After months of negotiations, the U.S. Senate passed new legislation focused on reducing carbon emissions and steering consumers toward green energy. The US$430-billion bill represents the country’s largest single investment to combat climate change, earmarking... read more
The world economy is being hammered on all sides. Russia’s invasion of Ukraine, soaring inflation and rising interest rates are weighing on global growth and pushing many countries towards recession. That’s reviving concerns about “stagflation” – a noxious combination of... read more
If flirty dresses and bright colours were signs of a strong economy, you might think consumers are on to the next spending spree. After months of a lockdown-related boom in loungewear, more formal attire is... read more
Plant-based proteins and other ‘meat analogues’ seemed an ideal solution to much of the world’s food sustainability problems, but producers like Beyond Meat are facing hurdles with consumers and investors. Late last year, Michael McCain... read more
Canada’s inflation rate hit a 31-year-high in April as prices continue to rise from the grocery store to the gas station. But what, exactly, is inflation and how long will it remain at record highs?... read more
A “terrible tragedy” is unfolding across Canada, where 5.8 million people are living in food insecurity, says Maple Leaf Foods MFI-T -0.11%decrease chief executive Michael McCain. They do not have adequate access to food due to financial... read more
During the pandemic, households have saved a lot more cash than usual. Where it’s spent – and how quickly – carries big implications for the economy. Paul Bannister is making up for lost time. He... read more
The federal government’s 2022 budget plan lays out more than $56-billion in new spending over six years, as part of a package Finance Minister Chrystia Freeland says will boost innovation and green technology. The budget, which the... read more
Two years into the pandemic, it’s getting tougher for Canadian households to avoid steep inflation. The annual inflation rate hit a three-decade high of 5.7 per cent in February, and it’s only likely to get... read more
Since Russian President Vladimir Putin’s actions this week are a carefully calculated bet, it is likely that the West will have to consider sanctions as a long-term strategy. With Russian tanks inside their borders and... read more
Popular comfort foods such as pizza and ice cream may become more expensive for consumers after Canada’s dairy supply management body raised the price of milk this month. At restaurants, cheese usually makes up around... read more
Canadian inflation surged in September at the fastest pace since 2003 due to higher gas and housing costs, adding fuel to a boisterous debate over how long prices will rise rapidly. The consumer price index... read more
The small flock of sheep scampered quickly across London’s Southwark Bridge, driven forward by a group of cheerful men and women in long robes and floppy hats. Every now and then, the shepherds stopped to... read more
Big-name stock exchanges, rating agencies, auditors and index providers have banded together in a group led by former central banker Mark Carney to focus their operations on achieving net-zero carbon emissions as countries prepare to meet... read more
After a slump in consumer prices during the pandemic, they’ve come roaring back as demand increases and supplies of some goods get scarce. Here’s what you need to know. WHAT IS DRIVING INFLATION? Probably the... read more