Commentary The Bank of Canada has once again increased its benchmark interest rate, this time by .25 basis points to five percent, amid growing apprehension from a number of financial experts regarding its potential impact on consumers. And their concerns are not unfounded. Let us examine the evidence. Undoubtedly, food and housing constitute the fundamental…
Sylvain Charlebois: What Does the Latest Interest Rate Hike Mean for Your Wallet?
BMO Financial Group Signs Deal to Acquire Air Miles Loyalty Rewards Program
BMO Financial Group announced a deal Friday to acquire the Air Miles loyalty rewards program from LoyaltyOne Co. Financial terms of the agreement were not immediately available. Air Miles president Shawn Stewart called the deal a “significant step forward in solidifying the future of the Air Miles program.” The deal has “no impact on Air…
Sylvain Charlebois: Canada Desperately Needs ‘Real’ Discount Grocery Stores
Commentary This may come as a surprise to some Canadians, but our country doesn’t really have a real discount grocery chain. With higher food prices and a growing number of consumers seeking refuge from record-setting food inflation at the grocery store, real discount grocery stores would come in very handy. But the option is simply…
Accusing Grocers of ‘Greedflation’ Is Pointless, but People Want a Scapegoat
Commentary As food prices rise, many are quick to blame grocers for profiteering and taking advantage of consumers. The notion of “greedflation” has emerged as one of the most talked about issues in the last month. Food inflation in Canada is at a 41-year high, at 10.3 percent, and chances are that consumers won’t get…
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