Here are five things you need to know this morning.
Canadian consumers appear to be quickly rolling back their spending as the Bank of Canada’s higher interest rates start to bite into more household budgets.
A reckoning is well underway for Canadians lured by cheap and easy housing market money following a nearly five per cent hike in interest rates in less than two years.
Macquarie Group is adjusting its interest rate projections in light of Canada’s recent inflation data.
Experts say cutting the carbon tax, diversifying food sources and reducing domestic trade barriers are among the policy options that could help bring down grocery costs in Canada – but they caution that shoppers shouldn’t expect relief at the cash register any time soon.
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