Although inflation has eased in recent months, less progress has been made when it comes to food prices.
Last month, the Bank of Canada hiked its key interest rate for the eighth consecutive time since March 2022, bringing it from near zero to 4.5 per cent.
Statistics Canada reported earlier this month that the economy added 150,000 jobs last month.
Many Canadians are experiencing strains caused by the increased cost of living and inflation.
Airports that lost millions of dollars during the pandemic are now trying to recoup some of the losses as travel picks up again.
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey.
When selling a home, Canadians may be exempted from paying capital gains tax on a residential property — if it’s their principal residence.
The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent.