The Bank of Canada announced a 0.5 per cent interest rate increase on April 13, 2022, in a move to quell Canada’s high inflation.
THE CANADIAN PRESS/Sean Kilpatrick
While central banks did help mitigate a COVID-induced recession, they don’t have the power to solve our inflation problem.
People bought the last remaining groceries at a Finnish PRISMA store that was closing down in in St. Petersburg in March.
AP Photo
Despite the ruble’s recovery, sanctions have actually dealt a punishing blow to the Russian economy. But changing Putin’s mind is another matter.
Sparkling not still.
Xinhua/Alamy
The president’s business reforms are not to everyone’s liking, but they seem to be producing results.
Is France heading for Macron vs. Le Pen rematch?
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For the second time running, it is looking like the French presidential election will go to a runoff between centralist Emmanuel Macron and far-right Marine Le Pen.
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Australia’s Reserve Bank no longer says it is patient, but it is unlikely to move move until it sees widespread higher wage growth.
There is a strong possibility that market disturbances related to the conflict in Ukraine could push grocery prices in Canada even higher than originally predicted.
THE CANADIAN PRESS/Frank Gunn
Grocers must find a way to add value and affordability for consumers.
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Josh Frydenberg says halving the fuel excise will save a family with two cars $700. Our calculations show for most households it will be less.
Hopefully, we aren’t actually what we eat.
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Oil is used throughout the US economy. It goes into packaging, toys, clothing and especially the food we eat.
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Experts on poverty in Britain explain how destitution affects different groups of people and aspects of life.
Gas station in Seattle on March 11, 2022.
AP Photo/Ted S. Warren
Consumers are feeling pain at the pump and demanding solutions. Some politicians are pushing gasoline tax waivers – but that means less money to fix roads, and often not much economic relief.
Red briefcase time again.
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The UK may be facing the worst economic conditions in many years, but the chancellor may prefer not to be overly helpful.
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Enormous price rises beyond Australia’s control are cutting our standard of living. Cutting it further by rising rates won’t help.
At the heart of the economic war: the parity of the rouble.
Ulianapinto/Pixabay
The idea: to use the credit channel by making foreign banks bear the consequences of the devaluation of the Russian currency.
The rock and the hard place.
Sergey Nivens
Central banks are facing some of their toughest monetary policy decisions ever.
Stagflation is scary.
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The US economy is cooling, yet inflation remains elevated, a combo that suggests stagflation might be right around the corner.
Moscow headquarters of Rosneft, Russia’s state-owned oil company.
AP Photo/Mikhail Metzel
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
As the ruble crumbles, are the wheels falling off the Russian economy?
AP Photo/Pavel Golovkin
Soaring inflation and a run on the banks signal that punishing sanctions resulting from the invasion of Ukraine are already inflicting economic pain.
ITAR-TASS News Agency / Alamy Stock Photo
The cost of living crisis could get even worse.
Over 50 per cent of working Americans continue to be dissatisfied with their ‘unjust’ incomes. They say it isn’t sufficient to meet their family expenses.
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Many Americans regularly report that they don’t make enough to support their families. Status plays a role — while money can’t buy happiness, it can bring status, which can lead to happiness.
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Disruption at each stage of supply chain – production, transportation and distribution – is forcing New Zealand to ‘import’ more inflation. There will be no quick fix in 2022.