Toronto, Vancouver top the country on inflation.
Some rare good news for Canadian grocery shoppers.
When the US went off the gold standard in 1971, all currencies essentially became fiat monies, with their value derived from the governments that issue them rather than from commodities. This was the birth of instability of floating currencies. This is why gold is powerful.Gold isn't about getting you rich, gold is about preserving value and purchasing power -- avoiding what makes you poor.
Inflation is tame right now. Wage growth is even tamer.
Gas prices are creeping up again.
Inflation-adjusted wages are falling even in booming parts of the country.
The fallout from the loonie's slide continues to be felt in Canada's grocery stores. Fruit and vegetable prices kept climbing
If you're retired and living off the interest you receive from your fixed income investments (regardless of what the interest rate is), your capital is dropping in value every day. This drop in value is not noticeable on your statement, but is certainly noticeable when spending your money.
In today's highly volatile capital markets, investors who can't stomach the fluctuations have hunkered down in good old Guaranteed Investment Certificates (GICs) and other traditionally categorized 'low-risk' investments. Although it only pays a modest rate of return, you can always count on your money being there when you need it. Or can you?
Overall food prices are 4 per cent higher than a year ago.