Inflation in Canada hits 39-year high

Inflation in Canada hits 39-year high

New numbers from Statistics Canada show the country’s inflation rate rose to 8.1 per cent last month, the fastest annual increase since 1983. Watch The National live on YouTube Sunday-Friday at 9 p.m. ET Subscribe to The National: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1 Connect…

Interest rate hike adds to challenges facing Canadian farmers, could increase food prices

Interest rate hike adds to challenges facing Canadian farmers, could increase food prices

Higher borrowing costs, which are rising with another Bank of Canada rate hike, are adding to the pain for Canadian farmers already coping with poor weather and high inflation. For consumers, the costs could contribute to higher food prices later…