‘Everyone’s nervous,’ as Canada faces hot inflation, rising rates: experts
In a television interview after the decision, BoC Governor Tiff Macklem said restoring price stability was not easy, but rampant inflation would be worse.“I understand a lot of Canadians are in debt and interest rate increases will put more stress on them. It is something that we are watching closely,” he told Radio-Canada.
Now he is already seeing signs that hot inflation and recession worries have consumers focused on essentials rather than luxury appliances, which is adding up to fewer large orders even as the holiday shopping season approaches.“Our wholesalers are definitely more tentative about spending money,” said Farnell.
With the price of feed rising faster than cattle prices, Haugan reduced his 400-cow herd by 30% in spring.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
CANADA: Food bank usage across Canada hit all-time high in MarchThe number of people using food banks across the country surged to an all-time high earlier this year, with high inflation and low social assistance rates cited as key factors in the rise, a new report from Food Banks Canada indicates.
اقرأ أكثر »
Shania Twain 2023 world tour: Singer plans 17 stops in Canada | Globalnews.caShania Twain's 'Queen of Me' tour starts next April in Spokane, Wash., and has a whopping 49 stops within North America and the U.K.
اقرأ أكثر »
Air Canada narrows loss to $508 million in quarter that saw demand surgeWhile the airline posted a loss in the quarter, its operating income was $644M, the first time it has hit positive territory since the pandemic began From alicjawithaj
اقرأ أكثر »
Canada GDP numbers out today show economy gearing downGrowth rate fell by half in the third quarter from its pace in the first six months of the year. Find out more
اقرأ أكثر »
Real Estate Industry Reacts to Latest Bank of Canada Rate HikeThe latest rate hike has some breathing a sigh of relief that it wasn't heftier, but some are concerned about bigger hikes downstream. REMAXca | collierscanada | realestate realestatenews interestrates inflation cdnpoli
اقرأ أكثر »
As Canada faces potential recession, Freeland to give fall economic statement Nov. 3OTTAWA — Finance Minister Chrystia Freeland will deliver an update on federal finances Thursday in the fall economic statement, as anticipation builds for
اقرأ أكثر »