CTV News | Inflation Canada

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• Stretched thin, parents have swath of options to save for children's education

  Parents are finding it tougher than ever to save for their children's post-secondary education, but the mainstays of post-secondary saving remain key tools, as do clear goals and plenty of planning.

• Bank of Canada ends pause on hikes, raises policy rate by 25 basis points

  The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January.

• Rent across Canada climbs to 20 per cent above pandemic lows: report

  Across Canada, the average price of rent climbed back up after pandemic lows, with the monthly rate new tenants face now 20 per cent higher than it was two years ago, according to just-released rental data.

• Food inflation: How Canada's grocery prices compares to other nations

  While many are experiencing sticker shock at the checkout, a new report suggests Canada is the second-lowest nation to see food price hikes.

• What slowdown? Economy outperforms, raising odds of a rate hike

  The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again.

• Money expert offers advice on avoiding overspending this season

  As spring shifts into summer, seasonal spending habits can take a toll on your savings. But one personal finance expert offers advice on how to avoid overspending this year.

• Tiff Macklem stresses need for vigilance, points to household debt as key risk in Canada's financial system

  The Bank of Canada highlighted early signs of financial stress among Canadian households as one of the key risks in the financial system. The unprecedented increase in interest rates has raised the costs for households, a vulnerability if a recession were to occur.

• Groceries, gas, mortgages: These are the items that saw the biggest price increases in April

  If inflation is cooling, why are some items still so expensive? Here's a look at what products saw the biggest price increases in April.

• opinion

  opinion | How to get the most out of your grocery rebate

  Personal finance contributor Christoper Liew shares the latest information about who’s eligible for the grocery rebate, when they can expect their payments, and some helpful tips on making the most of your grocery rebate.

• Annual inflation rate edged up in April, raises chances of higher interest rates

  The annual pace of inflation rose in April for the first time since it peaked in June last year, a move some economists say will test the Bank of Canada's decision to pause hiking interest rates if the economy does not cool as expected later this year.

• Bank of England set to raise U.K. interest rates to highest level since 2008

  The Bank of England is set to raise interest rates later Thursday to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.

• opinion

  opinion | How much of a raise should you ask for in a time of high inflation?

  With the rising cost of food and living expenses, you might be considering asking for a raise. On CTVNews.ca, personal finance contributer Christopher Liew explains how inflation could determine the extent of your raise, as well as other key factors.

• BoC can address banking system stress, even as it fights inflation: Macklem

  Bank of Canada governor Tiff Macklem says the central bank is ready to step in if stress in the global banking system affects Canada, but emphasized it won't back off from its inflation fight as it works to bring inflation down to its two per cent target.

• Proposed Canadian grocery code lays out process to resolve disputes, impose sanctions

  Efforts to craft a Canadian grocery code of conduct have reached a major milestone with a proposed final version that includes a process to resolve disputes and impose sanctions on systemic violators of the code.

• After economy posts strong start to 2023, new data suggests slowdown has begun

  The Canadian economy's strong bounce back at the start of the year appears to have been short-lived, as new data suggests growth is on a downward trajectory.

• Food prices fall on world markets but not on kitchen tables

  Around the world, food prices are persistently, painfully high. Puzzlingly, too. On global markets, the prices of grains, vegetable oil, dairy and other agricultural commodities have fallen steadily from record highs. But the relief hasn't made it to the real world of shopkeepers, street vendors and families trying to make ends meet.