Credit card users will avoid major retailers – but not necessarily small businesses – applying the 1.5% surcharge, survey shows

Credit card users will avoid major retailers – but not necessarily small businesses – applying the 1.5% surcharge, survey shows

Two in five credit card holders say they would stop shopping at major retailers if they were hit by the 1.5 percent credit card processing fee, a new Angus Reid survey suggests. But only three in ten would do the same for small businesses that pass on the surcharge. The survey results may not be … Read more

Bank of Canada expects to announce 7th rate hike this year – National

Bank of Canada expects to announce 7th rate hike this year – National

The Bank of Canada is expected to raise its key interest rate on Wednesday, making it the seventh consecutive time it has done so this year. The central bank will publish its interest rate decision at 10am accompanied by a press release that will provide an insight into the reasons behind the Governing Council’s decision. … Read more

Majority of Canadians afraid to feed their families as economic fear mounts: Poll – National

Majority of Canadians afraid to feed their families as economic fear mounts: Poll – National

Canadians are increasingly concerned about the state of the economy and the impact on their wallets, a new poll suggests, and a majority now say they fear they won’t have enough money to feed their families. The Ipsos survey, conducted exclusively for Global News, found that 53 percent of those surveyed were afraid of having … Read more

Rishi Sunak bets Britons will blame striking workers for Christmas chaos – POLITICO

Rishi Sunak bets Britons will blame striking workers for Christmas chaos – POLITICO

LONDON — Rishi Sunak has a glaring problem: Britain’s prime minister struggles to make union barons bogeymen as Christmas chaos looms. Britain’s most powerful rail union, the RMT, raised the bar on Monday by announcing that workers will leave from Christmas Eve through December 27 if a long-running spat over wages and working conditions escalates. … Read more

Food prices are expected to continue rising in 2023 amid the biggest wave of inflation in 40 years

Food prices are expected to continue rising in 2023 amid the biggest wave of inflation in 40 years

The headwinds of inflation are still blowing hard in the face of Canadians, this time with a basic necessity of life: food. A new national report predicts more increases in food prices in 2023, forcing Canadian families to pay $1,000 or more to feed themselves. Canada’s Food Price Report 2023, an annual international study conducted … Read more

MPs are grilling grocery giants over food affordability

MPs are grilling grocery giants over food affordability

The food inflation debate moved from the supermarket aisle to Parliament Hill on Monday. Senior supermarket executives were put to the test by the Senate Permanent Committee on Agriculture and Forestry, with MPs demanding an explanation for the rising cost of groceries. Given higher revenues from retailers during the global COVID-19 pandemic, Liberal MP Ryan … Read more

Eye on America: Rising home energy costs, the city of Buffalo recovering and more

Eye on America: Rising home energy costs, the city of Buffalo recovering and more

Eye on America: Rising Home Energy Costs, the City of Buffalo Recovers and More – CBS News Watch CBS News We travel to Connecticut to see how homeowners can save on rising energy costs. We also visit the community of Buffalo, New York, less than a year after a tragic mass shooting. Watch these stories … Read more

Inside the summit to heal the EU-US trade gap – POLITICO

Inside the summit to heal the EU-US trade gap – POLITICO

Press play to listen to this article Voiced by artificial intelligence. The transatlantic reset between Brussels and Washington is on life support. After four years of discord and disruption under Donald Trump, hopes were high that Joe Biden’s presidency would usher in a new era of cooperation between Europe and the US after he declared, … Read more

Food prices set to rise another 5-7% in 2023 after record year of inflation: report – National

Food prices set to rise another 5-7% in 2023 after record year of inflation: report – National

After a year of record inflation pushing food prices to levels not seen in decades, the cost of groceries in Canada is expected to continue to rise in 2023, a new report suggests. The latest Canada Food Price Report released Monday estimates that food prices will rise an average of another five to seven percent … Read more