate moves as calls grow to ‘crush’ inflationScotiabank's Derek Holt says the Bank of Canada might raise interest rates again in June following a surprise uptick in inflation in April.EconomyMay 18
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Home Depot cuts sales forecast in sign consumers are reining in renosHome Depot cut its annual sales forecast and projected a steeper-than-expected decline in profit, stoking fears about inflation-wary consumers trimming discretionary spending.EconomyMay 16
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Inflation surprise puts Bank of Canada in a ‘tough spot’ for rate hikesThe annual pace of inflation climbed back up slightly in April, breaking a streak of declines and putting pressure on the Bank of Canada as it weighs where to take interest rates.CanadaMay 16
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U.S. Fed raises rates but signals possible pause to assess bank failuresAs widely expected, the U.S. Federal Reserved raised its benchmark interest rate by 25 basis points on Wednesday.EconomyMay 3
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Saskatchewan families still worried about grocery prices, despite inflation slowdownNew data shows that 55 per cent of people in Saskatchewan say their financial position has grown worse over the last year. That's second highest in the country.EconomyMar 21
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U.S. inflation eases but remains high, putting Fed in tough spot amid SVB falloutU.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve.EconomyMar 14
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Inflation is expected to drop significantly in Canada this year. What to knowLooking ahead, the Bank of Canada is forecasting inflation will fall to about three per cent by mid-year and back down to two per cent in 2024.EconomyFeb 24
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