The Bank of Canada raised its benchmark interest rate for the first time in more than three years on Wednesday as it warned higher costs from the war in the Middle East are likely to spread.
Lakeland EV Charging, in partnership with the District of Muskoka, has opened a new electric vehicle charging station along Highway 60 between downtown Huntsville and Algonquin Park.
BMO chief economist Douglas Porter said while soaring gasoline prices are pushing inflation above the Bank of Canada's target, underlying price pressures remain relatively contained.
The Supreme Court of Canada said Thursday it will hear an appeal that will determine if Ottawa's ban on single-use plastics like straws, cutlery and packaging can stay in place.
With inflation driving up inventory wholesale costs, gas station and convenience store operators could expect customers to cut back on purchases like snacks, beverages, and premium fuel.
The federal government is extending the suspension of federal fuel excise taxes until the new year to help Canadians feeling the pressure from higher energy costs caused by instability in the Middle East.