National Newswatch

Canada’s inflation rate jumps to new 31-year high of 6.7%

Apr 20 2022 — Pete Evans — Canada’s inflation rate rose to 6.7 per cent in March, far more than economists were expecting and a full percentage point higher than February’s already 30-year high. Statistics Canada reported Wednesday that all eight categories of the economy that the data agency tracks rose, from food and energy to shelter costs and transportation. “The spike […]

Are grocery stores running out of food? Here’s what’s really going on

Jan 26 2022 — Pete Evans — Never mind hockey, maple syrup or Tim Hortons. Canadians seem to have found a new national obsession in recent weeks: Documenting the state of affairs at their local grocery stores, to try to gauge whether or not the country is in the midst of a food-supply crisis. Provincial premiers, federal MPs, members of various opposition […]

Expecting higher rates in 2019? Don’t bet on it just yet

Jan 6 2019 — Pete Evans — Ever since the Bank of Canada ratcheted its benchmark interest rate up in the summer of 2017, economists, policy-makers, central bankers (and, full disclosure, even yours truly) have been warning Canadians to expect more hikes to come as the era of virtually free money seemed to be coming to an end. Since then, the central […]

Lowe’s closing 31 locations in Canada, mainly Rona stores

Nov 5 2018 — Pete Evans — Home improvement retailer Lowe’s is closing a total of 31 locations, including 27 underperforming Lowe’s and Rona stores in British Columbia, Alberta, Ontario, Quebec, and Newfoundland and Labrador, and 20 locations in the U.S. The North Carolina-based chain said Monday morning that the closures are “part of its ongoing strategic reassessment” of its business. Most […]

Why boycotting Canadian wheat is likely to backfire for Saudi Arabia

Aug 12 2018 — Pete Evans — The sudden diplomatic dispute between Saudi Arabia and Canada took a lot of unexpected twists and turns this week, but perhaps none was more head-scratching than the kingdom’s threat to stop buying Canadian wheat. Because they don’t buy much as it is. And if anything, they’re likely to need to buy more soon.

Prices for canned goods about to go up in Canada as tariffs start to bite

Aug 1 2018 — Pete Evans — Canadians should brace for higher prices on everything from soda to soup as manufacturers begin to feel the impact of the U.S.-Canada trade war and pass on the cost of aluminum and other tariffs to retailers. PepsiCo Beverages Canada recently advised retailers that it plans to raise its prices by about a penny per can, […]