Rising Costs in Canada
Rising Living Costs in Canada Fuel Labor Disputes
A report from the Royal Bank of Canada (RBC) warns that rising living costs in the country may lead to increased labor disputes. The report cites high inflation, labor shortages from an aging population, and growing union influence as factors contributing to more frequent job actions.
Bank of Canada Warns of Risk That Firms Keep Raising Prices
A Bank of Canada official said there’s a risk companies will continue to raise prices more frequently and more sharply, complicating the Bank of Canada's efforts to bring inflation back to 2%. The official noted that the bank has observed indications of corporate pricing behaviour gradually returning to pre-pandemic norms, but progress remains sluggish and has not fully reached pre-pandemic levels.
