Financial challenges for Canadians during COVID pandemic

“Even in good times, many household budgets teeter on a knife-edge. We know that many don’t have enough emergency savings to cope."

Financial challenges for Canadians during COVID pandemicA new poll finds 43 per cent of Canadians are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer working hours. The poll, released on Wednesday, was conducted by Ipsos for MNP. “Short-term financial relief is ending, but…

Canadian annual inflation rate 0.1% in August

In Alberta, the annual inflation rate was up 0.6 per cent

Canadian annual inflation rate 0.1% in AugustThe Consumer Price Index (CPI) in Canada rose 0.1 per cent on a year-over-year basis in August, matching the 0.1 per cent increase in July, reported Statistics Canada on Wednesday. Excluding gasoline, the CPI rose 0.6 per cent in August, following a 0.7 per cent increase in July. In Alberta, the annual inflation rate was…

Consumer confidence tumbles in August

Alberta had been recovering the fastest across regions so far, with the smallest gap (17.9 points) between its August index and its pre-pandemic index

Consumer confidence tumbles in AugustConsumer confidence in Canada tumbled in August as coronavirus cases were on the rise, according to a report released Wednesday by the Conference Board of Canada. The report said the Index of Consumer Confidence declined by 4.1 points to 78.4, reversing three consecutive months of increase. “This month’s decline pushed the index to 42.2 points…

Consumer spending in Alberta higher than pre-pandemic level

“It remains to be seen if the upswing represents a burst of pent-up spending that will taper off in the months ahead or a more sustained trend."

Consumer spending in Alberta higher than pre-pandemic levelAfter falling during the COVID-19 lockdown, daily consumer spending levels in Alberta have recovered and are even higher than they were before the pandemic, says a new report released by ATB Financial’s Economics & Research Team. The report found that between the peak reached on March 14 and the low set on April 5, daily…
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