inflation

Federal spending does fuel inflation, but it’s worth the hit: Desjardins – National

Federal spending does fuel inflation, but it’s worth the hit: Desjardins – National

A new report calls on Ottawa to stick to its spending plans amid criticism that the federal government isn’t doing enough to combat surging inflation, while some experts suggest policymakers could crack down on price gouging without adding fuel to the fire. Decades-high inflation levels in Canada have turned up the political heat on Ottawa …

Federal spending does fuel inflation, but it’s worth the hit: Desjardins – National Read More »

Powell vows to prevent inflation from taking hold for the long run

US Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, US, June 23, 2022. Mary F. Calvert | Reuters Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the US economy over the longer term. “The risk is that because …

Powell vows to prevent inflation from taking hold for the long run Read More »

At midday: TSX rises as energy sector gains, China relaxes COVID curbs

Canada’s main stock index jumped to a near two-week high on Tuesday as energy shares gained, while easing COVID-19 restrictions in China raised hopes for stronger global growth. At 10:42 am ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 165.37 points, or 0.86%, at 19,423.69, extending its rally for a third consecutive session. …

At midday: TSX rises as energy sector gains, China relaxes COVID curbs Read More »

World at ‘tipping point’: if inflation becomes entrenched, it’ll trigger ‘major paradigm shift’ – BIS

(Kitco News) The top economies of the world are at a tipping point. If inflation becomes entrenched, it will trigger “a major paradigm shift,” the Bank for International Settlements said in its annual report. The BIS warned that a high-inflation environment would make swift price increases the new normal and extremely hard to reverse. “We …

World at ‘tipping point’: if inflation becomes entrenched, it’ll trigger ‘major paradigm shift’ – BIS Read More »

$1,800 gold puts M&A projects ‘on the table,’ but gold’s price will go higher – Alastair Still

(Kitco News) The price of gold will rise due to worries about inflation, said Alastair Still, CEO of GoldMining Inc. He added that even a price of $1,800 per ounce offers many opportunities for mergers and acquisitions. “I think the gold price is going to go higher,” he said. “We are all talking about inflation. …

$1,800 gold puts M&A projects ‘on the table,’ but gold’s price will go higher – Alastair Still Read More »

Wages are rising—for some. Are you likely to see a pay bump?

For many Canadian workers, wages are not keeping up with the rising cost of living. While the latest jobs report from Statistics Canada revealed that wage gains for permanent workers reached 4.5 per cent in May, Consumer Price Index data for that same period showed overall inflation rising to 7.7 per cent. In short, workers …

Wages are rising—for some. Are you likely to see a pay bump? Read More »

Premarket: Stocks extend bear market bounce as inflation angst eases

Tokyo pedestrians wearing protective masks are reflected on an electronic board displaying various company’s stock prices in this file photo.Kim Kyung Hoon/Reuters World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and …

Premarket: Stocks extend bear market bounce as inflation angst eases Read More »

Chrystia Freeland says Canada has a path to ‘soft landing’ to avoid recession

Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks to reporters before heading to Question Period in the House of Commons on Parliament Hill in Ottawa on June 23.Justin Tang/The Canadian Press Finance Minister Chrystia Freeland on Sunday said Canada still has a path to a “soft landing,” where it could stabilize economically after …

Chrystia Freeland says Canada has a path to ‘soft landing’ to avoid recession Read More »