Inflation

Bank of Canada says high inflation ‘keeping us up at night’

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Bank of Canada says high inflation ‘keeping us up at night’

Bank of Canada Senior Deputy Governor Carolyn Rogers said on Wednesday that inflation in Canada was much too high and did not rule out a 75-basis-point increase at the central bank’s July decision. “We know inflation is keeping Canadians up at night. It’s keeping us up at night,” Rogers said at an event organized by … Read more

Here are 10 inflation-proof meals that cost under $10 in Toronto

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Here are 10 inflation-proof meals that cost under in Toronto

Inflation is out of control. On Wednesday, Statistics Canada reported that Canada’s annual inflation rate jumped to 7.7 per cent in May, the fastest pace of rising consumer prices in nearly four decades. Food costs at restaurants grew 6.8 per cent in May, while grocery prices also increased to 9.7 per cent. It’s hard to … Read more

Higher rates but less inflation panic: What CIBC’s Benjamin Tal is predicting for stocks, home prices and the economy

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Higher rates but less inflation panic: What CIBC’s Benjamin Tal is predicting for stocks, home prices and the economy

Benjamin Tal, deputy chief economist at CIBC Capital Markets, in Toronto on June 7, 2019.Tijana Martin/The Globe and Mail Mounting fears of a recession have gripped equity markets, with the S&P/TSX Composite Index now firmly in correction territory. The S&P/TSX is down 13 per cent from its record closing high of 22,087, reached on March … Read more

Why investors have become hesitant to buy beaten-up equities. Plus, 17 dividend growth stocks that will help you fight inflation

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Why investors have become hesitant to buy beaten-up equities. Plus, 17 dividend growth stocks that will help you fight inflation

Whipsawing bond yields, surging oil prices and a Federal Reserve bent on squashing the worst inflation in four decades are hammering investors’ ability to assess US stock valuations, even as the market’s tumble creates potential bargains. Without a doubt, stocks are far cheaper than at the start of the year, following a 23% year-to-date decline … Read more

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

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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

Freeland defends budget after Scotiabank accuses feds of ‘doing nothing’ on inflation – National

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Freeland defends budget after Scotiabank accuses feds of ‘doing nothing’ on inflation – National

A cut in planned government spending could help tame rampant inflation and reduce pressure on the Bank of Canada to hike interest rates, according to a report from Scotiabank. The report from the bank’s chief economist Jean-Francois Perrault and modeling director René Lalonde claims that Canadian fiscal policymakers are “doing nothing of any significance to … Read more

Inflation will not fall to 2% target for two years, Fed’s Mester says

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Inflation will not fall to 2% target for two years, Fed’s Mester says

Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the US economy in New York November 18, 2015. lucas jackson | Reuters Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to fall to the central bank’s 2% target, adding that … Read more

Rampant inflation means Bank of Canada must raise rates above 3%: economist – National

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Rampant inflation means Bank of Canada must raise rates above 3%: economist – National

Rampant inflation in the Canadian economy means the Bank of Canada will have to raise rates above three per cent to bring things back under control, suggests one economist. Don Drummond, an economist and fellow with Queen’s University, spoke with The West Block‘s Mercedes Stephenson and said while the Bank has been clearly signaling an … Read more

Looking for bargains amid the selloff? Consider bonds

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Looking for bargains amid the selloff? Consider bonds

Bonds haven’t been getting as much attention from investors as stumbling technology stocks and bitcoin during this year’s bout of financial market volatility, but some observers are now pondering opportunities in this beaten-up asset class. A key reason: Bond yields have soared to levels where they are now challenging dividend-paying stocks, offering investors a level … Read more

A 17-pack of dividend-growth stocks for investors who want to flip the script on inflation

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A 17-pack of dividend-growth stocks for investors who want to flip the script on inflation

Fight inflation by investing in it. If you’re paying more for gasoline or diesel fuel, invest in energy stocks. Price hikes in retail stores mounting up? Put some money in companies that sell the things you buy. Let’s refine this idea a bit: Focus on dividend-paying stocks because their quarterly cash payouts will help you … Read more