A Little Known But Powerful Recession Indicator Is Flashing Red

A Little Known But Powerful Recession Indicator Is Flashing Red

The latest in a number of recession indicators has just begun flashing red. getty While last week’s consumer inflation (CPI) reading may have cracked open the window for avoiding recession, it might be too little and too late as a little-known but powerful recession indicator began flashing red last week. The 10-year Treasury minus 2-year … Read more

Inflation rate slows on falling gas prices, but rising rents, groceries put pressure on households

Inflation rate slows on falling gas prices, but rising rents, groceries put pressure on households

A commuter pumps gas into their vehicle at an Esso gas station in Toronto on June 15, 2021.Tijana Martin/The Canadian Press Canadian inflation slowed in July as consumers paid less for gasoline, but prices for many everyday items grew at faster rates, showing how cost-of-living pressures remain a threat to household budgets. The Consumer Price … Read more

Why housing costs are driving up inflation, despite the real-estate downturn

Why housing costs are driving up inflation, despite the real-estate downturn

A house for sale in Ottawa on June 15.Spencer Colby/The Globe and Mail Canada’s housing market is plunging as higher interest rates scare off potential buyers. Even so, the effects of the slowdown are not showing up in the country’s red-hot inflation numbers. As the real-estate sector cools, the cost of owning or renting a … Read more