The Bank of Canada signaled a more aggressive approach to bringing skyrocketing inflation back under control as it announced the largest single rate increase since August 1998.
Maryna Skobal's parents were set to make the trip from Ukraine to Ottawa for her birthday. But then Skobal’s mother called, telling her that the Russian military invasion of Ukraine had begun.
“We’re riding an incredible wave right now,” says co-founder and CEO of Ottawa-based last-mile delivery firm that ships goods on behalf of merchants in four Canadian cities.
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.
As the world copes with the impacts of the Russian invasion of Ukraine, central banks around the world are responding to record-high inflation with adjusted interest rates.
On Monday, three women hosted PYSANKA: To Ukraine With Love Fundraiser at AllSaints Event Space in Sandy Hill and, in doing so, further galvanized the community into action.
The governor of the Bank of Canada is signalling Canada's key interest rate could go up another half percentage point in June to help wrestle inflation under control.
New measures to ensure Canada doesn't export sensitive technology to foreign adversaries are among the changes being eyed by Ottawa to bolster the country's economic security.
Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises…