Tag: Inflation

Most nearing retirement will need to make ‘significant’ lifestyle cuts: report | Global News

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A wave of Canadians gearing up for retirement will be forced to make “significant” cuts to live comfortably for the rest of their lives, an analysis from Deloitte Canada shows. The report released Wednesday looked at the finances of 4,000 Canadians between 55 and 64 years old to gauge their “retirement readiness.” Rad full story here: Most nearing retirement will need to make ‘significant’ lifestyle cuts: report | Global News

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Inflation Is Coming: Signs That Everything Is About To Get Much More Expensive | National Post

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We have bad news for you, reader: Real estate is crazy expensive, your money isn’t going to do anything for you in a bank account, and now that $20 in your pocket may start hemorrhaging value just by virtue of existing. Below, a rundown of all the reasons that your loonies could soon be losing up to 5 cents of value every year. If you haven’t noticed, the price of virtually everything is skyrocketing. Read full story here: Inflation Is Coming: Signs That Everything Is About To Get Much More…

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Canadian Borrowers Will Feel This Week’s U.S. Interest Rate Hike: Don Pittis | CBC News

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Markets are so certain that U.S. Federal Reserve chair Jerome Powell will raise rates this week that a failure to hike would likely have worse consequences for American markets than the impact of higher borrowing costs. But the near certainty so cherished by market traders — who hate rude surprises — will provide little reassurance for the millions of people around the world, including over-borrowed Canadians, who will inevitably feel the effects of higher rates. And not only are market indicators showing a 100 percent expectation of a rate hike on Wednesday, most analysts expect another increase in December,…

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Sobeys Parent Empire Co. Warns Food Prices Will Rise Partly Due To New Tariffs | CBC News

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The parent company of grocery chain Sobeys Inc. was “a little slow on the trigger” to pass on the higher cost of food to consumers due to tariff costs, but it will inevitably happen in the future, Empire Company Ltd. CEO Michael Medline said Thursday. “It’s clear with what’s going on in terms of transportation cost and tariff-related cost that our expectation — although we’re not economists — is that there will be some inflation,” he said during a conference call with analysts after the company released its first-quarter earnings…

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Heavily Indebted Canadians Need To Watch U.S. Interest Rate Announcement: Don Pittis – Business – CBC News

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A rise in U.S. interest rates tomorrow is so confidently expected by nearly everyone that a failure to hike rates would shock world markets. In his first official press conference since taking over for Janet Yellen, Federal Reserve chair Jerome Powell is expected to set the direction for interest rate increases this year and into the more distant future. What he says will matter to investors around the world. It will also matter to Canadian borrowers. One reason market watchers are so confident Powell will raise the key U.S. federal funds rate from 1.5 to…

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